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110年 - 110 國立中央大學_碩士班招生考試_財務金融學系/甲組(一般生):經濟分析#103847
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4. Suppose a perfectly discriminating monopolist faces market demand P=100-100 and has constant marginal cost MC=20 (with no fixed costs).
(2) How much profit does the monopolist earn? (5%)
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(3)What is the maximum per-period license fee the government could charge the firm and have the firm still stay in business? (5%)
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(a) What is the quantity of bank reserves? (5%)
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(b) What is the money multiplier (give a number)? (5%)
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(a) Find the equilibrium values of the real interest rate, consumption, investment, and the price level. (8%)
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(b) Suppose government purchases rise to 1200. What happens to the variables listed in part (a)? (4%)
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7. Describe the Taylor rule. If the Federal Reserve were following the rule, what would the nominal federal funds rate be if the inflation rate over the past year were 2.5% and output were 2% below its full-employment level in the U.S.? (7%)
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(a) On the basis of these movements, would you expect the U.S. to be buying more or less Taiwan goods? Why? (5%)
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(b) Would you advise a foreign exchange speculator to buy US dollar at this point or to change U.S. dollar into New Taiwan dollars? Why or why not? (5%)
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(a) In your opinion, what is the economic shock caused by the COVID-19 epidemic? Explain your answer. (3%)
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(b) Use the IS-LM model to illustrate the possible short-run impact of this shock on income, the interest rate, consumption, and investment. Be sure to use a graph in your answer. (8%)
#439354
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