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Life cycle: According to the intertemporal substitution hypothesis, what's the sign of the of labor supply elasticity? Is it same with what the static model tells us? If not, what's the difference and why?
The banking market in Athens, Ohio, currently has four banks with market shares of 60%, 20%, 15% and 5%. The two smallest banks have proposed merging. Under the standard merger guidlines of the Federal Reserve and the Justice Department
Provide one quote and its context for both a positive and normative statement. Evaluate the statement choices of your fellow students.
If the offer price is $21 per share and the company's underwriters charge a spread of 7.5 percent, how many shares need to be sold?
What does the random variable X represent? What is the distribution of the random variable X?
The equilibrium price for a good is $20. The government imposes a $30 price ceiling. Why do we expect firms in this market to only charge $20?
Identify the key individuals in this case. Each team member must select a different individual from the case to explain his or her ethical or unethical actions and how those actions influenced the events that occurred.
Imagine two economies. In one, economy A, technological improvements are rare, and the basket of goods and services that households consume is essentially unchanged from one year to the next.
Elucidate the consumers opportunity set in a diagram. Explain how does this change alter the market rate of substitution between goods x and y.
Suppose a government moves to reduce a budget deficit. Using the model developed in class: a) Graphically illustrate the impact of reducing the government’s budget deficit by increasing (lumpsum) taxes on household income. Be sure to label:
What is a business cycle? With an aid of a graph, identify the phases of the business cycle. Why would economist expect unemployment to fall during an economy’s expansionary phrase and to rise during a contractionary phrase? Discuss and make referenc..
ECO 716 Applied Economic Analysis - explain the definition of each of the spending components (an any other technical terms you use). You may use charts and graphs as appropriate. The finished report should be 3 to 5 pages, and include a Executive ..
Write a program on STATA that will construct a moving average on a given variable, given a ‘window' and store it as another variable.
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