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a. What is the difference between trend-stationary and difference-stationary processes?
b. Why is this an important distinction, and how does our belief regarding which of these best characterizes output affect our forecasting strategy?
c. Perron suggested that output might best be characterized as trend stationary with breaks. How does this help resolve the question of the importance of shocks to aggregate demand?
What is the "current macroeconomic situation" in the U.S. (e.g. is the U.S. economy currently concerned about unemployment, inflation, recession, etc.) What fiscal policies and monetary policies would be appropriate at this time Can I please have ..
Suppose the money supply grows at the rate between periods t1 and t, find seignorage income in period t. Show that seignorage income is monotonically increasing in and bounded above. Find this upper bound in terms of the structural parameters of t..
Econ 4010-090 - How does the diagram now look like and what is Billie's marginal rate of substitution? Is Billie's marginal rate of substitution of coffee for tea decreasing?
Analyze the arguments for government intervention as opposed to arguments for market-based solutions.
Suppose that there are only three types of fruit sold in the United States. Annual sales are 1 million tons of blueberries, 5 million tons of strawberries, and 10 million tons of bananas.
What's the likely bargaining negotiation outcome if the PBM bargains by telling each drug company that they're going to reach agreement with the other drug company?
Does the PPC illustrate the law of increasing additional cost What is the opportunity cost to this student for the additional amount of study time on economics required to mover her grade from 60 to 70 From 90 to 100
Suppose a firm assesses its profit function as: X=profit X= -10-48Q+15Q^2-Q^3 a.) Compute the firm's profit for the output levels of (Q=2, 8, 14) b.) Drive an expression for the marginal profit. c.) Compute marginal profit at Q=2, 8, 14.
Identify and list the various costs-fixed and variable, direct and indirect-required to execute the project.
What were nominal interest rates in Britain and the euro zone after 1998? How would Britain have fared if the ECB had been setting Britain's nominal interest rate at the euro zone level and the pound sterling's euro exchange rate had been fixed?
Suppose that work hours in New Zombie are 300 in year 1 and productivity is $14 per hour worked. What is New Zombie's real GDP If work hours increase to 320 in year 2 and productivity rises to $16 per hour, what is New Zombie's rate of economic growt..
Robinson Plastics makes clear plastic products with injection molding techniques. Their latest invention is a plastic cup with a sharp blade mounted inside to cut prescription pills into small pieces.
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