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The table gives estimates of the rate of money supply growth and the rate of real GDP growth for five countries in 2000:
a. If you were a monetarist, what would you predict about the rate of inflation across the five countries?
b. If you were a Keynesian and assuming activist central banks, how might you interpret the same data?
You are planning to build a new home with approximately 2,000-2,500 gross square feet living space on one floor. In addition, you are planning an attached two car garage (storage space) of approximately 450 gross square feet.
What is the socially optimal level of automobile tire production? What is the total net loss to society from the production of tires 49 through 60?
McDonald's is a force to contend with both domestically and globally. The company has been a success story world-wide because of its focus on marketing details and because it plans globally yet acts locally.Choose a doughnut/cinnamon bun/bread..
Analyze basic growth data for Austria for the period 1970 to 2007. Find the Steady-state equilibrium level of GDP per capita and real GDP growth rate. Variables Gross Output (real GDP) Net Output (real NDP) Depreciation InvestmentICT Investment
Between 1984 and 2001, the U.S. government made it much easier to get disability payments and the number of disabled people more than doubled from 3.8 million to 7.7 million. Once on disability, citizens then count as "out of the labor force."
Of the random variables (Y*, Y, X) only the pair (Y, X) are observed. (In this case, we say that Y* is a latent variable.) Suppose E(Y*| X)= Xβ and Y = Y* + u, Find the asymptotic distribution of √n(βˆ - β). as n →∞
What is the effect of monetary policy in the short run?What is the effect of monetary policy in the short run?
Now suppose the government taxes water users and uses the revenue to fully compensate farmers for their losses. Is the law now efficient according to Pareto? Is it Kaldor-Hicks efficient? Explain.
Create a Laspeyres price index using June as the base period (that is, use Arnold's consumption bundle for June to create the fixed weights). How did his cost of living change according to this measure?
What is the Stackelberg equilibrium, when Firm 1 acts as the leader? What is the market price at the Stackelberg equilibrium? What is the profit of each firm?
Current monetary policy Go to the Web site for the Federal Reserve Board of Governors (www.federalreserve.gov) and download the most recent monetary policy press release of the Federal Open Market Committee (FOMC). Make sure you get the most recen..
Labor is supplied by competitive suppliers, and everywhere along the supply curve the elasticity of supply is 3. The firm is a monopsonist in the labor market. What wage rate will it pay its workers?
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