thanks everyone =)</p>
Yeh I think i’ll hit the hay at 4am, or when I finish ^_^</p>
I am really confused about the definition of economies of scale and its purpose (micro). Can someone help me clarify it?</p>
For #35:</p>
As we know Nominal Interest Rate = Real Interest Rate + Expected Inflation,</p>
it is impossible to judge what the inflation rate is, if the question only provides you with an un-relative $5. I’m not sure if there’s any other provided information, but I don’t think it’s possible with ONLY those pieces of information.</p>
But correct me if I’m wrong. I just learned all of Macro today.</p>
Economies of scale are simply businesses that become more efficient as they grow.</p>
Can someone please explain to me what formulas I will need for Macro? The PR is really vague, and I feel like its not covering anything I remember going over in class =/…</p>
Can someone tell me the formula for CPI, Money Multiplier, GPD, etc(or anything else major I may need to know)</p>
welll my teacher gave my class a whole list of graphs and formulas needed for the macro exam. PM me your email if you want</p>
Sent a PM.</p>
Alright just finished 95 macro/micro exam. It wasn’t bad at all, hopefully it’s a good indicator for tomorrow. </p>
Good luck everyone, and thanks to everyone to helped me with my questions.</p>
Can someone help with #43 in <a href=“http://jsher.myclassupdates.com/sitebuildercontent/sitebuilderfiles/apmacauditexam.pdf[/url]”>http://jsher.myclassupdates.com/sitebuildercontent/sitebuilderfiles/apmacauditexam.pdf</a></p>
and #45 and #51. Also do we need to know what fiat money is?</p>
^just know that it’s any currency that really has no value to a person, unless everyone makes a value out of it (U.S. dollar is worthless as an object, but is is considered useful because it’s accepted).</p>
LOL WE ALL STILL AWAKE hehe</p>
Hard. What did you guys say for ii of part b question 3?</p>
Please tell me the reserve ratio was 10% X_X</p>
Reserve ratio is required reserves over total loanable assets. Banks cannot loan bonds or fixed costs…</p>
so what was the answer?</p>
Well, Im not discussing answers.</p>
But, hypothetically, if a bank lent 8,000 dollars, kept 2,000, and had no excess reserves, its total reserves would be 10,000 dollars, and the amount it kept would be 2,000/10,000. Or .2</p>
Hypothetically it could be .20</p>
How does everyone think they did?</p>
was the “hypothertical” frq questions answer .1 or .2? I have to say .2 because 2000/10000=.2 why would you include the loans plus bonds to make it 20000 instead of 10000</p>