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Context: Reading:
The deep recessions that followed the housing-related global financial crisis in 2007-2009 sparked renewed interest in house price cycles. Answer the below with an economic perspective. You can state your personal opinions, but base them on economic arguments rather than broad political beliefs.
https://voxeu.org/article/what-drives-house-prices-some-lessons-literature
https://www.economist.com/finance-and-economics/2020/09/30/why-despite-the-coronavirus-pandemic-house-prices-continue-to-rise
Question to answer: What explains the different house price experiences in the pandemic compared with the global financial crisis?
Find a 90% confidence interval to estimate the difference in the percent of students who pass using the two methods.
Recognize and utilize the vocabulary, terms and theories essential to the discipline of Economics - Describe the differences between macroeconomics and microeconomics.
What asymetric Information can contribute to the onset of both a currency and financial crisis.
Recessions often lead to calls for protectionist measures to preserve domestic jobs. Suppose that a country that is in a recession imposes restrictions that sharply reduce the amount of goods imported by the country. Using the Keynesian AS-AD model, ..
Society’s total surplus is maximized in perfectly competitive markets. Statement 2: In the long run, only perfectly competitive firms operate at the minimum of the average cost (AC) curve.
What is the difference between a small business owner and an entrepreneur and Which are you or do you aspire to be?
This game is adopted from episode six of the Survivor Thailand television series that aired in fall 2002. Two players alternate in taking turns to remove some number of flags from a field with 31 flags. Each time it is a player’s turn, he may choose ..
Elle's prefrences over apples(A) and bananas(B) are represented by the Cobb-Douglas utility function; U(A,B) = AB. Write down the optimization problem. What is the objective function? What are the choice variables? What is the constraint? What are th..
Will a production possibility curve expand outward more if the country prefer more consumer goods than capital goods, after 10 years?
What is the expressive theory of voting and what are it's implications for democracy?
Candice can make 5 units of food per day if she devotes all of her time to food production. She can make 10 units of clothing if she spends the whole day at clothing production. Now suppose a trading ship visits the island each day and offers to buy ..
In the long-run, fiscal policy impacts the supply side of the economy. Why do we ignore these effects in the short-run?
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