Department of Economics University of California‚ Berkeley Fall 2012 Econ 182 Solutions Problem Set 8 Problem 1. Exchange Rates and International Transmission a. Suppose that the US engages in a monetary expansion. Since exchange rate is pegged to the US dollar‚ country X’s monetary authorities are forced to expand their money supply as well (recall that i = i* under FixER). Interest rates fall in country X‚ output expands‚ and of course the exchange rate remains unchanged. On the AA-DD diagram
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Review Problems#3 Question-1 Mark Goldsmith ’s broker has shown him two bonds. Each has a maturity of 5 years‚ a par value of $1‚000‚ and a yield to maturity of 12%. Bond A has a coupon interest rate of 6% paid annually. Bond B has a coupon interest rate of 14% paid annually. a. Calculate the selling price for each of the bonds. ANSWER: b. Mark has $20‚000 to invest. Judging on the basis of the price of the bonds‚ how many of either one could Mark purchase if he were to choose it over
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of this problem is to found the price charged by Peter. Firstly‚ the below table illustrate all P‚ TR‚ TC‚ MR and MC when there is different Number of member served (Q). No. of member served (Q) Price per member(P) Total revenue (TR) Total cost (TC) Profit Marginal revenue (MR) Marginal cost (MC) 1 400 400 190 210 400 190 2 380 760 380 380 360 190 3 360 1080 570 510 320 190 4 340 1360 760 600 280 190 5 320 1600 950 650 240 190 6 300 1800
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Nowadays unemployment is one of the biggest problems among all countries in the world. It is caused by many reasons and it is more complex than it may seem. People are mostly dissatisfied with their salaries. They feel they get not enough money for their work. As a result‚ they prefer to take unemployment benefits than take up any job. Another problem connected with unemployment is lack of workplaces. It happens when there are a lot of people interested for particular post. It demotivates and discourages
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Heat & Mass Lab 1: | | | 2/10/2011 2/10/2011 Executive Summary This experiment was conducted using a heat transfer unit. Many relationships were obtained and calculated from the observed results. To name a few; the log mean temperature difference‚ heat transfer coefficient‚ Reynolds‚ Nusselt and Graetz numbers. The main focus of this experiment is the heating and cooling of the oil fluid. This was achieved using the heating component in the heat exchanger and water flowing
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The Bathtub Period (Chapter 15‚ pp. 708 - 709) Case Study Questions: 1. Should Jerry go to the General Manager? Why or why not? Think back to what is expected of a project manager and the project charter. Answer – Given that the project was strategic in nature for the company‚ the loss of key personnel to other projects is a very big risk that could impact delivery and quality of the project. Also‚ Jerry and his team had really worked very hard to ensure that they make up the management reserve that
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the problem of induction? Introduction Inductive reasoning is the basis upon which we build our lives‚ thoughts‚ and knowledge. It is perhaps the cornerstone to all knowledge that we have ever gathered and use. However‚ is it rationally justified? Can we know that our method of inductive reasoning will lead us to a valid conclusion? The answer to this is surprisingly no. We will look closely at the problem of induction‚ and 20th century philosopher Karl Popper’s solution to this problem‚ and
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I think that the first thing that needs to be done to help combat world hunger is education. People in developed countries need to realize that hunger is a problem. As they always say‚ acceptance is the first step. However‚ this obviously won’t be fixing any problems. But I think first is to devise a way to limit our waste. We currently have so much food that is just thrown away. It’s inevitablethat not all food will be saved: some will be thrown away‚ but if we could utilize more of this food into
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challenges the true problem with Riordan ’s human capital is realized. The end-state goals will direct Riordan Manufacturing to improve human resource practices‚ which will give Riordan a sustained competitive advantage (Dreher & Dougherty‚ 2001). Situation Background Riordan Manufacturing is a global plastics producer employing 550 people with projected annual earnings of $46 million. The company is wholly owned by Riordan Industries‚ a Fortune 1000 enterprise with revenues in excess of $1 billion. Production
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Social Problem of the Industrial Age How was the Social Problem addressed during the Industrial Age (social movement‚ law‚ etc.)? Was the Social Problem addressed successfully? Be sure to support your opinion with evidence from the lesson or your research. Is the Social Problem still an issue today? How? Child Labor Social Reformers like Mother Jones addressed the fact of Child Labor This Social Problem was addressed Successfully‚ through groups and speakers‚ they talked to the public‚ addressing
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