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Evaluating Legal Prices

1) Give one example of a price floor and one example of a price ceiling.2) State the purpose of these legal prices and assess their impacts on the market.3) Evaluate the extent to which the price floor achieves its purpose.4)…

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multiple choice

Human capital refers to which of the following?a. manufactured goods that are used to produce other goods and servicesb. the quantity of goods and services that can be produced by one worker or by one hour of workc. the accumulated…

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bank

Suppose that First Bank discovered that its computer had been programmedincorrectly and that it suddenly was short of reserves by $100 million. What wouldyou expect to happen to the federal funds rate, the number of discount loans madeby the Fed,…

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