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Assignment:
Richardson and Troost (2009) want to estimate the effect of Fed bank policy during the Great Depression.
They compare the northern and southern half of Mississippi.
Why?
Consider the following specific factors model of an international economy consisting of two countries, A and B and two goods a and u and three factors: capital and skilled (L.) and unskilled (L„) labor . Initially, assume that capital is mobile acros..
Explain the structure of the Fed and the hierarchy of governance. Is the Fed a public or private entity? Who owns the Fed? Cuyamaca College. econ 120.
In chapter 5 Froeb discussed post-investment holdup as a sunk cost associated with contract specific fixed investments. The modern theory of contracts.
Health Economics - Economic Evaluation Homework. What is the total cost for the survivors receiving treatment A? Draw a simple decision tree showing the costs
What happens to equilibrium output and the equilibrium interest rate in the short-run, and equilibrium output and theequilibrium price level in the long-run.
What is the variance of this portfolio and What is the expected return of the portfolio?
What is the maximum capital cost of the conversion unit for which a refiner should proceed with the investment and what does this tell you about the significance of estimating future product prices?
Professor Donald Boudreaux wrote (Wall Street Journal, 8/23/06, p. A11), that "There are heaps of bad arguments for raising the minimum wage.
Suppose the government misjudges the natural rate of unemployment to be much lower than it actually is, and thus undertakes expansionary fiscal and monetary policies to try to achieve the lower rate.
How much would you recommend paying the expert? How much would the company be willing to pay for perfect information on A only?
Suppose that the farmer has 100 acres of land and can only grow 500 units of either crop per acre. If the price of water is expected to be $1.8 in 2014, how much water does this farmer consume?
Describe the current state of the economic factors and analyze how each affects aggregate supply and demand.
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