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The index of industrial production is an output measure that is not as comprehensive as GDP, but it is available on a more timely basis (monthly rather than quarterly). Calculate the percentage 12-month growth rates in the index of industrial production and in the money supply, and graph these.
(a) Are growth in industrial production and in the money supply positively correlated or negatively correlated?
(b) Does one time series lead the other, or are they coincident?
(c) Are your answers to (a) and (b) consistent with what we observe in Figure 3.13? Explain.
What sorts of capital investment does this chapter suggest are most useful for explaining long-run equilibrium growth?
The seller, Ryan Miller's mom (who is a monopolist, at least with respect to these consumers, and can "produce" enough quantity to meet demand), has to determine her pricing strategy, and whether to sell the goods separately or as a bundle.
A sample of silica is coated with 0.1% of organic carbon. The silica has a surface area of 20 m2/g. Assume that only 10% of the area is occupied by organic carbon. Estimate the adsorption constant for pyrene on modified silica.
During the past year, Mario bought a used car for $5,000. Using the expenditure approach, how much has Mario contributed to GDP?
A petroleum geologist estimates that the present annual production of 300000 barrels of oil from a group of 10 wells will decrease as follows over a 19 year life: Years 1 - 4, 300000 barrels/year,, Years 5-10, 215000 barrels/year, 11-15, 125000 and..
Is the statement that "Inflation is always and everywhere a monetary phenomenon" a statement that refers to the medium run or the short run?
the industry demand function for bulk plastics is represented by the following equation p = 800 - 20Q where Q represents millions in pounds of plastic the total cost function for the industry, exclusive of a required return on invested capital is ..
Explain why this model violates the assumption of no perfect collinearity. Write the t statistic for testing the null hypothesis
a. What is the dollar value of Jackie's assets that are considered part of the monetary aggregate M1 b. What is the dollar value of Jackie's assets that are considered part of the monetary aggregate M2
The area of a triangle is 20 square feet. If the height is three feet less than the base, find the length of the height and base of the triangle.
Discuss the argument that paying for human blood has the effect of lowering its average quality because people who are driven by the profit motive to provide blood are more likely to be drug addicts, alcoholics, and have serious infectious disease..
What does the acronym SMEAC stand for, and how does it apply to computer investigations?
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