Please help me with this question ASAP The members of some Central Bank have different numbers of votes: Satrapia 13,Republic 8, Freedonia 4, Anarchia 3, and vote using a simple majority. Theirpreferences are aligned along the dimension of being more hawkish or more dovishwith respect to their joint monetary policy. From this information only, you can inferthat (many answers may be correct):Satrapia and Republic form a minimal winning coalitionThe minimum weight winning coalition has 13 votesThere is no minimal size winning coalition with two statesSatrapia and Anarchia form a minimal connected winning coalitionSatrapia and Anarchia form a minimal range winning coalitionFreedonia is not a member of any minimal connected winning coalitionThere are four minimum winning coalitionsO Freedonia and Anarchia do not form a minimal winning coalition

Answered: The members of some Central Bank have…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Please help me with this question ASAP

The members of some Central Bank have different numbers of votes: Satrapia 13,
Republic 8, Freedonia 4, Anarchia 3, and vote using a simple majority. Their
preferences are aligned along the dimension of being more hawkish or more dovish
with respect to their joint monetary policy. From this information only, you can infer
that (many answers may be correct):
Satrapia and Republic form a minimal winning coalition
The minimum weight winning coalition has 13 votes
There is no minimal size winning coalition with two states
Satrapia and Anarchia form a minimal connected winning coalition
Satrapia and Anarchia form a minimal range winning coalition
Freedonia is not a member of any minimal connected winning coalition
There are four minimum winning coalitions
O Freedonia and Anarchia do not form a minimal winning coalition

Expert Solution

Step 1: Defining monetary policy

Monetary policy is the control of the amount of cash accessible in an economy and the channels by which new cash is provided. By dealing with the cash supply, a national bank plans to impact macroeconomic elements including expansion, the pace of utilization, monetary development, and generally liquidity.liquidity.

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