When Congress established the Federal Reserve in 1913, what was its main responsibility? When did Congress broaden the Fed's responsibilities?

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A: DISCLAIMER  “Since you have asked multiple questions, we will solve the first three subparts…

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A: International Organizations are the bodies designed to manage and regulate the international…

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A: Future value is the value of investment at the end of planning horizon.  Present value is the value…

Q: Q1. Explain the different types of Elasticity of supply giving one example each.

A: The elasticity of supply is the ratio of percentage change in the price level over a certain…

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A: Budget constraint: given the price of 2 goods and consumer’s income. The budget constraint shows…

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A: GDP = consumer spending + investment spending + Government purchases of goods and services + Net…

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A:

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A: * SOLUTION :-  Auditing means  the concept of evaluating and checking all the desired transactions…

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A: HHI (also known as Herfindahl–Hirschman Index) refers to approach to measure the size of firms in…

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A: Price elasticity of demand: It measures the percentage change in the quantity demanded for a 1%…

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A: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

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A: Deflation: Deflation is just the opposite of inflation. It implies the circumstances when prices of…

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Q: 5. Say’s Law _____________ because ___________.  The Law of demand is _____ true because:   Always…

A: Say’s Law defines the relationship between income and production by stating that, in order to earn…

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Q: The St Petersburg Paradox involves a coin tossing game. The player tosses a fair coin as many times…

A: In 1713 Nicolaus Bernoulli introduced the St. Petersburg paradox. It is considered to be a reliable…

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A: The Sustained and chronic rise in the general price level is known as the inflation. The rise in the…

Q: and 12. How are equilibrium quantity demanded dumine economy? Through traditions and customs b.…

A: Equilibrium is characterised as a state in which the quantity of the good demanded and the quantity…

Q: Suppose the price elasticity of demand for oil is 0.1. In order to lower the price of oil by 20…

A: Elasticity of demand depicts how much consumer responds with the change in the price level.

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A: A long-term decision by any company should take focus on the market signals, changes in tastes and…

Q: Consider the following demand and supply equations: P = a. Draw a neatly labelled diagram showing…

A: Demand Equation is given as:- P = 20-5Q P = 10+2Q

Q: You have bought a car for $50,000. You were so excited. However, you then found out that the car you…

A: Formula for the future value of an asset is given as:  F= P(1-d)t F: future value of the assetP :…

Q: Price Unit Demand (Unit) Supply (Unit) A 10 4 B 20 5 C 30 7 D 8 E 10 F 11 G 12 | 40 50 60 70 12 10 9…

A: There comes a point where the supply and demand curves meet; this point is known as the market…

Q: Retail demand for eggs was given as in a certain market was given as P, = 23-0.04Q whereas the farm…

A: Since you have posted multiple questions we have answered first three sub parts for you. Given:…

Q: Which of the following is proof that international trade is beneficial? O the fact that different…

A: The exchange or trade of goods and services between various countries is referred to as…

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Q: 5) Matthew is an addicted coffee drinker and proud patron of Starbucks, so he keeps an eye out on…

A: Cross price elasticity of demand measures the how much percentage change in quantity demanded of one…

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A: Internal Rate of Return (IRR): IRR is the rate of return at which the present worth of all the cash…

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A: There are two types of group of people, one who favor trade barriers and the other who are against…

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A: Opportunity Cost is the cost of the next best alternative that is being sacrificed in order to…

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A: Year Project X Project Y 0 -55000 -100000 1 20000 15000 2 13500 17000 3 11000 19000 4…

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A: The four-firm concentration ratio is one approach to computing the extent of competition in a…

Q: allocation might be both efficient and equitable, based on the Pareto principle." 3. In a…

A: Answer to the question is as follows:

Q: The daily demand for pizzas is where P is the price of a pizza. The daily costs for a pizza company…

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Q: Use the information presented in Southwestern Mutual Bank's balance sheet to answer the following…

A: A leverage ratio is any one of several financial estimates that assesses the ability of a company to…

Q: Dumping occurs when a firm sells too much of a good in a foreign country. O True False

A: When two or more nations are involved in the exchange of products and services, then it is termed…

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A: Present value considers the future value and uses a discount rate or the rate of interest that could…

Q: If the t-statistic for a variable is -1.74, is the variable statistically significant? No O Yes

A: In statistics, the t-statistic refers to the ratio of the departure of the estimated value of a…

Q: 15. Consider an economy where per capita GDP grows at 4% a year. Population grows by 2% a year. The…

A: MS(money supply)   is the overall money that is floating in an economy at a period of time. That is,…

Q: 16. During which decade was federal debt held by federal government accounts closest to half of all…

A: Federal Debt is defined as the amount of money that a nation has borrowed in order to cover the…