How is it necessary for a nation with a fixed exchange rate and open financial markets to renounce its independence in terms of monetary policy

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A: A monotonic transformation of a utility function is a transformation in which. the ranking of the…

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A: Introduction Oligopoly is a form of market where the existed number of firms is more than 2 and less…

Q: Compare and contrast the four types of economic systems. Write 3-5 sentences

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Q: 5

A: The movement of a person or people from one nation, locality, place of residence, etc., to settle in…

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Q: An economy is in equilibrium. Find Marginal Propensity to Consume from the following: National…

A: The provided information are: National income (Y) = 2000 Autonomous consumption (a) = 400 Investment…

Q: Differentiate between dual-career couples and dual-earner couples

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A: A competitive market is a structure where no single consumer or producer has the ability to…

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A: Marginal cost, also known as the incremental cost refers to the increase or decrease in the cost of…

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Q: To encourage people to stop smoking the government of a country introduces an indirect tax of 20% on…

A: Cigarettes is health hazardous product and smoking also pollute the environment and self harming…

Q: Uppose the Fed reduces the money supply by 5%. For simplicity, assume in cky (so draw AS with f-0)…

A: Introduction As cash supply diminishes, less cash will be accessible in the economy and less cash…

Q: Asymmetric information and/or imperfect information can cause two forms of market failure: 1)…

A: Adverse Selection in economics refers to that phenomena when in any transaction between two people ,…

Q: Please answer fast

A: Given, Autonomous consumer spending = $200 billion. Autonomous investment spending = $100 billion.…

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A: When UK plays the strategy "impose trade restrictions on US" then US have the following strategies…

Q: 24 20 16 12 8 4 0 048 12 16 20 S Od) be zero 24 Q 19. Considering only Demand, if the price is…

A: Price times quantity gives the total revenue from a commodity.

Q: When the official dollar price of a foreign currency is set below its

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Q: 3. In the following diagram, the price of Good Y has decreased. What type of good is Good Y? Sood Y…

A: A normal Good is that good which have inverse relationship between price of the given good and the…

Q: Countries that have good financial intermediaries: have savings that are used less effectively.…

A: In most cases, financial intermediates function as middlemen in transactions involving banks or…

Q: How do pricing constraints affect price setting?

A: Pricing constraints are those factors that hold you back from having unbending nature in your…

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Q: Continuing with the Table of Certificate Programs, complete the calculations for Total Revenue by…

A: Total Revenue = Price × Quantity   In this given that numbers of customer and prices of different…

Q: In no less than 300 words, explain how banks can create money.

A: The term commercial bank alludes to a monetary foundation that acknowledges stores, offers financial…

Q: If the inverse demand function is P=10-Q and total cost is C=2Q, what is the optimal fixed cost to…

A: Demand and supply  In perfect market competition the optimum quantity is produced where the demand…

Q: When an economy goes into a recession (a decline in GDP) government savings usually Select one: a.…

A: Reccession means slowing down of business and economic activities in the economy. This means less…

Q: the long run, if an economy's consumption spending is $5 trillion, its planned investment = $2…

A: Budget deficit is the difference between income and expenditure of government.

Q: The break-even revenues would be as follows if real sales are $50,000, variable costs are $15,000,…

A: The revenue in US dollars on which a corporation does not turn a profit is known as break even…

Q: Mr. Chang uses his income to purchase burritos and toothpaste. is $6. Based on given Figure, Mr.…

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Q: For an economy in which there is no technological progress, explain what must happen for the steady…

A: Steady State is defined as an equilibrium growth path in Solow Model where the variables tend to…

Q: #8

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Q: Despite providing the benefit of employment flexibility in some economies, a sizable informal sector…

A: An economy is a network of interconnected production and consuming activities that ultimately…

Q: rr = required reserve ratio = 0.15 C = currency in circulation = R200 billion D = checkable deposits…

A: Given  required reserve ratio = 0.15 currency in circulation = R200 billion checkable deposits =…

Q: If bundle A is weakly preferred to bundle B,bundle B is strictly preferred to bun dle C, and bundle…

A: A Bundle(X,Y)  is weakly preferred means Bundle X is as least as good as bundle Y, on the other a…

Q: What is "The Effects of the Epidemic on Costs of Living between Several Family Income" study's…

A: Introduction, Even by end of 2021, Covid-19 will have cost countries an estimated US$11 trillion.…

Q: Choose the incorrect statement from the following: tion Select one: O a. Producer surplus is the…

A: Producer Surplus refers to the difference in the price at which a seller is willing to provide a…

Q: Explain why in the long run perfect competitive firms can only break even.

A: Perfect competition refers to the market where homogeneous products are produced. An individual firm…

Q: The notion of outsourcing has been highly controversial for several decades.Why?

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Q: Illustrate and explain how the short-run supply curve of a price-taking firm is determined.

A: In a price taking firm, the demand curve is a straight line parallel to x axis which is equal to…

Q: A country has $100 million of net exports and $170 million of saving. Net capital outflow is O A.…

A: In a open economy, at the equilibrium leakages are always equal to injections. Leakages are the…

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A: The future worth of numerous alternatives will be computed in the future worth method of alternative…

Q: What would be the effect of an increase in money supply on aggregate demand, GDP and inflation ? Use…

A: As per Keynesians, an increase in the money supply will a. decrease the loan cost, and increase…

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A: First cost of machine alpha = $500,000 Maintenance costs for machine alpha = $15000 per year…

Q: Describe, with a diagram, what a Marginal Abatement Cost Curve shows and how it can be used for…

A: Abatement cost and Marginal abatement costs:- These costs are the price of removing undesired…