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Since under a fixed exchange rate system the exchange rate does not change, does this mean that the BP curve never shifts? Why or why not? If it in fact does shift, what effects do such movements have on the equilibrium interest rate and equilibrium income if financial capital is imperfectly mobile? Briefly explain.
Try the machine learning K-nearest-neighbor algorithm on the PUMS data to get another view of the "interesting pattern" from above. How good of a classification can you get?
Find the market price and total output level. How does the monopolist allocate its production between plant 1 and plant 2
describe how the budget constraint of a household in a two-period model is affected by each of the following changes.
Since the US gov't was running a budget deficit at the time, assume that the war was financed by gov't borrowing. How does the equilibrium interest rate and private investment change in response to gov't expenditure on the war?
consider the economic data for country aunemployment level of 15natural rate of unemployment is 6.required reserves is
Define what is a graph that shows the demand schedule or how much of a good or service an individual is able to purchase at each price.
Let P and S denote the (constant) costs of permits and the scrubber, and let the discount rate be r and the growth rate of the demand for permits be 0
Assuming individuals hold no cash (all cash is in bank vaults as reserves), calculate the simple money supply from the following reserves requirements and deposits in the systems. 5 Points each, 30 points subtotal
Her salary rate is $8 every hour and she has 15 hours per day to allocate between labor and leisure.
What annual inflation rate is implied from a market interest rate of 15% per year when the real interest rate is 4% per year?
The organization you wish to pursue will convert existing hybrid Toyota Prius automobiles to plug-in hybrid vehicles.
Why do business departments have more money than otherdepartments? What economic measures can be taken to relieve thedifferences in salaries?
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