Explain in detail the past FOMC monetary policy decisions during the period 2000 to 2019?

The money multiplier was m1 = 1.01 in March of 2019. How effective were the Feds actions in 2019? Why? Explain.

1. A firm has the production function Q = 4LK. The marginal products are given by MPL = 4K and MPK = 4L. Suppose that w = r = 25. Write out the expression for the long run total cost curve. Does this firm experience economies or diseconomies of scale? Does this firm experience increasing, decreasing or constant returns to scale?

TC = 25Q^0.5 ; Economies of Scale; IRS

2. The current price level in the U.S. is $14,000 per consumption bundle, and £10,000 per consumption bundle in the U.K.. The spot rate is $1.65/£. The annual inflation rate is expected to be 2% in the U.S. and 5% in the U.K.

(1) Assume £ weakens against dollar by 4% in the next year. Discuss with calculations (a) the impact on GBP’s purchasing power in U.S. in the next year; (b) the impact on GBP’s purchasing power in U.K. in the next year; (c) which country will become more competitive in the world market next year

(2)    Calculate to conclude the deprecation/appreciation of GBP that leads to no change to the trade between two countries in the next year.

do you think that the company is wise to monitor employees in this matter? why or why not?

Taking these two documents together -- ( From Woodrow Wilson, War Message to Congress in 1917 and From Eugene v. Debs, Speech to the Jury before Sentencing under the Espionage Act (1918) in what contrasting ways are patriotism defined during The Great War? What constitutes a patriotic (or unpatriotic) act according to the Espionage Act, and according to Debs?

Briefly explain the theory behind convergence and why we argued that the evidence for this theory is mixed.

a model with any simplifying assumptions

Macroeconomics

Define productivity efficiency and allocative efficiency. What conditions must be met in order to achieve them?

Questions 2, 3, and 4 ask you to consider the situation described in the article published in Monday, March 2, 2020 issue of The Wall Street Journal and titled “Meat Stockpiles Surge as Coronavirus Epidemic Curbs Exports”. You do not have to read the story to understand the setup of these questions. Here is what you should focus on to complete your analysis.  

• In 2019, U.S. meatpackers had been exporting large amounts of meat (chicken, pork, and beef) to China.
• However, the coronavirus (Covid-19) outbreak in January and February 2020 has significantly reduced demand for U.S. meat exports.
• For this analysis, assume the meatpacking industry is perfectly competitive, demand is downward sloping, supply is upward sloping, and production technology results in traditional U-shaped ATCand AVC curves.
• Finally, for questions 2, 3, and 4, market price is always greater than the minimum of the AVC curve.

Question 2:

Assume that prior to the outbreak of the coronavirus (Covid-19), the meatpacking industry was in Long Run Equilibrium (LRE).

• Using our side-by-side graph methodology, graphically depict the market equilibrium P₀ and Q₀, the optimal output of an individual firm representative of the other firms in the industry at this LRE (labeled as q₀), and the individual firm’s profit if any (shaded and clearly labeled).
• Provide a brief narrative explaining the setting and the profitability of an individual firm in an LRE (including why there is a certain level of profit in this setting).
• Reminder: Be sure to label all relevant points and axes.

Please focus only on the variables I have provided as I have been very specific

Question 1

The core elements of the Growth Employment and Redistribution (GEAR) strategy of the South African government in 1996, under the leadership of the then finance minister Trevor Manuel, were amongst other things:

 budget reform to strengthen the redistributive thrust of expenditure

 monetary policy to prevent a resurgence of inflation

 a reduction in tariffs to contain input prices and facilitate industrial restructuring, compensating partially for the exchange rate depreciation

Using the below macroeconomic variables measure whether the strategy was successful or not.

1. gini coefficient or Lorenz curve
2. Inflation rate
3. Exchange rate or BoP accounts

10. The type of non-price rationing that most closely approaches the market outcome is:

A) favored customer rationing.

B) first-come, first-served basis or queuing.

C) coupon rationing with coupons that can be resold.

D) coupon rationing with coupons that cannot be resold.

Consider the market for generic soda, a product that only has “soda” on its label. We know that demand for generic soda falls when income increases, demand rises when the price of other soda increases, and that demand rises when the price of potato chips falls.

11. Refer to Scenario 1. Graph “soda” and explain the effect on equilibrium price and quantity on an increase in income. What type of good is “soda”?

12. Refer to Scenario 1. Graph “soda” and explain the effect on equilibrium price and quantity of an increase in the price of premium soda (ex: Pepsi). How are the goods related?

13. Refer to Scenario 1. Graph and explain the effect on equilibrium price and quantity of “soda” due to an increase in the price of potato chips. How are the goods related?