(3) The money supply is fixed at $60billion and the equilibrium value of money 1/P = 1/2. The Federal Reserve increases the money supply by $20 billion and as a result the new equilibrium price level is 5. Use the Money Supply-Demand Model (Diagram) to explain clearly how equilibrium is restored in the model. If money supply increases the value of money will not increase but will go down.

*What are the causes/ sources of economic growth. Highlight positive n negative effects of economic growth.

Just-in-time (JIT) strategy reduces inventory (storage/waste) costs. This method requires producers to forecast demand accurately. Explain (briefly) how you would use “Big Data” to help implementing JIT?

There are many cryptocurrencies in the world today. If apple made a cryptocurrency, how would it compete to the rest? What marketing strategy could they use?

Discuss the differences and similarities between the Ricardian model and the specific factors model

Taxi-drivers are now faced with competition from ridesharing services like Uber and Lyft. Assume that consumers see traditional taxis and ridesharing services as perfect substitutes. Assume that there are no barriers to entry to become a ridesharing driver. What will happen to supply and demand for traditional taxi-services in the long run? What will happen to the price consumers pay, the price taxi-drivers receive, deadweight loss and profits of taxi-drivers? And in short run? What if ridesharing services and traditional taxis are complements?

4. To retire at a decent age and move to Hawaii, an engineer plans to trust her account to an investment firm that promises to make a real rate of return of 8% per year when the inflation rate is 2% per year. The account currently is valued at $290,000 and she wants to retire in 12 years. Determine how much (in then-current dollars) will be in the account for the realized rate of return to be a real 8% per year.

Set up the specific factors model with assumptions and conclusions

In order to fight malaria, what type of policy do you think is most efficient? Distribute bed nets for free or charging a price for them? Why?

Poverty, Growth and Economic Policies: Discuss the relevance of Randomized Control Trials (RCTs) to the proposal of policies to alleviate poverty and underdevelopment in light of Ted talk:Esther Duflo: Social experiments to fight poverty.

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How youth, ethnic and racial minorities, and/or women articulated an increasingly radical challenge to the liberal ideals of American society by the late 1960s. Cite at least three examples from primary source documents (i.e. music lyrics, speeches, etc.).300 words.

Is white noise predictable? Briefly explain.

How am I missing calculation of part A? Part B is correct.

You are the manager of a local sporting goods store and recently purchased a shipment of 60 sets of skis and ski bindings at a total cost of $25,000 (your wholesale supplier would not let you purchase the skis and bindings separately, nor would it let you purchase fewer than 60 sets). The community in which your store is located consists of many different types of skiers, ranging from advanced to beginners. From experience, you know that different skiers value skis and bindings differently. However, you cannot profitably price discriminate because you cannot prevent resale. You are the manager of a local sporting goods store and recently purchased a shipment of 60 sets of skis and ski bindings at a total cost of $25,000 (your wholesale supplier would not let you purchase the skis and bindings separately, nor would it let you purchase fewer than 60 sets). The community in which your store is located consists of many different types of skiers, ranging from advanced to beginners. From experience, you know that different skiers value skis and bindings differently. However, you cannot profitably price discriminate because you cannot prevent resale.

There are about 20 advanced skiers who value skis at $400 and ski bindings at $275; 20 intermediate skiers who value skis at $300 and ski bindings at $400; and 20 beginning skiers who value skis at $200 and ski bindings at $350.

A: What is your maximum revenue if you charge a separate price for skis and bindings? $ ?????????

B: What is your maximum revenue if you sell skis and bindings as a bundle? $ 33000

Week 3 Homework

For this assignment, you will research information related to the GDP (Gross Domestic Product). This will help you practice using the Internet as a research tool for finding financial information and you will gain insights about how the United States participates in the global economy by providing goods and services to other countries.

Use the Week 3 GDP Homework Word Document template provided below to complete your assignment before uploading it to the assignment submission area.

Instructions:

Use a search engine such as Google to do the following:

1. Define GDP in your own words.
2. Report the current GDP in trillions of dollars.
3. Report the current Federal debt in trillions of dollars.
4. Report the outlays for the bottom line of the current (last) budget approved by Congress (surplus or shortage).
5. Report the revenues for the bottom line of the current (last) budget approved by Congress (surplus or shortage).
6. Report the deficit for the bottom line of the current (last) budget approved by Congress (surplus or shortage).
7. Report the debt held by the public for the bottom line of the current (last) budget approved by Congress (surplus or shortage).
8. Discuss the inferences drawn from the numbers collected and provide insight about the impact of the numbers on the American economy in a response that is at least 5 sentences in length

Due to COVID-19 a recession is inevitable at US and global level. Discuss the current Fiscal Policy in place to combat the impact of the virus on the US economy. Also, explain how the recent Fiscal Policy is expected to fix the changes in GDP, Inflation and unemployment. Discuss the current Monetary Policy in place to combat the impact of the virus on the US economy. Also, explain how the recent Monetary Policy is expected to fix the changes in GDP, Inflation and unemployment.