38. Investments in human capitaldo not include ...1. The cost of education2. Expenses for professionaltraining of a person3. The cost of creating jobs4. The medical costs of the person39. How can the monetaryaggregate L be represented?1. MO + checking deposits +demand deposits2. M1 + small term deposits3. M2 + large term deposits4. M3 + securities (governmentbonds) 40. The situation where a largenumber of workers with the samequalifications offer their work to alarge number of competing firmsin the labor market is called...1. Completely competitive labormarket2. The monopsony3. Monopoly4. Oligopoly41. Under what conditions does thecompany's profit becomemaximum?1. TR>TC2. MR > MC3. TR=TC4. MR = MC.42. In determining GDP by theexpenditures it does not include ...1. Consumer spending2. Gross private domesticinvestment" 3. Wages of employees4. Government expenditures

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38. Investments in human capital do not include ... 1. The cost of education 2. Expenses for professional training of a person 3. The cost of creating jobs

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Consider an economy in which the demand for money is of the formMt =(1/v) PtYfor t = 0, 1, 2, · · · , where output is 150, the money velocity is 1.5. The money supplyis 100 for t = 0, 1. In period 2, the central bank surprises people and announcethat money supply will grow at 2 percent forever, that is, M0 = 100, M1 = 100,M2 = (1.02)M1, M3 = (1.02)M2, and so on a. What is the inflation rate in period 1, π1? What is real money balance in period 1, M1 / P1? What is the expected inflation in period 2, given the informationavailable in period 1, E1π2? b. What is the inflation rate in period 2, π2? What is real money balance inperiod 2, M2/P2? What is expected inflation in period 3, given the informationavailable in period 2, E2π3? c. 4. Compare E1π2 and π2.
Consider an economy where the monetary base is equal to $3,500 million. People hold onequarter (1/4th ) of their money in the form of currency and the remainder as bank deposits. Banks have a reserve-deposit ratio of 0.25 . a. What is the nation's money supply equal to? b. One day, COVID emerges as a public health emergency and people are forced to stay at home. As a result, people now hold only 1/8th of their money in the form of currency (and the remainder as bank deposits.) If banks maintain their reserve-deposit ratio of 0.25 and central bank does nothing, what is the new money supply? c. If, in the face of this crisis, the central bank wants to conduct an open market operation to keep the money supply at its original level, does it buy or sell government bonds? Calculate, in dollars, how much the central bank needs to buy/sell.
10 - Which of the following depends on the demand for money, which we say just in case and for this purpose?A) IncomeB) to KeynesC) to the economyD) to interestE) Investment
The next Monetary Policy will take place after 50 days and discount rates are expected to increase by 50bps. In this case, the Money Market dealer should take exposure in which of the following and why? 1) 3-Months T-Bills 2) 3-Months TDR 3) 60-days TDR
Suppose that the Price level = 115, Supply of Money = $60 billion, and Real GDP = $12 billion. What does the velocity of money equal? Select one: a. 30 b. 23 c. 20 d. 18 e. 15
1. Suppose a country A’s nominal GDP in 2019 is $15 trillion, and the consumer price index in 2019 is 200. A’s nominal GDP in 2018 is $10 trillion, and the price index in 2018 is 190. What is the nominal GDP growth rate, real GDP growth rate, and inflation rate in 2019? 2. Suppose an economy in which real GDP is 1000, the velocity of money is 10, and the quantity of money (M1) is 1500. How much will the price level change if the velocity of money rises to 12?(Hint: think about the equation of exchange).
Suppose growth rate of Real GDP is 6% and the growth rate of velocity is 3%. IfBangladesh Bank wants to have a 5 % inflation rate, what should be the growth rate ofmoney supply according to the predetermined-money-growth-rate-rule? If BangladeshBank increases money supply at a rate that is higher than the rate you found in parta, what will be the impact of that higher than required money growth?
Which of the following would indicate that the dollar amount being analyzed is money? a. M1 money stock of $1.4 trillion at the end of 2010 b. The first quarter of 2002 c. Microsoft profits of $500 billion in 2010 d. Nominal GDP in 2010 of $14.7 trillion
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2. Inflation can cause increased wealth inequality through the Cantillion Effect. Es-sentially, this means that expansionary monetary policy benefits those who are initially given new money (usually those who are rich and well-connected), while the rest of the population suffers the effects of inflation. Using the quantity theory of money, explain why this is the case.
1- If an income elasticity of money demand is 3/4 and income increase 8%, by about how much does the price level change? 2- If real GDP is $4billion, the price level is 1.25 and the nominal money stock is $500 million then velocity is? 3- Suppose velocity is 3, real output is 900 and the price level is 1.5 what is the level of real money demand in this economy? 4- If the interest elasticity of money demand is -0.1 by what percent does money demand change if the nominal interest rate rises from 2% to 3%?
30 - The demand for money, which we say just in case, depends on which of the following?A) For transaction purposesB) InvestmentC) to speculateD) IncomeE) to interest