Answer:
Inflation;National Banking Act ;Panic of 1907
Explanation:
What economic challenge did the newly formed American federal government face? Inflation
Which act created nationally chartered banks and circulated notes backed by the federal government? National Banking Act was pass during the Civil War, it was created so as to provide for nationally chartered banks, whose circulating notes had to be backed by U.S. government
What economic event led to the creation of the Federal Reserve? Panic of 1907 resulted in the creation of Federal Reserve by the Congress due the wreaked havoc on the fragile banking system at that time
Answer:
Equillibrum quantity of employment= 380
Explanation:
At equillibrum real wage (w) is equal to marginal product of labour (MPN)
MPN= 200-0.5N
Aggregate supply= 300+8w
At equilibrium w= MPN
At equillibrum Aggregate demand (N)= Aggregate Supply
w= 200-0.5N
w= 200-0.5(300+8w)
w= 200-150-4w
4w+w= 50
5w= 50
w= 10
Substitute value of w in w= 200-0.5N
10= 200-0.5N
0.5N= 200-10
0.5N= 190
N= 190/0.5= 380
Answer:
$5.95
Explanation:
Given that,
Dividend paid in Year 7 = $2 per share
Growth rate of dividend = 2.2%
Required return = 16 percent
Share price is the present value of all future dividends.
Present Value of future dividends at year 6:
=
=
=
= $14.49
Present value of dividends (Now):
= Present Value of future dividends at year 6 × (1 + Required return)^{-6}
= $14.49 × (1 + 0.16)^{-6}
= $5.95
Therefore, the current share price is $5.95 if the required return is 16 percent.