Questions
Describe the consequences of a permanent decrease in the US Money Supply for the nominal exchange...

Describe the consequences of a permanent decrease in the US Money Supply for the nominal exchange rate and for the US interest rate, in the short run as well as over time and in the long run. Draw time path plots for real money balances in the US, the nominal exchange rate, and the interest rate. Explain how your results relate to the idea of “exchange rate overshooting,” in no more than one paragraph.

In: Economics

discuss the role of leadership in building innovation capability

discuss the role of leadership in building innovation capability

In: Economics

Suppose the market for rental housing is An increase in demand for rental housing will create...

Suppose the market for rental housing is

An increase in demand for rental housing will create a shortage of rental housing.

b. A rent control policy imposed below the equilibrium rent will create a shortage of rental housing.

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. For each of the following two statements explain whether the statement is true, false or uncertain.

In: Economics

An auto supplier installed new equipment costing $1,050,000. The equipment generated new income averaging $275,000 per...

  1. An auto supplier installed new equipment costing $1,050,000. The equipment generated new income averaging $275,000 per year, and its operating costs averaged $50,000 per year. The equipment was depreciated using the MACRS method, assuming a 7-year recovery period and no salvage value. However, the equipment was kept in service for a total of 10 years, after which time a scrap dealer bought it for $75,000. The company has a combined effective federal and local tax rate of 26%, and uses an after-tax MARR rate of 8%. Determine the equipment’s after-tax net present worth over its 10-year service life.

[Answer: $302,000]

In: Economics

This passge below require critical analysis and breakdown The Marketing Research Association code is designed to...

This passge below require critical analysis and breakdown



The Marketing Research Association code is designed to promote an ethical culture in the marketing research profession where principals of honesty, professionalism, fairness, and confidentiality combine to support the profession's success (insight association, 2020). The code states the responsibility of all parties involved including the marketing researchers, the public, and anyone included in the research. Who does it protect? It protects everyone involved. There are certain expectations behaviorally that need to be followed and it is outlined in the code. The association members commit to the code when they renew their membership which allows the code to be enforced if it is violated. Codes of ethics supports conscious capitalism because it creates a base or a foundation for a corporate social responsibility. Ethics might be a priority in services marketing because if you can implement a system that will increase or create positive results without jeopardizing morals or ethics you will create loyalty and trust within the customers or participants and that is much more valuable in the long run.

critically analyze the passage

In: Economics

The Covid-19 situation has triggered an economic crisis and created massive economic hardship globally. Unlike the...

The Covid-19 situation has triggered an economic crisis and created massive economic hardship globally. Unlike the 2008-09 financial crisis, the Covid-19 crisis began in the real economy, not in the financial sector. Its effects have, however, propagated to the financial side of the economy.

a. Policy responses: Governments and Central Banks have implemented a number of policies to mitigate the economic damage from Covid-19. Describe in detail the policies that fit in the (i) fiscal policy category, and (ii) those that fit in the monetary policy category. Provide as much detail on the policies as possible and explain briefly how they work in the current context.

b. Private sector responses: The private business sector has many options to respond to the economic crisis caused by Covid-19. Describe in detail the different options that are available to private sector operators. Identify any interactions between their actions and some of the fiscal and monetary policies you identified in part (a). Do you see sectors that are more heavily exposed than others? Discuss.

In: Economics

This passge below require critical analysis and breakdown It is imperative that professional ethical norms and...

This passge below require critical analysis and breakdown


It is imperative that professional ethical norms and values for different types of organizations and business are in place to promote the highest standards for themselves and society. The code of ethics enhance and guide business practices and commits to practicing integrity. In market research, organizations, the population, and society are pertinent to creating a flourishing economy and embracing the responsibility of stakeholders. Ethical norms include, but are not limited to – adhering to all laws and regulations, fostering trust and being fair, and embracing the relationships that are built through integrity, respect, and transparency. Ethical values are honesty, responsibility, fairness, respect, transparency, and citizenship. Marketing research has expanded as the internet and social networking has allowed companies to connect. However, as mentioned by Masters (2019), “the way a company conducts its market research these days can have serious ethical repercussions, impacting the lives of consumers in way that have yet to be fully understood (para. 1). Ethical issues include lack of privacy and confidentiality, and misrepresentation. This is why it is essential for someone to prioritize ethics in services marketing. All things need to be looked at objectively, without outside experiences and prejudices coming into play.
Conscious capitalism serves all stake holders and has various principles including a higher purpose, stakeholder orientation, conscious leadership, and conscious culture.It focuses on doing business the correct way, ethically, and morally.Because of this, code of ethics supports the conscious capitalism philosophy.

In: Economics

This passge below require critical analysis and breakdown The strategic importance for forecasting will lie in...

This passge below require critical analysis and breakdown



The strategic importance for forecasting will lie in the fact that it will give broad direction and create the benchmark for any future performances that will be measured against or compared. When organization’s estimate their future sales or their revenue, it is not just giving a random number regarding future sales but it also providing guidance regarding the future performance of the organization regarding other metrics like return on equity, return on assets and its future growth rate. The managers within the company use the forecasted data to decide their detailed plan as to how they are going to achieve that. The accurate forecasting of sales helps to procure necessary raw materials on the basis of which many business activities are undertaken. The accurate sales forecasting becomes the basis for several other budgets. In the absence of accurate sales forecasting, it is difficult to decide as to how much production should be done. (Chand, 2014)

In: Economics

This passge below require critical analysis and breakdown Moving averages, weighted moving averages, and exponential smoothing...

This passge below require critical analysis and breakdown




Moving averages, weighted moving averages, and exponential smoothing methods are forecasting methods that are used for a time series with a horizontal pattern. These methods provide a high level of accuracy for short-range forecasts, such as a forecast for the next time period and are used to smooth out random fluctuations in the time series and have a high level of accuracy for short-range forecast. The moving Average method uses the average of most recent data values in the time series as the forecast for the next period. In moving averages, only the new observations are used; therefore, the old observations are replaced by the new averages; hence, claiming the name “moving” averages. (Anderson et al., 2016) Simple moving average is the easiest and simplest way to calculate forecasting and was used prior to the invention of computers. Moving averages typically use daily closing prices. (Banton, 2019) Weighted moving average involves selecting a different weight for each data value in the moving average. More weight is given to the most recent observations, as the observation becomes old, the relevant weight decreases. Exponential smoothing also uses a weighted average of past time series values as a forecast and is used a special case of the weighted moving averages method.
There are several measures to determine the forecast accuracy. “These measures are used to determine how well a particular forecasting method is able to reproduce the time series data that are already available. The forecast error is used to measure the forecast accuracy. The “mean absolute error, denoted MAE, is a measure of forecast accuracy that avoids the problem of positive and negative forecast errors offsetting one another...MAE is the average of the absolute value of the forecast errors.” (Anderson, et al., 2016) Mean Squared error is another measure that avoids the problem of positive and negative errors offsetting each other. This is obtained by computing the average of the squared forecast errors. (Anderson, et al., 2016) The accuracy of the forecast makes the prediction more reliable and provides stability in planning, purchasing and forecasting productions.

In: Economics

This passge below require critical analysis and breakdown Moving averages, weighted moving averages, and exponential smoothing...

This passge below require critical analysis and breakdown



Moving averages, weighted moving averages, and exponential smoothing methods are three forecasting methods that are appropriate for a time series with a horizontal pattern. These methods are easy to use and generally provide a high level of accuracy for short-range forecasts, such as a forecast for the next time period. “The moving averages method uses the average of the most recent k data values in the time series as the forecast for the next period (Anderson, Sweeney, Williams, Camm, Cochran, Fry, & Ohlmann, p.211). “Weighted moving averages involve selecting a different weight for each data value in the moving average and then computing a weighted average of the most recent k values as the forecast”(Anderson, Sweeney, Williams, Camm, Cochran, Fry, & Ohlmann, P. 214). “Exponential smoothing also uses a weighted average of past time series values as a forecast; it is a special case of the weighted moving averages method in which we select only one weight—the weight for the most recent observation. The weights for the other data values are computed automatically and become smaller as the observations move farther into the past”(Anderson, Sweeney, Williams, Camm, Cochran, Fry, & Ohlmann, p. 215).

There are several measures of forecast accuracy. These measures are used to determine how well a particular forecasting method is able to reproduce the time series data that are already available. The key concept associated with measuring forecast accuracy is forecast error. “The mean absolute error, denoted MAE, is a measure of forecast accuracy that avoids the problem of positive and negative forecast errors offsetting one another”(Anderson, Sweeney, Williams, Camm, Cochran, Fry, & Ohlmann, p. 207). “Another measure that avoids the problem of positive and negative errors offsetting each other is obtained by computing the average of the squared forecast errors” and is referred to as the mean squared error (Anderson, Sweeney, Williams, Camm, Cochran, Fry, & Ohlmann, p. 208). These measures of forecast accuracy simply measure how well the forecasting method is able to forecast historical values of the time series. Measures of forecast accuracy are important factors in comparing different forecasting methods. Obviously the better the forecast accuracy is, the better the prediction will be and the organization can plan accordingly. A forecast is not beneficial if it is not accurate and these methods and measures allow us to get the best possible forecast.

In: Economics

Is it possible for a game with two players, two choices, and no mixed strategies to...

Is it possible for a game with two players, two choices, and no mixed strategies to have more than two Nash equilibria?

In: Economics

This passge below require critical analysis and breakdown Forecasting is instrumental in the insurance industry. From...

This passge below require critical analysis and breakdown



Forecasting is instrumental in the insurance industry. From forecasting potential risks in the economy, to forecasting customer needs to ensure proper staffing, we must prepare for the unexpected. When forecasting we utilize quantitative methods since we have past data we can look back on (Anderson, Sweeney, Williams, Camm, Cochran, Fry, & Ohlmann, 2016). In my role, the biggest use of forecasting comes in our staffing levels. We staff our claims center to ensure we have enough representatives on hand to help customers when needed. We then go even deeper and use forecasting to develop schedules for associates to ensure we have reps available to answer phones while also working on new tasks.
Forecasting can improve organizational processes by learning from the past. An example would be how many pies a baker needs to make. If they sell historically five pies a day then they should stock accordingly to avoid waste. However, if it is thanksgiving time, they may need to produce more for the increased demand, so by using historical data and forecasting, they can determine how many more baking assistants would be needed along with how many pies to make. Forecasting can also be used to determine store hours for a business. If their main job is selling goods for families they may need to stay open later, but if they market to contractors they would need to open earlier than normal business hours to be available.

In: Economics

Goods 1 and 2 are perfect complements for Kane. He always consumes these two goods in...

Goods 1 and 2 are perfect complements for Kane. He always consumes these two goods in the ratio of 2 units of good 2 for every unit of good 1. The price of good 1 is $1.00, and the price of good 2 is $4.00. Kane has $936.00 to spend. part 1) The substitution effect of a change in the price of good 2 from $4.00 to $6.00 will reduce the demand for good 2 by _______ units. part 2) The income effect of the increase in the price of good 2 from $4.00 to $6.00 will cause demand for good 2 to fall by ________ units..

In: Economics

In what instances could a business plan be used?

In what instances could a business plan be used?

In: Economics

The late economic historian Peter Schumpeter considered perfect competition to be "inferior" to monopoly. Why was...

The late economic historian Peter Schumpeter considered perfect competition to be "inferior" to monopoly. Why was this? Why might monopolies spend more on research and development.

In: Economics

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