ECON 4081 Problem Set Two 1 Money Supply = m x Monetary base m = (1+cr)/(cr + rr) a. cr = 1; rr = 0; MS1 = $1000 (2/1) = $2000 b. cr = 0; rr = 1; MS2 = $1000 (1/1) = $1000 c. cr = 0; rr = 0.2; MS3 = $1000 (1/0.2) = $5000 d. cr = 1; rr = 0.2; MS4 = $500 (2/1.2)= $5000/3 = 1666.67 e. Expected Money Supply = (1+10%) Money Supply a: MS’ = 1.1 MS = $2200‚ $2200 = 2 Monetary base’; Monetary base’ = $1100‚so monetary base should increase $100; b: MS’ = 1.1 MS = $1100‚ $1100 = Monetary
Premium Supply and demand Economics Inflation
What are the different types of unemployment? How do they affect the economy in terms of growth‚ labor force‚ and price of labor? Cite specific examples to support your response. What are the different types of unemployment? There are four types of unemployment: Structural unemployment – depends on the social needs of the economy and dynamic changes in the economy. Frictional Unemployment – caused because unemployed workers may not always take the first job they are offered because of wages
Free Unemployment
Microeconomics Week 4 Homework Chapter 6: #4 An explicit cost is the monetary payment a firm must make to an outsider to obtain a resource. An implicit cost is the monetary income a firm sacrifices when it uses a resource it owns rather than supplying the resource in the market. Say you owned a deli shop. Examples of explicit costs would be the salaries of your employees‚ the cost of the building (electricity‚ plumbing‚ etc.) and all the different ingredients and foodstuffs you need to
Premium Costs Economics Cost
This work of BUS 372 Week 5 DQs consists of: DQ1: Unions state that individuals should be free to join‚ yet then argue that those organizations represented by a union should enforce the agency shop. Illustrate why this is not a contradictory practice and is consistent with U.S. legal principles. Respond to at least two of your classmates’ postings. DQ2: Analyze and evaluate whether unionized organizations reduce the level of conflict between management and labor‚ or exacerbate this
Premium Trade union Law Management
1 Total unity is best defined by which of the following The total satisfaction received from consuming a particular amount of a product 2 Which best express the law of diminishing marginal unity? The less of a product is consumed‚ the greater is the marginal utility of the product 3 Refer to the above table. What is the marginal utility of the fourth unit? 80 4 If the total utility is increasing‚ then marginal utility: May either be increasing or decreasing‚ but it must be greater than zero
Premium Economics Costs Marginal cost
ECO 202 - WEEK 2 MEASURING MACROECONOMIC PERFORMANCE LECTURER: PHEH PIK TENG WEEK 2 – MEASURING MACROECONOMIC PERFORMANCE What is Gross Domestic Product (GDP)? • It is a measurement to determine the economic health of a country. • Economists take measurements of the economy to find out how the economy is doing. • GDP is the value of the aggregate production of goods and services in a country during a given time period. • It is the total market value of all final goods and services produced
Premium Economics Gross domestic product Macroeconomics
RUNNING HEAD: MARKET STRUCTURE Market Structure Denise M. Minor ECO 561 Week 3 Individual Assignment Professor John Lindvall November 11‚ 2010 Market Structure Thomas Money Services started out as a consumer finance company granting small loans for household needs. Over the years‚ the company expanded by issuing business loans‚ financing acquisitions and commercial real estate loans. The company also became involved in financing equipment through a subsidiary named
Premium Costs Marginal cost Economics
International Trade and Finance Speech Tracy Welle ECO/372 September 7‚ 2013 Paul Updike International Trade and Finance Speech The United States is known for its international trade. International trade allows the United States exchange goods and services. International trade plays an important role in the United States economy. A topic to cover is how imports and exports have an effect on businesses and consumers. The speech will cover the effects of international trade to GDP (Gross Domestic
Premium International trade Economics United States
International Trade and Finance Speech International Trade and Finance Speech Foreign exchange rates and International trade are important aspects of economics. The United States macroeconomy’s health is determined by these concepts and their factors. International Trade Exports and imports are what encompass international trade balance. When there are more exports over imports a trade surplus happens and when there are more imports over exports a trade deficit happens. A country will acquire
Premium International trade International economics
Microeconomics and the Laws of Supply and Demand Shenica Crosby ECO/365 November 10‚ 2014 REYNALDO CARATAO Microeconomics and the Laws of Supply and Demand Identify two microeconomics and two macroeconomics principles or concepts from the simulation. Explain why you have categorized these principles or concepts as macroeconomic or microeconomic. Supply and demand was affected by decreasing the rent to lower the vacancy percentage and maximize revenue for the company. This process is considered
Premium Supply and demand