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What is meant by 'high-powered money'?

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Important Questions on Money and Banking

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Economics>Macroeconomics>Money and Banking>Demand and Supply of Money
How would you find the maximum output for a firm using a production function \(Q = 5L + 2K\) if one input is zero and the other is non-zero?
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Economics>Macroeconomics>Money and Banking>Demand and Supply of Money
What does 'fiat money' refer to?
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Economics>Macroeconomics>Money and Banking>Demand and Supply of Money
Explain the concepts of the short run and the long run.
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Economics>Macroeconomics>Money and Banking>Demand and Supply of Money
For the production function \(Q = 2L^2K^2\), how would you determine the maximum possible output with given units of labour and capital? What happens if one input is zero?
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Economics>Macroeconomics>Money and Banking>Demand and Supply of Money
What is the role of the central bank in money supply?
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Economics>Macroeconomics>Money and Banking>Demand and Supply of Money
What is the 'cash reserve ratio' (CRR)?
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Economics>Macroeconomics>Money and Banking>Demand and Supply of Money
How can you calculate the total and average product schedules of labour from the marginal product schedule, given that the total product is zero at zero level of employment?
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Economics>Macroeconomics>Money and Banking>Demand and Supply of Money
What is the law of diminishing marginal product?
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Economics>Macroeconomics>Money and Banking>Demand and Supply of Money
What is a 'repo rate'?
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Economics>Macroeconomics>Money and Banking>Demand and Supply of Money
What is the law of variable proportions?
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Economics>Macroeconomics>Money and Banking>Demand and Supply of Money
What is the primary function of money?
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Economics>Macroeconomics>Money and Banking>Demand and Supply of Money
How do commercial banks create money?
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Economics>Macroeconomics>Money and Banking>Demand and Supply of Money
What is the average product of an input?
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Economics>Macroeconomics>Money and Banking>Demand and Supply of Money
How can you derive the total product and marginal product schedules from the average product schedule of labour, assuming the total product is zero at zero labour employment?
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Economics>Macroeconomics>Money and Banking>Demand and Supply of Money
What is the total product of an input?
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Economics>Macroeconomics>Money and Banking>Demand and Supply of Money
What is a major drawback of the barter system?
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Economics>Macroeconomics>Money and Banking>Demand and Supply of Money
Explain the concept of a production function.
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Economics>Macroeconomics>Money and Banking>Demand and Supply of Money
Explain the relationship between the marginal products and the total product of an input.
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Economics>Macroeconomics>Money and Banking>Demand and Supply of Money
What is the marginal product of an input?
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Economics>Macroeconomics>Money and Banking>Demand and Supply of Money
Given the production function \(Q = 5L^{ rac{1}{2}}K^{ rac{1}{2}}\), how would you calculate the maximum possible output with specific units of labour and capital?