Economics 111B – Explain why the gender wage gap was relatively constant between 1885 and 1980

Microsoft Word .784px;”>-.784px;”> Economics 111B Homework 4 F2015(4 points) Using the labor demand and supply framework, explain why the gender wage gap was relatively constant between 1885 and 1980, and why the ratio of female-to-male earnings has increased from 0.628 in 1980 to 0.805 in 2010.(5 points) Consider the following information for a hypothetical economy: Total reserves (R) = $500 billion Currency (C) = $400 billionIf banks are holding $80 billion in required reserves, and the required reserve ratio (RR/D) is 0.10, what is the dollar value of checkable deposits (D)?What is the dollar value of excess reserves (ER)?What is the dollar value of the money supply (M)? What is the dollar value of the monetary base (MB)? What is the value of the money multiplier (m)?(5 points) Why did the Federal Reserve fail to act as a lender of last resort during the Great Depression and why did the Fed allow the money supply to contract and prices to fall by so much?

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