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Homework answers / question archive / 1  The Bank of Canada's stated monetary policy is to restrict capital flows and target 2% inflation Please answer True, False or Uncertain and provide an short explanation in words

1  The Bank of Canada's stated monetary policy is to restrict capital flows and target 2% inflation Please answer True, False or Uncertain and provide an short explanation in words

Economics

The Bank of Canada's stated monetary policy is to restrict capital flows and target 2% inflation Please answer True, False or Uncertain and provide an short explanation in words. Your mark will be based on evidence used from the course. I.e. definitions, concepts, models and empirical trends.

The Classical Dichotomy states that in the short run, prices are sticky and nominal variables can influence real variables. Please answer True, False or Uncertain and provide an short explanation in words. Your mark will be based on evidence used from the course. I.e. definitions, concepts, models and empirical trends.

1. Suppose you want have 300,000 TL saved by the time you reach age 40 and suppose that you are 25 years old today. If you can earn 4% on your funds, how much would you have to invest today to reach your goal? (15 Pts) 2.Suppose you deposit $20,000 in an account today that pays 4% interest, compounded annually. How long does it take before the balance in your account is $80.000? (15 Pts)

 

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