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Go to www.federalreserve.gov/FOMC/default.htm, the official website of the Federal Open Market Committee (FOMC) of the Federal Reserve Board. Click on the "Meeting Calendars, Statements, and Minutes" tab and choose the link to one of the most recent statements from FOMC meetings. What are the factors cited in this statement that determined the FOMC's decision of changing (or keeping constant) its target for the federal funds rate?
Estimate the three multiple regression coefficients. Estimate their standard errors. Obtain R2 and R2-. Estimate 95% confidence intervals for B2 and B3
A company experiences rising returns to scale; that is, doubling all its inputs more than doubles its output. What can be inferred about the company's short-run costs?
what do such high returns imply about the market's expectations regarding the future profitability of U.S. firms?
Use the data above to graph the aggregate demand and aggregate supply curves. What is the equilibrium price level and the equilibrium level of real output in this hypothetical economy Is the equilibrium real output also necessarily the full-employ..
Analyze basic growth data for Austria for the period 1970 to 2007. Find the Steady-state equilibrium level of GDP per capita and real GDP growth rate. Variables Gross Output (real GDP) Net Output (real NDP) Depreciation InvestmentICT Investment
In a two-player, one-shot simultaneous-move game each player can choose strategy A or strategy B. If both players choose strategy A, each earns a payoff of $500. If both players choose strategy B, each earns a payoff of $100.
We defined the Lerner Index LI = 1/-e where e is the elasticity of demand. We also showed that LI can be alternatively expressed as (P-MC)/P . Use these relationships to show that LI can never exceed 1. What does this imply is the minimum elasticity ..
Suppose the government doesnAc€?ct want to discourage employers from hiring research assistants and, therefore, wants to minimize the share of the tax paid by the employers. Of the three tax proposals, which is best for accomplishing this goal?
Assume that Erica's preferences for wages and risk are given by the utility U =W x e-12R. Her friend Rambo's utility function is U = W x e-3R. Assume that W represents the hourly wage and that there is a range of job types within a particular firm..
Fill out columns three and four of the table above (the marginal product of labor and the value of the marginal product of labor when the price of output equals $3 per mug).
The state has announced its plans to license two firms to serve a market whose demand curve is given by P = 200-Q.The cost function ofall potential firms is C = 20q,and the technology is such that once each firms output is chosen, it cannot be alt..
If Boeing's dollar aircraft prices increase 20 percent and the yen/dollar exchange rate declines 15 percent, what effective price increase is facing Japan Air Lines for the purchase of a Boeing 747 Would Boeing's margin likely rise or fall if the ..
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