Economics

Consider an economy in which people wish to hold bank checking deposits worth a

Consider an economy in which people wish to hold bank checking deposits worth a total of 5 million goods and currency worth 2 million goods in every period. In addition there is a…

Consider an economy in which people wish to hold bank checking deposits worth a

Consider an economy in which people wish to hold bank checking deposits worth a total of 5 million goods and currency worth 2 million goods in every period. In addition there is a…

Consider an economy in which people wish to hold bank checking deposits worth a

Consider an economy in which people wish to hold bank checking deposits worth a total of 5 million goods and currency worth 2 million goods in every period. In addition there is a…

Consider an economy in which people wish to hold bank checking deposits worth a

Consider an economy in which people wish to hold bank checking deposits worth a total of 5 million goods and currency worth 2 million goods in every period. In addition there is a…

Consider an economy in which people wish to hold bank checking deposits worth a

Consider an economy in which people wish to hold bank checking deposits worth a total of 5 million goods and currency worth 2 million goods in every period. In addition there is a…

Consider an economy in which people wish to hold bank checking deposits worth a

Consider an economy in which people wish to hold bank checking deposits worth a total of 5 million goods and currency worth 2 million goods in every period. In addition there is a…

Consider an economy in which people wish to hold money balances worth a total of

Consider an economy in which people wish to hold money balances worth a total of 5 million goods. They are indifferent between money issued by the central bank and money issued by…

Consider an economy in which taxes, planned investments, government spending on

Consider an economy in which taxes, planned investments, government spending on goods and serves, and net exports are autonomous, but consumption and planned investments change as…

Consider an economy in which taxes, planned investments, government spending on

Consider an economy in which taxes, planned investments, government spending on goods and services, and net exports are autonomous, but consumption and planned investment change a…

Consider an economy in which the consumption function takes the following simple

Consider an economy in which the consumption function takes the following simple algebraic form: C 300+ 0.75DI. Taxes are foxed at $1,200 and other numbers are as given in the fol…

Consider an economy in which the consumption, investment and production function

Consider an economy in which the consumption, investment and production functions are as follows C 10+0.8(Y-T) 1-40-2.5r FKL) K1/3L2/3 Suppose government spending is 20, taxes equ…

Consider an economy in which the following activities occur during a given year:

Consider an economy in which the following activities occur during a given year: A steel company pays its workers $95,000 to mine iron ore and process it into 1000 kilograms of st…

Consider an economy in which the following activities occur during a given year:

Consider an economy in which the following activities occur during a given year: (Total 10 points) A steel company pays its workers $95,000 to mine iron ore and process it into 10…

Consider an economy in which the marginal product of labor MPN is MPN = 309 – 2N

Consider an economy in which the marginal product of labor MPN is MPN = 309 – 2N, where N is the amount of labor used. The amount of labor supplied, NS, is given by NS = 22 + 12w …

Consider an economy in which the marginal propensity to consume is 0.8 and GDP i

Consider an economy in which the marginal propensity to consume is 0.8 and GDP is currently at 12,000. a) The government wishes to increase GDP to 13,000, and it is considering ch…

Consider an economy in which there is initially one firm, HealthyBran, in the ma

Consider an economy in which there is initially one firm, HealthyBran, in the market for breakfast cereal. A new firm, TastyCereal, is deciding whether to enter the market, which …

Consider an economy in which there is initially one firm, HealthyBran, in the ma

Consider an economy in which there is initially one firm, HealthyBran, in the market for breakfast cereal. A new firm, TastyCereal, is deciding whether to enter the market, which …

Consider an economy in which there is initially one firm, HealthyBran, in the ma

Consider an economy in which there is initially one firm, HealthyBran, in the market for breakfast cereal. A new firm, TastyCereal, is deciding whether to enter the market, which …

Consider an economy operating below its full-employment output level. The govern

Consider an economy operating below its full-employment output level. The government wants to enact a reduction in income taxes in an effort to restore the economy to full-employm…

Consider an economy populated by Farmer Freddy, Baker Betty, and a bunch of cons

Consider an economy populated by Farmer Freddy, Baker Betty, and a bunch of consumers. Farmer Freddy and Baker Betty each own their respective businesses, so they keep all of thei…

Consider an economy that consists of two regions – the East and West. The elasti

Consider an economy that consists of two regions – the East and West. The elasticity of labor demand in each region is –0.5. The economy-wide labor supply is perfectly inelastic. …

Consider an economy that has 100,000 people who are 16 years old or older. Of th

Consider an economy that has 100,000 people who are 16 years old or older. Of this group, 2,000 are currently in the military, 1,000 are homemakers, 10,000 are retired, and 14,000…

Consider an economy that has accumulated a public debt of $1250 billion over the

Consider an economy that has accumulated a public debt of $1250 billion over the period of its history through the end of fiscal year 2004. In fiscal year 2005 government spending…

Consider an economy that has two banks with the following information: East Bank

Consider an economy that has two banks with the following information: East Bank: $1600 cash $15,000 DD $2200 Deposit in the Fed $1300 US government bonds West Bank: $600 cash $10…

Consider an economy that initially has a labor force of 2000 workers. Of these w

Consider an economy that initially has a labor force of 2000 workers. Of these workers, 1900 are employedand each works 40 hours per week. Ten units of output are produced byeach …

Consider an economy that initially has labor force of 2000 workers and a working

Consider an economy that initially has labor force of 2000 workers and a working age population of 2500. Of these workers, 1800 are employed. The economy entersa recession. Employ…

Consider an economy that is currently in a recessionary gap and potential output

Consider an economy that is currently in a recessionary gap and potential output exceeds actual output by $500 billion. The marginal propensity to consume (MPC) in this economy is…

Consider an economy that produces and consumes apples and oranges. In the table

Consider an economy that produces and consumes apples and oranges. In the table below are data for two different years. 5. Price of Apples (per Price of Oranges (per kg) Apples Pr…

Consider an economy that produces and consumes bread and automobilies , In the f

Consider an economy that produces and consumes bread and automobilies , In the following table are data for two different years a)Using the year 2000 as the base year ,compute the…

Consider an economy that produces and consumes only three goods, hot dogs, Volle

Consider an economy that produces and consumes only three goods, hot dogs, Volleyballs and shorts. We have the following information on the prices and quantities of these goods in…

Consider an economy that produces and consumes only three types of fruit: apples

Consider an economy that produces and consumes only three types of fruit: apples, oranges and bananas. In 2009 and 2010, the production/consumption and price data were as follows:…

Consider an economy that produces and consumes only three types of fruit: apples

Consider an economy that produces and consumes only three types of fruit: apples, oranges and bananas. In 2009 and 2010, the production/consumption and price data were as follows:…

Consider an economy that produces only chocolate bars and trail mik. The product

Consider an economy that produces only chocolate bars and trail mik. The production and prices in each of the three years are represented in the following table. Assume yoar 1is t…

Consider an economy that produces only chocolate bars. In year 1, the quantity p

Consider an economy that produces only chocolate bars. In year 1, the quantity produced is 3 bars and the price is $2. In year 2, the quantity produced is 5 bars and the price is …

Consider an economy that produces only chocolate bars. In year 1, the quantity p

Consider an economy that produces only chocolate bars. In year 1, the quantity produced is 3 bars and the price is $4. In year 2, the quantity produced is 4 bars and the price is …

Consider an economy that produces only three types of fruit: apples, oranges and

Consider an economy that produces only three types of fruit: apples, oranges and bananas. In the base year (a few years ago), the production and price data were as follows: Fruit …

Consider an economy that produces only three types of fruit: apples, oranges, an

Consider an economy that produces only three types of fruit: apples, oranges, and bananas. In the base year (a few years ago), the production and price data were as follows: The M…

Consider an economy that produces only three types of goods: computers, oranges,

Consider an economy that produces only three types of goods: computers, oranges, and opera tickets. Below are the data on production and prices for 2014 (the base year) and 2015: …

Consider an economy that uses two factors of production, capital ( K ) and labor

Consider an economy that uses two factors of production, capital (K) and labor (L), to produce two goods, good X and good Y. In the good X sector, the production function is X = 4…

Consider an economy that uses two factors of production, capital (K) and labor (

Consider an economy that uses two factors of production, capital (K) and labor (L), to produce two goods, good X and good Y. In the good X sector, the production function is X = 4…

Consider an economy that uses two factors of production, capital (K) and labor (

Consider an economy that uses two factors of production, capital (K) and labor (L), to produce two goods, good X and good Y. In the good X sector, the production function is X = 4…

Consider an economy that uses two factors of production, capital (K) and labor (

Consider an economy that uses two factors of production, capital (K) and labor (L), to produce two goods, good X and good Y. In the good X sector, the production function is X = 4…

Consider an economy where each representative agent lives two periods. In each p

Consider an economy where each representative agent lives two periods. In each period t, there are N_t young individuals and N_t-1 old individuals, where Nt/Nt 1 = 1. Each young i…

Consider an economy where the quantity theory of money holds. Suppose the govern

Consider an economy where the quantity theory of money holds. Suppose the government has the following budget constraint: PtGt = Tt + B+ M where PtGt is nominal government spendin…

Consider an economy where two goods, x and y can be produced using machines, k,

Consider an economy where two goods, x and y can be produced using machines, k, or workers, l. There are a total of 100 workers and 120 machines in the economy (L ¯ = 100, K ¯ = 1…

Consider an economy where, consumer’s utility function is given as U(C,L)=C-(1/2

Consider an economy where, consumer’s utility function is given as U(C,L)=C-(1/2)L2 . where C is consumption and L is labor. The production technology is Y=(1.6)L-(1/2)L2. The tur…

Consider an economy whose key variables are modeled by the dynamic quantity theo

Consider an economy whose key variables are modeled by the dynamic quantity theory of money. Suppose money supply growth is currently at 4%, and output growth at full employment i…

Consider an economy with $10 billion in base money and a multiplier of 3. The mo

Consider an economy with $10 billion in base money and a multiplier of 3. The money supply is currently $10 billion × 3 = $30 billion. Now let’s say that the amount of money incre…

Consider an economy with a corn producer, some consumers, and a government. In a

Consider an economy with a corn producer, some consumers, and a government. In a given year, the corn producer grows 30 million bushels of corn ad the market price for corn is $5 …

Consider an economy with a growing population in which each person is endowned w

Consider an economy with a growing population in which each person is endowned with y1 when young and y2 when old. Assume that y2 is sufficiently small that everyone wants to cons…