ECON 311 - Intermediate Macroeconomics (Professor Gordon) Second Midterm Examination: Fall 2008 Answer sheet YOUR NAME: ___________________________________ Circle the TA session you attend: Briana Chang 9AM 3PM Brian O’Quinn 9AM 3PM Assaf Patir 9AM 3PM INSTRUCTIONS: 1. The exam lasts 1 hour. 2. The exam is worth 60 points in total: 30 points for the multiple choice questions and 30 points for the two analytical problems. 3. Write your answers for part A (the multiple
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RELATINOSHIP BETWEEN DEMAND, SUPPLY, PRICE AND INCOME ELASTICITY Essay Statement This essay is to critically discuss the concepts of demand and supply. That helps to understand how the product’s own price and income elasticity of people relates with each other. We would also discuss how these concepts would be useful to evaluate the fluctuations in the oil prices the world has experienced from January 2014 until August 2015. Demand Quantity of a particular product or service that is desired
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say that this serves duel purposes i.e.(a) ensures that a portion of bank deposits is kept with RBI and is totally risk-free, (b) enables RBI to control liquidity in the system, and thereby, inflation by tying the hands of the banks in lending money. | ------------------------------------------------- In 2006, Ceiling rates of CRR were abolished and now RBI can decide CRR on its own. Also RBI pays no interest on these deposits. ------------------------------------------------- If any bank
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LAW OF CONTRACT: VOIDABLE CONTRACT A formal agreement between two parties that may be rendered unenforceable for a number of legal reasons. Reasons that can make a contract voidable include failure by one or both parties to disclose a material fact. Circumstances or features that make a contract voidable include coercion, undue influence, fraud, misrepresentation and mistake. Based on our case review, we more focus on voidable contract under undue influence. In section 16 has defined undue
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goes down b. If price goes up then quantity of demand goes down c. If price stays the same then quantity of demand goes down d. If price goes up then quantity of demand stays the same 2. Which of the following is an example of Law of Supply? a. If price goes down then quantity of demand goes down b. If price goes up then quantity of demand goes down c. If price stays the same then quantity of demand goes down d. If price goes up then quantity of demand stays the same
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artists, and computer animators. The primary stakeholders for Draft Studios Inc. includes stockholders, creditors, customers, suppliers and employees, each share a unique relationship with the company in the form of a two way exchange. The relationship between the company and its stockholders is that the stockholders invest money in to the company and the company pays back on their return on investments. The role of the stockholder is to exercise voting rights based on share ownership and to exercise
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for a surplus (revenue exceeds expenditure). Fiscal policies are based on the concepts of the UK economist John Maynard Keynes (1883-1946), and work independent of monetary policy which tries to achieve the same objectives by controlling the money supply. Stances of fiscal policy The three possible stances of fiscal policy are neutral, expansionary, and contractionary. The simplest definitions of these stances are as follows: • A neutral stance of fiscal policy implies a balanced budget
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experience purchasing a brand new Mazda 3 2010. “Supply and demand are the two words economists use most often and for good reason. Supply and demand are the forces that make market economies work. They determine the quantity of each good produced and the price at which it is sold.” Making decisions requires trading off one goal against another. In order for me to obtain the car that I want, I must give up money to purchase the car. In order to obtain the money, I must give up my time and work for what
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Money and Banks: Some Theory and Empirical Evidence for Germany Oliver Holtem¨ ller∗ o November 2002 Abstract This paper contributes to the analysis of the money supply process in Germany during the period of monetary targeting by the Bundesbank from 1975-1998. While the standard money multiplier approach assumes that the money stock is determined by the money multiplier and the monetary base it is argued here that both the money stock and the monetary base are determined endogenously by the
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collaboration between senior management, employees, doctors, nurses and patients. In addition, the current system is suppose to improve the efficiency of hospital operations, relationships with current and future patients, and assist senior executives in managing hospital finances. PFCH System Breakdown The current breakdown of the business information system is split between the following: Accounting and Finance Information System, Human Resources Information System, Customer Relationship Management
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