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Identify and explain 3 issues in which Krugman (2009) and Cochrane (2011) hold different views.
Article "How did Paul Krugman get it so Wrong?" by John H. Cochrane (2011)
Article "How Did Economists Get It So Wrong?" by Paul Krugman (2009)
Find the P-value for this hypothesis test. Assume the population of weights is normally distributed.
Take a moment to reflect on the process of creating your personal budget. What was the most challenging part of creating your budget?
Consider two identical economies A and B that abide by a standard Keynesian economy with partially sticky prices. Suppose the economy A is populated by agents with adaptive expectations and economy B is populated by agents with forward looking exp..
List two formal and two informal qualifications for a member of Congress today (not 40 or 50 years ago). Do you think the informal qualifications for education
Use two graphs to analyze the effects of the following shocks on the equilibrium quantity of savings, investment, the interest rate, and the current account in a world with two large countries. Assume that both countries begin with a balanced current..
An auto producer announces a credible three-year development plan to introduce a car with a revolutionary new engine capable of 100 miles per gallon. Describe the likely impact of the introduction on the price of gasoline during the three-year period..
A Wartburg engineering student has been out of school and working for a few years when they decide to buy a house that costs $233,000. They intend to pay a down payment of 20% and finance the rest at 5.75% per year compounded monthly on a 30-year mor..
Choose an administrative agency you have learned about or encountered in the business world. Using this agency, create a scenario and walk the agency through the rulemaking process to promulgate legislation that pertains to your business sector of in..
Isabel's preferences for consumption C and leisure L can be expressed as U(C, L) = (C – 120) x (L – 90), implying that her marginal utility of leisure is (C – 120) and her marginal utility of consumption is (L – 90). What is her marginal rate of subs..
Malthusian trap is known as: "A point at which the world is no longer able to meet the food requirements of the population, and starvation becomes the primary
An asset was purchased for $70,000, has a salvage value of $10,000, and has a useful life of 10 years. If the asset is placed in service on May 1 { the company's fiscal year runs from January 1 to December 31 },, what is its straight line depreciatio..
Determine the effect the following situations will have on the exchange rate for the U.S. dollar by stating (Appreciate or Depreciate):
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