b. Compute the indirect utility function ______ and the expenditure function ______ for this case.

Problem 1Suppose that the monetary base in an economy is $100 billion and currency drain ratio is 5%. People deposit 80% of currency in saving deposit with the required reserve ratio R1=10% and deposit the rest of currency in time deposit with R2=5%. Money is created through the process of deposit and loan in the banking system.  Explain the process of money creation. _________Calculate the money supply M = ________ of this banking system.Calculate the monetary multiplier M/B = ________ of this banking system.

Problem 2. An economy is operating with output $408 billion below its natural rate, and fiscal policymakers want to close this recessionary gap. The central bank agrees to adjust the money supply to hold the interest rate constant, so there is no crowding out. The marginal propensity to consume is 0.9, the marginal propensity to import is 0.1, and the tax rate is 0.05. The price level is completely fixed in the short run. In what direction and by how much would government spending need to change to close the recessionary gap? _____________ Explain your thinking in the AE graph and in words._____________ 

a. Write down and draw total cost (TC), total fixed cost (TFC), and total variable cost (TVC).______________

b. Write down and draw average cost (AC), average fixed cost (AFC), average variable cost (AVC), and marginal cost (MC).______________

c. Explain the relationship between AC and MC.______________

a. What is monopoly supply curve?

b. What are monopoly output and price? QM = ______ and PM = ______

c. What is monopoly profit? πM = ______

d. Is this market efficient? Explain why?_________

a. Calculate the uncompensated (Marshallian) demand functions for X = ______ and Y = ______

113年 - 113 國立成功大學_碩士班招生考試_交通管理研究所：經濟學#122751

113年 - 113 國立台灣大學_碩士班招生考試試題_土木工程研究所交通組：經濟學(C)(含工程經濟)#119247

112年 - 112 國立成功大學_碩士班招生考試試題_電信管理科學系：經濟學#119853

112年 - 112 國立成功大學_碩士班招生考試試題_交通管理科學系：經濟學#119711

112年 - 112 國立台灣大學_碩士班招生考試試題：經濟學(C)#119248

111年 - 111 國立臺灣大學_碩士班招生考試試題：經濟學 (C)#120838

110年 - 110 國立成功大學_碩士班招生考試試題_交通管理科學系、電信管理研究所：經濟學#121619

110年 - 110 國立臺灣大學_碩士班招生考試_國家發展研究所甲組:經濟學(B)#112010

110年 - 110 國立政治大學_碩士班招生考試_金融、財務管理:經濟學#110753

110年 - 110 國立中央大學_碩士班招生考試_企業管理學系/工商管理甲、乙組(一般生):經濟學#110460