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According to the Fed, in August 2008 the money multiplier was 1.31, reserves were $44billion, and currency in circulation was 1.31. What was the money supply? Show your calculations.
Business Economics, Economics
The demand for salt is relatively price inelastic, while the demand for pretzels is relatively price elastic. How can you best explain why and elaborate your answer.
What is the best point estimate for the population's variance if the sample variance is 41.5? Round your answer to one decimal place, if necessary.
Uni-Trax Publishers allows its sales team to buy and sell shares that pay out $1 only if the sales in the future fall within a certain range. Suppose that, currently, shares for sales between 1,000 and 2,000 textbooks ar ...
Three mutually exclusive new designs for an aircraft engine are under consideration. The engine has a ten-year life. The first engine incurs a cost of $1.2 million for a net saving of $300,000 per annum as compared to an ...
You are given the sample mean and the population standard deviation. Use this information to construct the 90% and 95% confidence intervals for the population mean. A random sample of 44 gas grills has a mean price of ...
We have bottles of milk that have a mean of 20 oz and standard deviation of 0.02. What is the probability that a bottle would have a mean of more than 20.3 oz?
What is the usefulness of the total revenue test for price elasticity of demand? What are the factors that affect price elasticity of demand and price elasticity of supply? What are some applications of each?
In a survey of 400 adults that say traffic is a problem: East reported 36% is a problem, South 33% problem, Midwest 26% problem and West 55% problem. (a) The 95% confidence interval for the proportion from the West say t ...
Suppose that the government gives a $10 per unit subsidy to sellers of Humbugs. The pre-subsidy price of Humbugs was $50. There are no additional social benefits to encouraging the consumption of Humbugs. If, at the orig ...
Briefly explain what separations are, how do they effect the average duration of unemployment?
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Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate
Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p
Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As
Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int
Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As