Research one abolitionist and write a short essay describing how they fought to end slavery in America. What was popular sovereignty and how did it apply to slavery?

The consumer price index increases from 129.7 to 136.4. By how much percentage wise should your employer increase your wage if he wants to keep your purchasing power constant? Round to two decimal places and do not enter a % sign.

If the Federal Reserve were to purchase government bonds in the open market, we would expect interest rates in the economy to (increase/decrease)_______ and therefore spending in the future is likely to (increase/decrease)_______.

1. Suppose Leo Messi deposits $3,500 cash in the Humongous National Bank. The required reserve ratio in this economy is 12%.
   1. Fill out the blanks in the Humongous National Bank’s T-account to reflect this transaction. Assume that Humongous National did not have any previous deposits. Show your calculations.

Answer:   

Humongous National’s T-account:

2. As a result of Leo Messi’s deposit, what is the maximum amount (in $) that Humongous National can loan out?

Answer:   

3. Now, suppose that Humongous National loans the amount that you found in part b) to Ronaldinho Gaúcho.

Fill out the blanks in the Humongous National Bank’s T-account to reflect this transaction. Show your calculation.

Answer:   

Humongous National’s T-account:

4. As a result of this transaction, can Humongous National continue loaning out money using Leo Messi’s initial deposit of $3,500?

Answer: (circle the correct answer)   

YES     NO

5. Now, suppose that Ronaldinho Gaúcho deposits a loan from Humongous National Bank in the Financial National Bank. The required reserve ratio in this economy is still 12%. Assume that Financial National did not have any previous deposits.

Fill out the blanks in the Financial National Bank’s T-account to reflect this transaction.

Show your calculation.

Answer:

Financial National's T-account:   

Financial National’s T-account:

6. As a result of Ronaldinho’s transaction, what is the maximum amount (in $) that Financial National can loan out?

Answer:   

7. Now, suppose that Financial National loans $1,500 to Gianluigi Buffon.

Fill out the blanks in the Financial National Bank’s T-account to reflect this transaction.

Show your calculation.

Answer:

Financial National’s T-account:

8. As a result of this transaction, can Financial National continue loaning out money using Ronaldinho’s initial deposit?

Answer: (circle the correct answer)                                                                            

YES    NO

1. Suppose Financial National and Humongous National are the only 2 commercial banks in the economy. The required reserve ratio is 12%.

Calculate by how much money supply in this economy can go up as a result of Leo Messi’s initial deposit of $3,500.

Show ALL STEPS of your calculations and the unit of account.

Answer:

Complete the following short-run cost table using the information provided.

3-      Using graphs, show the relationship between production and costs, by using marginal Product of labor (MPL), Average Product of labor (APL), Marginal cost (MC), and Average Cost (AC) curves?

4-      State the three cases of Returns to scale. Explain when each case could be realized

a. Explain how the stock market acts as a financial intermediary, i.e. how it converts people’s savings into investment. b. List the four services banks provide in an economy.

Differentiate between private goods, pure public goods and impure public goods. Give one example of each. (approx 250 words)

how will covid affect the economy

A sushi company, Fast Fin, has a monopoly on sushi in the local market. The demand for sushi is given by:QD= 40−2P⇒P= 20–(1/2)Q. The resulting marginal revenue function isMR(Q) = 20−Q. Fast Fin’s marginal cost of producing sushi isMC(Q) = 2 +Q and total cost equals  2Q + (Q2)/2.

a. Calculate Fast Fin’s profit maximizing output as well as profits.

b. Calculate the monopolist percent markup over marginal cost ( P −MC )/ P and verify that the markup is equal to −1/ED , where ED is the elasticity of demand. Provide intuition for the mathematical relationship between monopolist markup and consumer demand elasticity.

c. Calculate the deadweight loss that results from Fast Fin’s monopoly power as well as the changes in consumer and producer surplus (relative to the perfect competition benchmark).

.

Provide healthcare examples of the following market failure:

a) External benefits-

b) External costs-

c) Public goods.

d) Imperfect competition

e) Imperfect information

Provide healthcare examples of the following market failure:

a) External benefits-

b) External costs-

c) Public goods.

d) Imperfect competition

e) Imperfect information

Provide healthcare examples of the following market failure:

a) External benefits-

b) External costs-

c) Public goods.

d) Imperfect competition

e) Imperfect information ( NO PLAGIARISM PLEASE , 70 WORDS ESSAY FOR a, b, c, d, e with examples please )

In the short-run Keynesian model of income determination what is the cause of the output gap, and what are the possible macro solutions?

POSITIVE VS. NORMATIVE ECONOMICS Instructions: Determine whether each of the following statements is representative of Positive or Normative Economics. Place a “P” on the lines next to all positive statements; place an “N” on the lines next to normative statements.

1. _____ The minimum wage should be raised to $15.00 an hour.

2. _____ If the minimum wage is increased, more people will become unemployed.

3. _____ There is too much crime in the U.S., something should be done about it.

4. _____ If more police are put on the streets, crime rates will fall.

5. _____ In a market, when supply exceeds demand, price tends to fall.

6. _____ When determining tax rates, the government should take into account the income needs of individuals.

7. _____ If the government reduces income taxes, consumption will most likely increase.

8. _____ Inflation is too high in the United States.

9. _____ U.S. trade restrictions cost consumers $19 billion annually in higher prices.

10. _____ NAFTA is likely to make the people of Mexico better off.

11. _____ Increasing the cost of university housing will lead to more people having roommates or seeking off-campus housing.

12. _____ Increasing the cost of university housing is unfair because it places a heavier burden on low income individuals.

13. _____ The government should provide health care to all of its citizens.

14. _____ Prices increased by 1% last year.

15. _____ No family ought to pay more than 25% of its income in taxes.

1. Provide one argument in favor of and one against the idea that the Fed was responsible for the housing price bubble of the mid-2000s.

2. What role did the shadow banking system play in the 2007–2009 financial crisis?