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Using the Statistics Canada CANSIM database, obtain annual data on consumption of durables, consumption of nondurables and services and real GDP for years 1981-2018, and show graphically that consumption of durables is more variable relative to trend than consumption of nondurables and services. Speculate on why we observe these phenomena.
(Hint: Take the log of each variable, then use TREND function in Excel to obtain trended values. From there, you find the short-term deviations of the variables of the interest for the available years) (Excel File must be submitted)
After a cyclone banana crops have been destroyed, in response to damaged crops banana prices increased from $2 to $15. How do you expect the Banana market to adjust in the long-run?
Suppose the spot price of the euro is currently $1.47 and the 1-year forward price is $1.56. Is the 1-year interest rate higher in the U.S. or in the euro zone? (HINT: remember that Sf/d = 1/Sd/f and Ff/d = 1/Fd/f )
Tywin is considering buying a house for $479,000. He intends to pay 20% as a downpayment and finance the rest using a mortgage from the Iron Bank.
the cost of pollution in billions of dollars originating in the paper industry iscp 2p p2where p is the quantity of
how many hours you spend playing. How much time should you spend studying microeconomics?
What is the angle (assumed to be less than 90º)between the wrench handle and the direction of the applied force?
Economic expansions in Europe and China would cause
Consider the market for cable-based Internet access service, which is a normal good. Explain whether the following events would cause an increase or a decrease in demand or an increase or a decrease in the quantity demanded.
The short-run aggregate supply curve (SRAS) slopes
Danny Praise Computer Chips Ltd. is experiencing a period of rapid growth. Earnings and dividends are expected to grow at a rate of 15 percent during the next.
Provide the equation for the monopolist's marginal revenue function. (Hint: Recall that Q1 + Q2 = Q.)
If the price for education is set by the market supply and demand. Subsidies are provided by scholarships and grants. How do these subsidies affect the market for education?
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