Blog

In what way is individual debt similar to government debt?

Suppose that we are in a real estate market where the luxury homes being sold are vacation homes where people use them for 1 month out of the year.  Suppose that one vacation home is selling for $500,000 and another is selling for $5,000,000.   Answer the following questions:   Which luxury vacation home should have the greater price elasticity of demand?   If we are comparing the non-vacation home real estate market versus the vacation home real estate market, which real estate market should have the greater price elasticity of demand?

Suppose that the equilibrium exchange rate (Euro/$) is .60  and the The Federal Reserve decides to fix the exchange rate at .40.   What will the Federal Reserve have to do in order to maintain this fixed exchange rate?

Suppose that current output is less than the central bank’s projection for long run potential output. The Taylor Rule guides the central bank to do the following:

Exchange rate expectations in the foreign exchange market:

Which is the main neurotransmitter in post-ganglionic nerve terminals of the parasympathetic nervous system?

  Use the table above to answer the following question. Suppose that an individual has a budget constraint of $10. Which combination of ice cream and hot dogs should a rational utility maximizing individual consume?

What would the nurse include in a teaching plan for a mother of a 2-year-old child who has started crying and resisting going to sleep at the scheduled bedtime?

The law of diminishing marginal utility states that, after some point:

According to the Keynesian model of the economy,