The case talked about money, what type(s) of money islare mentioncd in the case? Bone money O Commodity money O Rat moncy and good money O Digital moncy O Commodity and fiat moncy
Q: Explain the differences between commodity money and fiat money. What are the major disadvantages of…
A: There is no concrete definition of money in economics. In economic terms, money is anything that…
Q: 1. The roles of money Tim wants to purchase a new computer and go to the Caribbean for spring break.…
A: Money acts as a medium of exchange and it acts to facilitate the sale and purchase of goods and…
Q: Show and explain the effects of an increase in Money supply in money market.
A: An increase in Money Supply is also termed as Expansionary Monetary policy. Suppose, the money…
Q: Recall that money serves three functions in theeconomy. What are those functions? How doesinflation…
A: Answer: Introduction: Money refers to the stock of assets that can be readily used to make…
Q: If a society chooses fiat money as its money form, it __________.
A: Fiat money:- Fiat money, also referred to as paper money, is a form of money that is not backed by…
Q: MslMs1 terest ate (%) 10% 8% 6% Md 100 200 Money (S million) 4. Refer to Figure 3. The money supply…
A: Increase in money supply will shift the money supply curve rightward. So, the money supply curve…
Q: Using appropriate example, explain any FOUR (4) the function of money. Note: no need hand writing
A: Money overcomes the difficulties that the barter system has created.
Q: > A Moving to another question will save this response. Question 18 Velocity of money depends on all…
A: Velocity of Money measures the rate at which money is exchanged in the economy. The formula is MY =…
Q: and buries the cash in his backyard. By how much will the bank have to reduce its loans? Calculate…
A: here we calculate the maximum amount of money supply may contract as follow:-
Q: What are two things that meet the criteria of the functions of mc ot necessarily be what you would…
A: *Answer: *2 Double Coincidence of Wants This is a scenario where a buyer wants to purchase a…
Q: The asset demand for money 'Da' is shown in the graph below. The transactions demand for money is…
A:
Q: Explain the terma future amount of money (F)?
A: Answer - Term future amount of money - Term future amount of money it is the growth or decline in…
Q: A) What is the notable insight of the Quantity Theory of money?
A: Ans. A. What is the notable insight of the Quantity Theory of money? The Quantity Theory of Money is…
Q: Use the following diagram to añswer Question #22. Figure 3, Money Supply and Money Demand We of eney…
A: Ceteris paribus: This often known expression means 'all those aspects remaining unchanged or…
Q: Explain the quantity theory of money
A: Many Keynesian economists continue to question the core premises of the quantity theory of money and…
Q: Explain the different forms of money in today's world a. commodity b. near money c. fiat money
A: Since you have provided multiple parts questions, we will solve the first three sub-parts for you.…
Q: mem Two 0 Foreign cumeney deposts of residents booked in Canada 2. Personal savings deposts t the…
A:
Q: With the aid of a well labelled diagram, carefully explain the impact on the money market if there…
A: When the gold is discovered then there exist higher gold reserves with the central authority. This…
Q: According to the quantity theory of money equation, if the government increased the money supply by…
A: The velocity of money is a measurement of the rate at which money is exchanged in an economy. Here,…
Q: The economy of Moneyland contains 5000 $1 bills. a. If people hold all money as currency, what is…
A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…
Q: with the aid of a well labelled diagram ,carefully expalin the impact on the money market if there…
A: The measure that depicts a general increase in levels of price in goods as well as services is known…
Q: Since Covid hit in 2020, the Federal Reserve created $6.5 trillion of new money. Currently bank…
A: Given information: Change in monetary base: $6.5 trillion Reserve requirements: 10% To find:…
Q: Using the money market, which process best explains what happens to the interest rate when income…
A: Money market determines the equilibrium interest rate where quantity of real money balances equals…
Q: The economy of Moneyland contains 5000 $1 bills. a. If people hold all money as currency, what is…
A: Quantity of money = Currency + Demand deposits
Q: When governments use monetary policies to make sure most citizens can find jobs, they are pursuing…
A: Federal Reserve has two mandates ie maintaining maximum employment and also achieving stable prices…
Q: Question 3 Velocity of Money is V=(PXY)/M V=(YXM)/M V=(PXY)/Y O V-Money/(PXY)
A: Velocity of money tell us the how much times a $ change hand in a given time frame.
Q: Total Demand (billions of dollars) Interest Rate (percent) 12% $200 10 400 8 600 6 800 4 1,000 1,200…
A: The following problem in relation to money demand and supply is answered as follows:
Q: COVID-19 has resulted in many persons being unable to work and has led to a decrease in economic…
A: The effect of COVID-19, has increased the unemployment in the economy as people are losing their…
Q: Write the equation and explain a. M2 and Broad Money
A: The supply of money covers all currency and savings, which can be accessed just as readily as…
Q: a) What is fiat money? What is commodity money? Which kind do we use?
A: Hey, thank you for the question, since there is multiple question posted, according to our policy we…
Q: Please answer .no handriting please.use word if can With the aid of a well labelled diagram,…
A: Meaning of Inflation: The term inflation refers to the situation under which there is an excessive…
Q: Show the incrose in money Supply on a Federal result uf the fesdler buy ing sos uerth of government…
A: Asset Liability Cash 40 Demand Deposit 200 Loan 160
Q: The Bring it Home Feature discusses the use ofcowrie shells as money. Although we no longer…
A: The term commodity money refers to different types of physical commodities which people use to…
Q: In the long run, a change in the money supply has
A: In the long run, an economy's output is determined by the amount of resources and the state of…
Q: Develop your concept that what will be the effect of inflation on money if it is not invested. Also…
A: Inflation is the monetary process, where the normal price level of a commodity, increments over the…
Q: Which od the following statement is true about money? -it makes markets more efficient than barter…
A: Money is something which has general acceptability in the market. Money was introduced due to…
Q: As per ……theory of money, money’s value is linked to its scarcity. Select one: a. Chartalist b.…
A: The Chartalist theory of money states that money is the basis for creation of governments which in…
Q: How does money overcome the problem of bottle system explain!
A: note:- I guess it is a barter system instead of a bottle system, so the answer below is based on how…
Q: Quantity Theory of Money se the quantity equation to fil in the blanks in the following table. Price…
A: Note: Since you have asked multiple questions, we will solve the first question for you. If you want…
Q: What effect would the discovery of gold that fuels inflation have on the money market? Illustrate…
A: In the mentioned question we are asked about the effects of the discovery of gold on fuels inflation…
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- WTO presented mitigation ways to counter the impact of covid 19 to the global tourism industry market, what are the priorities for tourism recovery mentioned? 2. What were the immediate steps taken by the Philippine DOT to counter the effect of the COVID 19 pandemic in the local tourism industry. 3. How do you understand this quote " THE FILIPINO SPIRIT will be THE DRIVING FORCE THAT WILL JUMPSTART THE NATION TOWARDS RECOVERY". 4. As per the seminar, domestic tourism or domestic travel market will be the first to recover post-pandemic. How is it so? 5. What were your personal takeaways/learnings from the webinar?Two political candidates are vying for town mayor,and the key issue is how much to spend onthe annual Fourth of July fireworks. Among the100 voters, 40 want to spend $30,000, 30 want tospend $10,000, and 30 want to spend nothing atall. What is the winning position on this issue?a. $10,000b. $15,000c. $20,000d. $30,0005. 7) Fifteen years ago, the town of Easton decided to increase its annual spending on education so that its high school graduates would be able to earn higher wages. Now Easton has asked you to evaluate the effectiveness of the spending increase. Their data show that before the spending increase, the average salary of recent high school graduated was $25,000 and that now the average salary has risen to $28,500. Fortunately for your analysis a neighboring community did not change its annual spending on education. In the other town 15 years ago high school graduates earned an average of $22,500, and now the average is $23,750. a) Use a differences-in-differences estimator to determine whether Easton’s spending increase potentially caused the wages of high school graduates to rise. b) What underlying assumption do you have to make in order for your estimate to be valid? What might cause that underlying assumption to not be valid?
- Review the numbers for Canada and Venezuelafrom Table 33.12 which describes how many barrelsof oil and tons of lumber the workers can produce. Usethese numbers to answer the rest of this question.a. Draw a production possibilities frontier for eachcountry. Assume there are 100 workers in eachcountry. Canadians and Venezuelans desire bothoil and lumber. Canadians want at least 2,000tons of lumber. Mark a point on their productionpossibilities where they can get at least 3,000tons.b. Assume that the Canadians specializecompletely because they figured out they havea comparative advantage in lumber. They arewilling to give up 1,000 tons of lumber. Howmuch oil should they ask for in return for thislumber to be as well off as they were with notrade? How much should they ask for if theywant to gain from trading with Venezuela? Note:We can think of this “ask” as the relative price ortrade price of lumber.c. Is the Canadian “ask” you identified in (b) alsobeneficial for Venezuelans? Use the…53. The Indiana University basketball team trails by twopoints with eight seconds to go and has the ball. Shouldit attempt a two-point shot or a three-point shot?Assume that the Indiana shot will end the game and thatno foul will occur on the shot. Assume that a three-pointshot has a 30% chance of success, and atwo-point shot has a 55% chance of success. Finally,assume that Indiana has a 55% chance of winning inovertime.Sadaam Hussein is deciding where to hide his weapons of mass destruction(WMD), while the United Nations is deciding where to look for them. Thepayoff to Hussein from successfully hiding WMD is 5 and from havingthem found is 2. For the UN, the payoff to finding WMD is 9 and from notfinding them is 4. Hussein can hide them in facility X, Y, or Z. The UNinspection team has to decide which facilities to check. Because the inspectors are limited in terms of time and personnel, they cannot check allfacilities.a. Suppose the UN has two pure strategies: It can either inspect facilitiesX and Y (both of which are geographically close to each other) orinspect facility Z. Find a Nash equilibrium in mixed strategies.b. Suppose the UN can inspect any two facilities, so that it has three purestrategies. The UN can inspect X and Y, X and Z, or Y and Z. Find aNash equilibrium in mixed strategies.
- Write a brief overview of the 1/6/2021 riot at the US Capitol. In your overview, include a description of what we, including law enforcement, know about the political attitudes of the rioters. Also address this question: No one distributed a formal survey to measure the political attitudes of the rioters, so how do people know the political attitudes of the rioters? Conclude by describing briefly, in your opinion, what the riots tell us about US political culture. You should use at least two (2) reputable sources for this assignment. Please upload as a typed, double-spaced, 12-point font, 500-word count Word document using MLA or APA citation style.To ensure safety and efficacy, the Food and Drug Administration regulates the medicines that pharmacies are allowed to sell in the United States. Sometimes this means a company must test a drug for years before it can reach the market. We can easily identify the winners. in this system as those who are protected from unsafe drugs that might otherwise harm them. Who ate the more anonymous losers who suffer from strict medical regulations?In what ways (it) company investments in research and development create positive externalities?
- Scenario DC street band, Spread Love, plays regularly on the corner of 15th St. and New York Ave, situated nicely in the heart of DC’s tourist district, near Lafayette Square and the White House. Employees in the nearby offices complain that the band is a nuisance and the noise distracts them from their work. Some offices and conference rooms in the buildings have been rendered unusable due to the noise. Employees have been forced to work wearing headphones or have brought in white-noise machines to drown out the music. The nearby law firm contacted the Secret Service and the DC police. However, the police determined that the band’s performances were legal. Question Are the street musicians imposing a negative or positive externality on the law firm and other employees in the area? To people and tourists walking by? To any other group not mentioned here? Economic theory suggests that in a private market, public goods will be under-produced. Does street music satisfy the characteristics…1. In the voluntary-contribution model considered in the lectures, the public good was national defense, and z was measured by the total number of soldiers. This total was in turn equal to the sumof the soldiers hired by both consumers, so that z = z1 + z2. We saw that the consumers acting alone hired too few soldiers, so that z was less than z*. Consider now the issue of voluntary contributions to a different type of public good: flood prevention. Imagine that two farmers cultivate land in a narrow valley next to a river. Each farmer builds a dike (i.e., an embankment) along his part of the river in order to prevent flooding during the rainy season. The height of farmer 1’s part of the dike (measured in feet) is z1, while the height of farmer 2’s part of the dike is z2. If farmer 1 wants to add extra height to his part of the dike, the cost is c for each extra foot of height added. The same cost applies to farmer 2. Since water comes over the dike at the lowest point, the flood…Suppose the administration of a University that is located a high-crime urban area mustdecide on a policy to increase policing on its campus. The student population is 10,500 students but iscould increase if crime is reduced. The cost of added policing in terms of additional salary and equipmentis estimated to be $2.4 million per year. Suppose the administration plans to make their decision with thehelp of a benefit cost analysis of the policy. VSL is $11.8 million a. Explain how the concept of Value of a Statistical Life might factor into a benefit cost analysis of thispolicy. b. How many lives would need to be save to justify the added policing costs if only prevented deathswere considered as the policy benefit? c. Suppose it is believed that student enrollment will increase in the future if crime on campus is reduced.Write a formula to calculate the present value of benefits of policing if student enrollment increases by4% each year.