please answer all summary questions in detail or how the prompt asks (tough grader) will rate! :)

Barterland...Barterland...Barterland...sung to the tune of Babes in Toyland, aka "March of the Wooden Soldiers"; 1934-Stan Laurel, Oliver Hardy! A holiday film classic! Ah! Barterland...home of zero taxes, "civilized" -sometimes- people, and a multitude of products for exchangeJ Sounds like a utopia, right? Wrong! You and your team of finance and trade ministers from MEDIUMEXCHANGESTOREOFVAULEUNITOFACCOUNTMETHODOFDEFFEREDPAYMENTLAND have been asked to advise Barterland's minister of development on how to improve the economy. Seems they want to participate in global capital markets by issuing stocks and bonds, only they don't have the prerequisite infrastructure attractive to foreign investment. Your first assignment is to explain the rationale for money usage, being very detailed in describing what money does! (Hint: the "purpose" of money and why folks like a generally accepted medium of exchange that is often fiat, or paper money) Secondly, you want to explain how a Central Bank would help control the level of inflation and act as a lender of last resort. In your analysis make sure to explain how "real wages" and "real interest rates" are impacted by unchecked inflation. Furthermore, you should emphasize the importance of the tautology "MV = PQ" and how (when used in the explanation of monetary policy) it explains prices and GDP. As a proponent of central banking, your team should also develop and explain the functionality behind an FOMC-like institution for Barterland. I.e. make sure you illustrate how Barterland's version of the FOMC would work. (Hint: let loose here on "why" a Federal Reserve-type bank would benefit Barterland, be detailed!) Since Barterland is primarily agricultural (pineapples, apples, collard greens, and beef) with a nascent lumber industry, explain how the basic, aggregate expenditure model used in calculating GDP would apply to this country. In other words, describe what each component entails and its benefits to Barterland. If the aggregate method has the following for consumption: autonomous consumption is 500 million, MPS is 35 and Disposable income is 700 million, followed by investment of 200 , net exports of 100, government expenditures of 650 , what's the level of GDP? (Hint: Think "expenditure model") Also, the following are engaged in the production and selling of Collard Greens in Carterland after a pricing system has been developed per your team's suggestion: - Abdul produces at .50 per bushel - Af-Af pays him $2.00 (she transports the vegetables) - Cynthia pays $4.50 to Af-Af (Cynthia is a buyer for Stater Bros.) - Stater's sells the collards at $5.65 per bunch Account for the final value applying the Units of Production Method for GDP Third, illustrate how the Expansion multiplier for deposits increases the money supply. Again, apply mathematical illustrations here as well after creating an initial money deposit for a fictitious Barterland depositor. Better yet, use this one: "A Barterland depositor-assuming money and not commodities are used as currency- makes a deposit of $250,000. If the Barterland Bank has a reserve requirement of 5%, how much new money is created from the initial deposit?" (Hint: Think "deposit multiplier" but make sure to you plug in the "correct" variables) Fourth, the protectionist hungry pineapple growers recognize that imported pineapples are being purchased by Barterland consumers -again, after a medium of exchange has been introduced. They want this to stop and have asked their govermment to impose a tariff on all imported pineapples. Your team has been asked to show how the producers would benefit and Barterland's consumers suffer. Explain and illustrate. (Hint: look at the tariff discussion in the international econ lecture model for assistance here) .5o how do you do this test? The simple answer is you apply everything you've learned about Money and Banking, the Fed; "other "tools" the Fed may apply from time-to-time: components of the money supply, and maximum amount of new money created from excess reserves when a bank in Barterland lends its excess reserves, in addition to our study of international economics. Further, Explain how production possibilities in terms of trade would benefit Barterland. Given the country has pineapples and needs to import bourbon, how would you both explain and illustrate the concepts of absolute and comparative advantage to the finance minister. To reiterate, you and your team are pretending that you're developing an economic plan for this country which includes the aforementioned. Remember that you discuss the rationale behind your recommendations