G 1. Assume Country A is an open economy with a floating exchange rate. Explain, in a step-by-step fashion, how expansionary monetary policy works in an open economy to increase real GDP under floating exchange rates. Work methodically through your answer and be sure to explain how, why, and whether there are changes in: a. interest rates (r) b. Monetary Base (MB) c. Spending (components of Aggregate Demand) d. National Income and real GDP (Y) e. International transactions (EX, IM, Kin, Kout) f. BOP g. Currency value

Resources that are valuable but not rare can be categorized asanswers: organizational weaknesses. distinctive competencies. organizational strengths. complementary resources and capabilities.

Seattle bank’s start-up division establishes new branch banks. each branch opens with three tellers. total teller cost per branch is $96,000 per year. the three tellers combined can process up to 90,000 customer transactions per year. if a branch does not attain a volume of at least 60,000 transactions during its first year of operations, it is closed. if the demand for services exceeds 90,000 transactions, an additional teller is hired and the branch is transferred from the start-up division to regular operations. required what is the relevant range of activity for new branch banks

In a perfectly competitive market, the long-run market supply curve tends to be horizontal or nearly so. what is another way to state this fact? (a) market supply is much more elastic in the long run than the short run. (b) in the long run, average total cost is minimized. (c) in the long run, price equals marginal cost. (d) market supply is much less elastic in the long run than the short run.