Economics

Suppose that the public wishes to hold $0.35 in pocket money (currency and coin)

Suppose that the public wishes to hold $0.35 in pocket money (currency and coin) and $0.25 in time and savings deposits. Suppose that banks wish to hold $0.20 for each new dollar …

Suppose that the publishers of J.K. Rowling’ final volume in the Harry Potter se

Suppose that the publishers of J.K. Rowling’ final volume in the Harry Potter series estimate that inverse demand weekly for this book in the United States is PUS = 50 – qUS and i…

Suppose that the real money demand is L(Y, i) = 0.05Y i , where Y is real output

Suppose that the real money demand is L(Y, i) = 0.05Y i , where Y is real output and i is the nominal interest rate. Also suppose that the real output is constant over time at 200…

Suppose that the relationship between years of education and annual wages can be

Suppose that the relationship between years of education and annual wages can be written in the following way. Wagei = 1000 + 3000*Si + 2000*BAi Where Wi is the wage of individual…

Suppose that the required reserve ratio is 9%, currency in circulation is $620 b

Suppose that the required reserve ratio is 9%, currency in circulation is $620 billion, the amount of checkable deposits is $920 billion, and excess reserves are $14 billion. The …

Suppose that the reserve requirement for current deposits is 10 per cent and tha

Suppose that the reserve requirement for current deposits is 10 per cent and that banks do not hold any excess reserves If the ECB decides not to renew €1 million of loans it prev…

Suppose that the reserve requirement is 10 percent and the balance sheet of the

Suppose that the reserve requirement is 10 percent and the balance sheet of the People's National Bank looks like the accompanying example. a. Indicate how the bank's balance shee…

Suppose that the reserve requirement is 3% on the first 30 million of checkable

Suppose that the reserve requirement is 3% on the first 30 million of checkable deposits and 10% on the checkable deposits in excess of 30 million. (Amounts on the balance sheet a…

Suppose that the reserve requirement is 5.5%. If 4 firms deposit a total of $1 m

Suppose that the reserve requirement is 5.5%. If 4 firms deposit a total of $1 million into a demand deposit account at the First national Bank, what is the total deposit creation…

Suppose that the reserves requirements for checking deposit is 10 percent and th

Suppose that the reserves requirements for checking deposit is 10 percent and that banks do not hold any excess reserves. A. if the fed sells $1 million of government bonds,what i…

Suppose that the share of U.S. GDP going to domestic consumption remains constan

Suppose that the share of U.S. GDP going to domestic consumption remains constant. Initially, the federal government was operating with a balanced budget, but this year it has inc…

Suppose that the state of Connecticut is attempting to set a water quality stand

Suppose that the state of Connecticut is attempting to set a water quality standard, where water quality is measured as percent of mercury abated (A), the marginal social benefit …

Suppose that the state of Michigan is attempting to set a better water quality s

Suppose that the state of Michigan is attempting to set a better water quality standard due to the news that lead was found in Flint. Water quality is measured as percent of lead …

Suppose that the statistical department of the California Power Company estimate

Suppose that the statistical department of the California Power Company estimated that the price elasticity of demand for household natural gas is -1.4 in the short run and -2.1 i…

Suppose that the supply function for a certain product is p = S ( x ) = x 2 + 2

Suppose that the supply function for a certain product is p = S(x) = x2 + 2x + 32 where x 0 And the demand function for this same product is p = D(x) = 144 x2 where x 0 where p is…

Suppose that the supply function for apples is Qs = 30 + 0.2Pa - 6 W (1.1) where

Suppose that the supply function for apples is Qs = 30 + 0.2Pa - 6 W (1.1) where Qs is the quantity supplied of apples in millions of pounds. Pa is the market price of apples in c…

Suppose that the supply schedule of Indonesian Coffee beans is as follows of Ind

Suppose that the supply schedule of Indonesian Coffee beans is as follows of Indonesian coffee beans suppli $4.00 $3.50 $3.00 $2.50 S2.00 6.000 5,000 4,000 3,000 2,000 Suppose tha…

Suppose that the table below shows an economy\'s relationship between real outpu

Suppose that the table below shows an economy's relationship between real output and the inputs needed to produce that output input Quantity Instructions: Round your answers to 2 …

Suppose that the table below shows an economys relationship between real output

Suppose that the table below shows an economys relationship between real output and the inputs needed to produce that output: Round your answer to two decimal places. 1. What is t…

Suppose that the table below shows an economys relationship between real output

Suppose that the table below shows an economys relationship between real output and the inputs needed to produce that output: Input Quantity Real GDP 300.00 $400 225.00 300 150.00…

Suppose that the tannery could use a different production method that involves r

Suppose that the tannery could use a different production method that involves recycling water. This would reduce the pollution in the river to levels safe for recreation, and the…

Suppose that the tannery could use a different production method that involves r

Suppose that the tannery could use a different production method that involves recycling water. This would reduce the pollution in the lake to levels safe for recreation, and the …

Suppose that the terms of trade between Coloradia and Equatoria were established

Suppose that the terms of trade between Coloradia and Equatoria were established such that the price of one unit of timber is half that of one unit of fish -or equivalently, that …

Suppose that the total benefit and total cost from a continuious activity are re

Suppose that the total benefit and total cost from a continuious activity are respectively, given by the following equations: B (Q)= 100+36Q - 4Q2 C (Q)= 80+12Q Note: MB (Q)= 36-8…

Suppose that the total benefit and total cost from a continuous activity are, re

Suppose that the total benefit and total cost from a continuous activity are, respectively, given by the following equations: B(Q) = 100 + 36Q – 4Q2 and C(Q) =80 + 12Q. (Note: MB(…

Suppose that the total benefit and total cost from a continuous activity are, re

Suppose that the total benefit and total cost from a continuous activity are, respectively, given by the following equations: B(Q) = 100 + 36Q – 4Q2 and C(Q) =80 + 12Q. (Note: MB(…

Suppose that the total benefit and total cost from an activity are, respectively

Suppose that the total benefit and total cost from an activity are, respectively, given by the following equations: B(Q)=150+28Q-5Q(squared) and C(Q)=100+8Q. (Note:MB(Q)=28-10Q an…

Suppose that the tuna industry is in long-run equilibrium at a price of $5 per c

Suppose that the tuna industry is in long-run equilibrium at a price of $5 per can of tuna and a quantity of 400 million cans per year. Suppose the Surgeon General issues a report…

Suppose that the tuna industry is in long-run equilibrium at a price of $5 per c

Suppose that the tuna industry is in long-run equilibrium at a price of $5 per can of tuna and a quantity of 300 million cans per year. Suppose that WebMD claims that a protein fo…

Suppose that the turkey industry is in long-run equilibrium at a price of $5 per

Suppose that the turkey industry is in long-run equilibrium at a price of $5 per pound of turkey and a quantity of 50 million pounds per year. Suppose that WebMD claims that the b…

Suppose that the unemployment benefits are increased permanently, answer the fol

Suppose that the unemployment benefits are increased permanently, answer the following questions using the AD-AS model to analyze the impacts:     A)         What will happen to Y…

Suppose that the value of the capital stock in the economy is $150 million. If i

Suppose that the value of the capital stock in the economy is $150 million. If investment is equal to zero, then output will remain at its current level. the capital stock will de…

Suppose that the value of the short-run absolute elasticity of demand for a good

Suppose that the value of the short-run absolute elasticity of demand for a good is 0.38. Then, we know the long-run absolute price elasticity of demand will be A) 0. B) greater t…

Suppose that the wage paid to manufacturing workers in dangerous occupations (e.

Suppose that the wage paid to manufacturing workers in dangerous occupations (e.g. mining, slaughterhouses, chemical processing) depends primarily on two factors: on-the-job exper…

Suppose that the wage-schooling schedule is w(s) = 2 k 0 p s and that the rate o

Suppose  that  the  wage-schooling  schedule  is w(s)  =  2 k 0 p s and  that  the  rate  of  interest  rate  is r It can be shown that the marginal return to schooling investment…

Suppose that the world demand for oil is QD = 19 – 0.225P, where QD is in billio

Suppose that the world demand for oil is QD = 19 – 0.225P, where QD is in billions of barrels per year demanded and P is the price per barrel in dollars. The world supply of oil w…

Suppose that the world price of T-shirts is AUD$20 each and Australia has a 30%

Suppose that the world price of T-shirts is AUD$20 each and Australia has a 30% ad valorem import duty on T-shirts (i.e. the import duty is 30% of the world price). A proposed pro…

Suppose that the world price of copper is $4 a pound, Poland does not trade inte

Suppose that the world price of copper is $4 a pound, Poland does not trade internationally, and the equiibrium price of copper in Poland is $3 a pound Poland then begins to trade…

Suppose that the world price of oil is 490 per barrel and that the US can buy al

Suppose that the world price of oil is 490 per barrel and that the US can buy all the oil it wants at this price. Suppose also that the demand and supply schedules for oil in the …

Suppose that the world price of oil is roughly $80.00 per barrel and that the wo

Suppose that the world price of oil is roughly $80.00 per barrel and that the world demand and total world supply of oil equal 34 billion barrels per year (bblyr), with a competit…

Suppose that the world price of oil is roughtly $80 per barrel and that the worl

Suppose that the world price of oil is roughtly $80 per barrel and that the world demand and total world supply of oil equal 34 billion barrels per year (bb/yr), with a competitiv…

Suppose that there are 1 million federal workers at the lowest level of the fede

Suppose that there are 1 million federal workers at the lowest level of the federal bureaucracy and that above them there are multiple layers of supervisor and supervisors-of-supe…

Suppose that there are 10 million workers in Canada, and that each worker can pr

Suppose that there are 10 million workers in Canada, and that each worker can produce either 2 cars or 30 tonnes of wheat in a year. (a) What is the opportunity cost of producing …

Suppose that there are 100 legislators in a bargaining situation, splitting a pi

Suppose that there are 100 legislators in a bargaining situation, splitting a pie of size 1. Player 1 proposes a split between the 100 players, including himself (in any continuou…

Suppose that there are 2 types of workers in the economy, low and high ability o

Suppose that there are 2 types of workers in the economy, low and high ability ones. The fraction of low ability workers in the population is q. Low ability types have productivit…

Suppose that there are 20 identical firms in the bolt-making market, a perfectly

Suppose that there are 20 identical firms in the bolt-making market, a perfectly competitive market. Each firm has short-run total cost function TC(q) = 16 + q2, where q is the an…

Suppose that there are 50 identical firms in a perfectly competitive industry. T

Suppose that there are 50 identical firms in a perfectly competitive industry. The minimum average total cost for each firm in this industry is $100, which is reached at an output…

Suppose that there are 80 firms in a market, each with the following cost functi

Suppose that there are 80 firms in a market, each with the following cost function: C(q) = 100 + 4q^2 A.) Derive the short-run market supply curve. B.) Suppose the market demand i…

Suppose that there are no excess reserves in the banking system and the current

Suppose that there are no excess reserves in the banking system and the current amount of checkable deposits are equal to $100,000. Now the monetary authorities raise the required…

Suppose that there are only three types of fruit sold in the United States. Annu

Suppose that there are only three types of fruit sold in the United States. Annual sales are 1,000,000 tons of blueberries, 5,000,000 tons of strawberries, and 11,000,000 tons of …