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Friday, August 5

  1. page Macroeconomics and Fiscal Policy (deleted) edited
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Monday, May 3

  1. page Market Failure and the Role of Government edited ... in htmldiff14 efficiency that occurs because there is a reduction in output, despite the fact…
    ...
    in htmldiff14
    efficiency that occurs because there is a reduction in output, despite the fact that the marginal benefits of the output are greater than the marginal cost.
    Deadweight (Amy)
    1. The market is at equilibrium
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    2. The government imposes a tax (supply is shifted left)
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    3. The market now experiences a deadweight loss while the government gains revenue from the taxes
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    Questions:
    htmldiff15If the government places a property tax on a business who is most likely to pay for that tax:
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  4. file photo.jpg uploaded
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  9. page Financial Sector edited ... -M1: the most narrowly defined money supply, equal to currency in the hands of the public and …
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    -M1: the most narrowly defined money supply, equal to currency in the hands of the public and the checkable deposits of commercial banks and thrift institutions
    -M2: a more broadly defined money supply, equal to M1 plus non-checkable savings accounts (including money market deposit accounts), small time deposits, and individual money market mutual fund balances
    Functions of Money
    -Medium of Exchange: bartering requires a coincidence of wants
    -Unit of Account: gives buyers and sellers something to measure the value of something
    -Store of Value: allows transfer of value from present to future
    -Liquidity: how easily it can be accessed without losing value

    II. The FED - structure and function
    (Zack)
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    6:58 pm

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