Suppose you are the head of the central bank and your mandate is to maintain the price level at a constant value. Explain what you would do to the money supply in response to each of the following events: (a) Real GDP increases by 4% during a boom. (b) Real GDP declines by 1% during a recession. (c) Real GDP is growing at 3% per year. (d) The velocity of money increases by 2%. (e) The velocity of money declines by 1%. Jones, Charles I.. Macroeconomics (Fourth Edition) (p. 228). W. W. Norton
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Business, 22.06.2019 10:30
The rybczynski theorem describes: (a) how commodity price changes influence real factor rewards (b) how commodity price changes influence relative factor rewards. (c) how changes in factor endowments cause changes in commodity outputs. (d) how trade leads to factor price equalization.
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Business, 22.06.2019 21:30
What term is used to describe the outsourcing of logistics? a. shipper managed inventoryb. hollow logistics(smi)c. sub-logisticsd. e-logisticse. third-party logistics (3pl)
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Business, 22.06.2019 21:30
Suppose that alexi and tony can sell all their street tacos for $2 each and all their cuban sandwiches for $7.25 each. if each of them worked 20 hours per week, how should they split their time between the production of street tacos and cuban sandwiches? what is their maximum joint revenue?
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Business, 23.06.2019 12:40
On january 1, a company issued and sold a $398,000, 6%, 10-year bond payable, and received proceeds of $393,000. interest is payable each june 30 and december 31. the company uses the straight-line method to amortize the discount. the journal entry to record the first interest payment is:
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Suppose you are the head of the central bank and your mandate is to maintain the price level at a co...
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