Suppose the fed were to sell off $500 worth of used office furniture to private citizens. Explain why the money supply and bank reserves would decrease.

Q: Chatham Automotive purchased new electric forklifts to move steel automobile parts two years ago.…

A: EUAC or, Equivalent Uniform Annual Cost can be calculated by:EUAC = P(A/P, i %, n) - S(A/F, i %, n)…

Q: A B D F OD+E +F B+D+F E A+B+D S The above graph represents a market for apples. What is the producer…

A: Producer surplus is the area below price and above supply curve.  Consumer surplus is the area below…

Q: 42 percent of all people working in the United States are baby boomers, how many were working in…

A: Total Population 155 million (Assuming) baby boomer (2008) = 42% of all worker retire after 10 years…

Q: A manufacturer can produce 5,130 cell phones when a dollars is spent on labor and y dollars is spent…

A: Cost refers to all types of expenses that incur in the production process. It can be variable cost,…

Q: Using diagrams, discuss the following aspects of income inequality.   Draw two different Lorenz…

A: Income Inequality is a major problem in any country. People in a developing countries faces more…

Q: According to neuvoo (an online job search network), the average auto mechanic salary in Canada is…

A: The average compensation differential between working men and women is known as the gender pay gap…

Q: In class discussions about uncertainty we assumed that the utility levels in each state of nature…

A: Given information

Q: Use the figure below to answer the following question. Price $42 $15 $12 $11 $6 $2 36 40 Sux…

A: Consumer surplus is the area below demand curve and above price.  Producer surplus is the area below…

Q: In the long run, the economic profits in a monopolistically competitive industry tend to go towards…

A: Monopolistic competition is a market situation where there are numerous sellers of a specific item…

Q: A subsidy is the opposite of a tax, but it has precisely the same impact on a market, namely, it…

A: "A subsidy is the opposite of tax" because it gives some incentive to the firm or individual in form…

Q: With unemployment low and the inflation rate near the target level, when the coronavirus crisis was…

A: The cost of borrowing money will normally decrease if the federal funds rate decreases. For greater…

Q: It is hard to see how the euro can work for EU in the way the dollar has worked for The United…

A: The European union nations follow Euro as there single currency and have monetary policy…

Q: Consider a labor market where the matching function UV is given by H (U,V) = A, where A=0.5. U+V'…

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

Q: . If the backwards-induction outcome is denoted (a₁, R₂(a)), how do we denote the subgame-perfect…

A: Backward induction is a process of finding the sequence of optimal actions by reasoning from the end…

Q: Assume a constant marginal cost of $0.01/kwh for hydro and $0.09/kwh for natural gas given installed…

A: Marginal Cost for Hydro = $0.01 Marginal Cost for Natural Gas = $0.09 Interest Rate = 8.76% Amount…

Q: Match the definition with the term provided.

A: The above definitions are matched with respect to US financial system

Q: Suppose you have $100 to invest. You can hold it in cash, you can deposit it in some savings account…

A: Part 1 Option D is correct. The share of capital in the production function is estimated by…

Q: 6. A large number of new estate agents (with the same technology as existing firms) enter the…

A: perfect competition market is the structure of market where large numbers of buyers and sellers…

Q: 1. Conditions for monopolistic competition The following question asks you to analyze the…

A: In a market, which serves as a meeting place for interested parties, goods and services may be…

Q: FG Manufacturers wants to determine the effectiveness of their pricing decisions for their product…

A: Here, FG Manufacturer wants to determine the effectiveness of their pricing decisions for their…

Q: How does health disparities affect the labor market and money market

A: Health disparities are the prevalence of inequities in the burden of disease, harm, abuse, as well…

Q: This characteristic of money is the most important for explaining how and why money keeps and…

A: Money is an item accepted by general consent as a mechanism of economic exchange. It is the medium…

Q: Draw the normal form representation of this game.  Identify the key aspects of the game. b. Identify…

A: Game theory is the study of interactive decision-making, where the outcome of one player is…

Q: The demand and supply functions for two independent goods are given by 2D₁ = 400 – 5P₁ - 3P₂ and QD2…

A:

Q: 3.2 Practice Nar 1.) Using the Knaster Inheritance Procedure, describe a fair division for three…

A: A B C House 145000 149999 165000 Farm 135000 130001 128000 Sculpture 110000 80000 127000

Q: Explain any 4 costs that pollution control measures bring about in developing nations.

A: Pollution is a challenging problem at present for developed as well as developing nations. But,…

Q: Oliver gets an allowance of $100 this week and $112 next week. Let c₁ and c₂ be his consumption…

A: The combination of two goods which the consumer can buy from his given income is called  budget…

Q: Suppose you earn $50,000 per year and pay taxes based on marginal tax rates. The first tax bracket,…

A: A tax is a payment made by citizens to the government in exchange for the services it offers.A tax…

Q: According to the _____ model, everything else equal, countries with a larger population experience…

A: Since you have asked multiple questions, we are answering only the first question. To get solutions…

Q: Consider how the people in the United States benefit from trade. Explain how it affects people and…

A: International trade refers to the purchase and sale of goods and services between/ among different…

Q: Determine whether the scenarios below shift the short-run aggregate supply curve ("AS") or the…

A: Aggregate demand is the sum of Consumption, Investment, government spending and net export.  Any…

Q: E1 Kazakhstan is a “small” country that cannot affect world prices. Their demand for coffee is…

A: A closed economy is known for its trade situations when the nation is not involved in international…

Q: Assume a fixed MC across the two firms MCA = MCB = 4. Assume further that they both face a mark…

A: Firms under imperfect competition have varying degrees of control over the prices of the products…

Q: the year 2020, total number of employed was 1,600. There are 10 who were frictionally unemployed,…

A: Structural unemployment occurs due to shift in an economy, it occurs when there is mismatch between…

Q: binding (effective) price floor will

A: Here the  price floor is the minimum price that a producer should receive for its product. A binding…

Q: What is the real meaning of development

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

Q: The commercial banking system has excess reserves of $2,000. Then new loans of $20,000 are…

A: Reserve are the part of deposit that is kept out of deposit by the banks.  Multiplier is given by…

Q: Suppose the production function takes the form F(K, L) = The capital share is equal to: ⒸĀK 13 L L+K…

A: The change in production due to an increase in capital by one unit is known as MPK(marginal product…

Q: Billy is an economics student and can use a practice exam to test his knowledge. After one hour of…

A: The Law of diminishing marginal Utility communicates that negligible utility will in everyday…

Q: Consider the supply and demand schedules in this figure (Qd=10-2P, Qs=3P). In autarky, what is the…

A: The exchnage of goods and services across borders is known as the international trade. Under free…

Q: Consider maximising 8 - x2 - 4y2 + 2xy where where x ≥ 4. What y-value solves this maximisation…

A: We will use the Lagrange multiplier to solve the above equation given the constraint. Let Z = 8 - x2…

Q: According to the Congressional Budget Office's projections, real GDP in 2007 was marginally higher…

A: The inflation adjusted value of services and goods produced in an economy at a specified time period…

Q: If the absolute value of elasticity of demand for chocolate is 0.64 then the demand for chocolate is…

A: Price elasticity measures the change in quantity due to change in price.  Income elasticity measures…

Q: I have enough money to buy five regular priced CDs and $6 left over. However, all CDs are on sale…

A: Let the total amount of money be $x  let the cost of 01 CD be $y  from given -  x - 5y = 6 ——(1) 9y…

Q: In the long run, the total cost function will be: Selected answer will be automatically saved. For…

A: Long run is the time period where no inputs are fixed instead all inputs are variable.  In short run…

Q: Now assume we can derive an economic analysis from the biological relationship. Fisherman select the…

A: Revenue in Economics is the earnings that an entity earns from its normal business operations, it is…

Q: QUESTION 46 Ahypothetical economy has private savings of $6017, domestic investments of $1303, and…

A: Dear student, you have asked multiple questions in a single post. In such a case, I will be…

Q: what our Nation can do to help decrease the number of poor and homeless individuals and families?

A: A person or group is said to be in a condition or situation of poverty when they do not have the…

Q: By having such an influence on the economy, the Fed also indirectly affects your home's value and…

A: functions of Federal reserve are Conducting monetary policy – The federal reserve aims to conduct…

Q: What are the economic benefits of perfect competition compared to a monopoly?

A: When we talk about a perfect competitive market structure, we're talking about a market system where…