LS22114 W1 Tutorial English Communication Skills for Business (2008/09 Semester A)
Prepared by Joey Ma
Your tutor Your classmates Your course handbook
Your textbook Your assignment Your examination
Chapter 34 answers
When more ATMs are available, money demand is reduced and the moneydemand curve shifts to the left from MD1 to MD2, as shown in Figure 4. If the
central bank does not change the money supply, which is at MS1, the interest rate
Chapter 30 answers
If people need to hold less cash, the demand for money shifts to the left, since
there will be less money demanded at any price level.
If the central bank does not respond to this event, the shift to the left of the
Chapter 31 answers
Wheat is traded more internationally than in the past because shipping costs
have declined, as have trade restrictions.
Banking services are traded more internationally than in the past because
communications costs have declined,
Chapter 32 answers
If the government passes an investment tax credit, it subsidizes domestic investment.
The desire to increase domestic investment leads firms to borrow more, increasing the
demand for loanable funds, as shown in Figure 3. This raises
Chapter 26 answers
Many answers are possible. Price-earnings ratios vary. A high price-earnings ratio might
indicate either that people expect earnings to rise in the future or that the share is
overvalued. A low price-earnings ratio might indicate eit
Chapter 24 answers
To find the percentage change in the overall price level, follow these steps:
Determine the fixed basket of goods: 100 heads of cauliflower, 50 bunches of
broccoli, 500 carrots.
Find the price of each good in each year:
Chapter 23 Answers
With transfer payments, nothing is produced, so there is no contribution to GDP.
If GDP included goods that are resold, it would be counting output of that particular year,
plus sales of goods produced in a previous year. It would
Chapter 28 answers
Many answers are possible.
Younger women experienced a bigger increase in labor force participation than older
women because more of them have entered the labor force (in part because of social
changes), so there are more two-care
Chapter 27 answers
1. a. The present value of $15 million to be received in four years at an interest rate of 11
percent is $15 million/(1.11)4 = $9.88 million. Since the present value of the payoff is less
than the cost, the project should not be underta
Chapter 33 answers
The current state of the economy is shown in Figure 6. The aggregate-demand
curve and short-run aggregate-supply curve intersect at a point to the left of longrun aggregate supply.
A stock market crash leads to a leftward shift