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Question: The New England Patriots are currently a 9.5 point favorite over the New York Jets in their upcoming match this weekend. Suppose the bookmaker offers 11 to 10 odds for bets on this game (so a person must pay $11 to bet $10).
a. If you bet on the Patriots and they win by 7 points, will you win or lose the point spread bet?
b. Suppose there are 100 people betting on each team and the Patriots win by 14 points. Show how much the winners receive, how much the losers pay, and the profit (or loss) of the bookmaker.
c. Now suppose there are 50 people betting on the New York Jets and 150 people betting on the Patriots. Show how much the winners receive, how much the losers pay, and the profit (or loss) of the bookmaker in this case (the Patriots still win by 14 points).
On Sunday October 23rd, Eastern Turkey was hit by a strong earthquake. Analyze the effects of this temporary negative supply shock on the real output and real interest rates using an IS-LM model. b. Show the effect of this negative supply shock.
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Following are some compounding and discounting problems: At 12 percent simple interest, what does $230 grow to in two years?
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Government spending is often too small to have the impact that governments usually want to see on the economy. However, something occurs in the economy after the initial government injection which makes the end result much larger than the initial ..
government regulation principal regulatory mechanisms please respond to the followinga. determine which of the major
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