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Why should you use heteroskedasticity- and autocorrelation- consistent standard errors in your regression package when estimating the distributed lag regression model. What are the properties of the OLS esimator in the presence of heteroskedasticity and autocorrelation in the error terms? Explain why it is likely to find autocorrelation in time series data.
Italy great art treasures are owned and managed by the government. However, Italy cultural institutions are in trouble because of inadequate government funding.
Consider a point on a supply curve where price and quantity are positive
Does either player have a dominant strategy here?
Consider a Stackelberg duopoly game of quantity competition. Firm #1 is the "Leader" and firm #2 is the "Follower." Market demand is given by the inverse demand function p=1000-4Q.where Q=q1+q2 is the total output of the two firms.
Suppose the market demand for burritos is given by Qd = 40 - 5P and the market supply for burritos is given by Qs = 10P - 20, where P = price (per burrito).
Suppose that GDP is currently$25,000 and the marginal propensity to consume is .50. Ifautonomous investment increases by $5,000, what will GDP be in the new equilibrium
Suppose Springfield's economy moves into a recession and Y falls to $9 and rising unemployment allows widget makers to reduce wages to $18 per hour. What happens to the supply and demand curves.
Thus processing firms pay $65. Use the information in Problem 37 to determine how many tons firms buy and how many tons the government buys. Illustrate your answer in a supply-anddemand diagram.
A group of 20 doctors are considering forming a new medical group and have asked you to prepare a report on whether they should build a facility in an area within 30 miles of the downtown center of your 500,000 population city for $100 million dol..
Which policy would a supply-sider prefer, an across-the-board tax reduction in income tax rates or a package of tax-relief measures that would give every household a $200 tax rebate and allow them to deduct the interest they pay on credit card pur..
For the product shown, assume that the minimum point of each firm's average variable cost curve is at $2. Construct a demand and supply diagram for the product and indicate the equilibrium price and quantity.
A firm produces two different goods, with demand given by the following Pa=100-2Qa-Qb and Pd=90-2Qb where Pa=price of good A Pb=price of good B, Qa=quantity of good A and Qb= quantity of good B there are 30 units of each in storage
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