1. In May 2017, currency held by individuals and businesses was $1,469 billion; traveler's checks were $2 billion; checkable deposits owned by individuals and businesses were $2,034 billion; savings deposits were $8,958 billion; time deposits were $355 billion; and money market funds and other deposits were $1,746 billion. Calculate M1 and M2 in May 2017.

Q: warranty expired after 3 years of ownership. The cost of periodic mainten $800 every 2 years. If the…

A: First we compute Calculate the present worth of the repair and maintenance. Second we compute…

Q: Ireen wants to give her daughter Loaura a financial gift on the latter’s college graduation two…

A: As per the given information Present invested = 2000 Future worth = 5000 Interest compounded…

Q: if the market price is $18 and the firm chooses to produce the quantity you already selected. Tool…

A: Profit maximisation is a process business firms undergo to ensure the best output and price levels…

Q: For a cost-effective approach to recycling in an industry, its necessary for firms with low…

A: Recycling costs and rates of cycling are interlinked to each other.

Q: 2. Portray the trend of "XXX" short-term debt since 2007 in the form of a graph. You may select the…

A: Answer: Short term debt: short term debt refers to the financial liabilities that have to be paid…

Q: Consider the market for lead batteries. Market demand is described by the inverse demand curve, P =…

A: Market demand is described by the inverse demand curve which is given as:- = P = 200 - 2Q  where P…

Q: Average Income of Bank Customers Average Income of Bank Customers per Region 35k 30k 25k 20k 15k I…

A:

Q: 1) Which of the following best describes the multiplier effect A an initial increase in interest…

A: We will answer the first question since the exact one was not specified. Please submit a new…

Q: impacts of marginal utility. Imagine that you are a seller of phones: How can you increase the…

A: Marginal Utility: When an individual consumes something then by consuming the extra amount of goods…

Q: Find the present value of $750 to be paid four years from now when the prevailing interest rate is…

A: Present value (PV) is the current value of a future sum of money or stream of cash flows given a…

Q: Mobile internet provider knows that there are two types of users with 1000 users of each type. Type…

A: Given that; There are two type of users Type A and Type B For Type A q1=q(p)=100-2p For Type B…

Q: strial union can obtain a wage higher than the competitive level and achieve higher total employment…

A: Industrialised unions work in the favour of the labour. Such unions bargain with the management to…

Q: The following table gives nominal and real GDP for an economy for two years. Year 1 Year 2 1540.0…

A: Ans. The value of the GDP deflator in the country is the ratio of the Nominal GDP and Real GDP…

Q: Figure 8-1 PO P" Price J K L M 75 Supply Demand P N Quantity Refer to Figure 8-1. Suppose the…

A: Consumer Surplus is the area above the price line and below the demand curve. It is the difference…

Q: O Price level increases, GDP increases O Price level increases, GDP decreases O Price level…

A: Stimulate package is announced by the government to combat the recessionary pressures.  The…

Q: 3) Suppose a monopolist produces a product in two factories. Demand for the product is given by the…

A: Given; Demand function; P=200-QT  QT=QA+QB where:- QT is quantity sold.  P is selling price. Total…

Q: = - 5. In a recent strategy meeting, the Chief Operating Officer (COO) had asked you to report on…

A: Profit = TR - TC Profit for Firm 1: P1 = q1(125 - 0.25q1 - 0.25q2) - q12 P1 = 125q1 - 0.25q12 -…

Q: Components Wages and salaries Rent, dividend & interest Companies profits Depreciation Transfer…

A:

Q: Q7

A: The total revenue will increase or decrease it depends on the elasticity of demand and the direction…

Q: Briefly define economic growth

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: 3. The components of marginal revenue Manuel's Fire Engines is the sole seller of fire engines in…

A: Demand curve shows a negative relationship between price and quantity demanded. Decrease in price…

Q: The initial investment in the equipment needed for the project is $50,000 for a duration of 10…

A:

Q: The graph shows the market for pesticide. The firm that produces the pesticide dumps waste into a…

A: In economics, market equilibrium is a situation in which economic forces such as supply and demand…

Q: Assume a firm is a monopsonist that can hire its first worker for $6 but must increase the wage rate…

A:

Q: Assume the demand function for good X can be written as: QX = 30 - 3PX + 2PY + 0.2I Where PX…

A: In economics, a demand curve is a graph depicting the relationship between the price of a certain…

Q: Third degree price discrimination is the same as O personalized pricing. O personal discrimination.…

A: The measure that depicts charging different price levels for the same services or goods that are…

Q: d. Suppose an economy is in long-run equilibrium with aggregate demand and supply curves…

A: Economy is in long run AS curve shifts left i.e., supply decreases due to increase in oil prices…

Q: One of the mutually exclusive alternatives below must be selected Base your recommendation on…

A: The answer is given below

Q: The State of Florida is considering building a high-speed rail line from Orlando to Tallahassee that…

A: Given information State of Florida is constructing a high rail line. It requires to conduct cost…

Q: Draw and explain the Mundell-Fleming model for Country A: a small open economy with a floating…

A: Mundell-Fleming Model of country represents a simultaneous equilibrium in goods , money and forex…

Q: discuss causes of fluctuations of the kenyan external exchange rates

A: Since the fold of Breton Wood in 1973 various countries in the world embraced either skimming trade…

Q: 1) Consider a company that outputs 1,000 doohickies. The company's long-run production function is:…

A: Answer;

Q: 9. Regulating a natural monopoly Consider the local cable company, a natural monopoly. The following…

A: A monopoly firm will maximise profit at a point where marginal revenue is equal to marginal cost and…

Q: Monopolistically competitive firms in a market face the following demand and costs, where P is…

A: Given; Demand function; Q=200N-P                            P=200N-QTotal Cost; TC=8+Q2

Q: mplete the numbered boxes on the following table, by writing the word or words needed to accurately…

A: Answer -   Monetary Policies :- Monetary polices are the policies which has been controlled by the…

Q: Consider the following game, expressed in dollar terms: L R U $3,$2 $0.$1 D $1,50 $2,$1 (a) Suppose,…

A: Answer;

Q: Consider the table below: Q MC TR MR AR-P 0 0 0 10 1 900 900 1200 1200 $1200 2 1600 700 2100 SKOO…

A: The markets are the place where the buyers and the sellers tend to interact and meet with each…

Q: For example, the sticky-wage theory asserts that output prices adjust more quickly to changes in the…

A: Since in the short run the supply curve is directly proportional to the price level hence, The…

Q: Anton has the endowment (2 eggs, 2 yogurts), which he can trade on the market. If the price of eggs…

A: Anton has endowment (2 eggs, 2 yogurts) that he can trade on the market also Given that price of…

Q: 3. A monopolist movie streaming service has two kinds of movies in its library- Action (A) and…

A: An individual would consume the good only when he/she values the good more than the price of the…

Q: Second degree price discrimination is the same as group pricing. none of the other answers are…

A: In second-degree price discrimination, the producers do not exactly know the type of consumers hence…

Q: In a monopolist group pricing setting, the monopolist optimally charges. with a elasticity of…

A: Monopoly firm practises price discrimination to raise the level of profit. Price firm charges…

Q: Of the following countries, which is the most dependent on imported oil?   a. Japan   b. The…

A: petroleum-based industries portray a wide scope of regular hydrocarbon-based substances and refined…

Q: Actual GDP in a country is $100 billion and potential GDP is $150 billion. Prices are virtually…

A: According to question, The current GDP is $100 billion, while the potential GDP is $150 billion.…

Q: A generator costs P 85,141 if paid in cash. On installment plan, a buyer should pay P 30,001…

A: Answer; Semi annual payment =P 8783.80

Q: in which two firms compete. Firm 1 faces TC1(Q) = 18Q and firm 2 faces TC2(Q) = 9Q. Suppose that…

A:

Q: There are two consumers and two goods (A and B) in a competitive economy. At the competitive…

A: Individuals (consumers) directly involved in the acquisition, use, and disposal of economic goods…

Q: Construct a 95% confidence interval for the average value of y for the following data. Use x = 25,…

A:

Q: 5. Given the following cost expenditures (see Table P6.3) for a small bridge job to include direct…

A: The overall funding requirement is defined as the cost stated in the cost baseline. Also included…

Q: Components Wages and salaries Rent, dividend & interest Companies distributed profits Companies…

A:

Required Reserve and Excess Reserve Analysis

A required reserve is an amount of cash that banks must keep with themselves, which is certain percentage of the deposits made by their customers. Required reserve is a percentage of the bank's deposits that the respective bank must have on each overnight. The percentage rate is set and determined by the nation’s central bank. It is important to have such funds accumulated to meet its uncertain obligations, sudden liabilities and withdrawals. Required reserve is also known as reserve ratio. Reserve ratio is an important tool to control the money supply.