The New York Times recently purchased the popular word game Wordle…
The New York Times recently purchased the popular word game Wordle for more than $1 million. Before the purchase the game was offered for free. There is speculation that the New York Times may soon begin charging a fee to play the game. What kind of good is Wordle? Take a look at Figure 1 […]
Explain whether each of the following is counted in the M1 measure…
Explain whether each of the following is counted in the M1 measure of the money supply: Cash that you have been saving from birthdays and special occasions. Money in your savings account at your credit union. Money in your checking account at your credit union. Visa gift cards. Available balance on your American Express card. […]
Which of the following best describes how the Federal Reserve might…
Which of the following best describes how the Federal Reserve might use the current ample reserves framework to reduce inflation during an expansion to achieve its low and predictable levels of inflation objective? Buy Treasury securities in the open market to increase the FFR. Sell Treasury securities in the open market to decrease […]
What is the process by which the free market economy determines…
What is the process by which the free market economy determines what goods and services should be produced? And how do non-free market economies decide which goods to produce? In general, what are the differences between market and centrally planned economies? You can contrast free-market economies like the USA with command economies such as China, […]
You are a single taxpayer and your annual income is $175,000….
You are a single taxpayer and your annual income is $175,000. Marginal tax rate is 28%. Calculate the total taxes that you owe the federal government for the year. Also calculate your average tax rate (ATR). How does it compare with the marginal tax rate in your income tax bracket? What is the reason for […]
Classical economists belief that prices and quantities adjust to…
Classical economists belief that prices and quantities adjust to the changes in the forces of supply and demand and that the economy produces its potential output in the long run. On the contrary, Keynesian economists believe because of price and wage rigidities the economy’s equilibrium output in the long run may be less than its […]
Classical economists believe that prices and quantities adjust to…
Classical economists believe that prices and quantities adjust to the changes in the forces of supply and demand and that the economy produces its potential output in the long run. On the contrary, Keynesian economists believe because of price and wage rigidities the economy’s equilibrium output, in the long run, may be less than its […]
After reviewing your chapters and watching the video below, answer…
After reviewing your chapters and watching the video below, answer the questions presented. Economic Schools of Thought: Crash Course Economics #14 Duration: 10:05User: n/a – Added: 11/6/15 https://www.youtube.com/watch?v=tZvjh1dxz08 Questions: 1. Economists believe in the “Long-run neutrality of money”; what does that mean? If monetary policies help in the short run but do not help in the long […]
Explain the difference between Taste-Based Discrimination and…
Explain the difference between Taste-Based Discrimination and Statistical Discrimination, and discuss how policies to address discrimination may be different if discrimination is primarily Taste-Based Discrimination vs. Statistical Discrimination.
The concept of scarcity applies to our everyday lives. Give an…
The concept of scarcity applies to our everyday lives. Give an example of a scarce resource as it applies to you and how you would efficiently allocate this resource among competing needs. Express your opinion here and post your comments as often as possible
