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What are the three actions that the federal government can take to fight recession using fiscal policy?
The time series Xt is generated through the ARIMA model. Where B is the back-shift operator, and at is white noise.
Suppose there is no public debt in year 1 but experiences a budget deficit of $60 billion in year 2, a budget surplus of $10 billion in year 3, a budget surplus
These projects may even bypass the economic evaluation using engineering economy that normal projects are subject to.
Consider the following game: There are 3 players. Each player decides whether to work on a common project or not. The project is successful only if 2 or more players work on it. When the project is successful, each player obtains a payoff of 20. When..
Assume that the train ticket price is $100 and 1000 passengers use train per day. 2000 passengers use buses and 5000 passengers use their own car. What can you say about the elasticity and cross price elasticity of these three transportation modes? W..
Explain the logic verbally using economic theory and illustrate with at least one theoretical graph. My variables are represented by the independent variable, annual median income, lying on the x-axis and dependent variable, greater or equal to seven..
How will this fee affect the profit maximizing price and quantity? How will this fee affect the monopolist's profit?
Axelrod and Hamilton in "The Evolution of Cooperation" discuss the stability of the reciprocal strategy TIT FOR TAT. Is TIT FOR TAT an evolutionary stable strategy (according to the technical definition of ESS - see Skyrms, "Evolution" on blackboard)..
The government imposes a maximum price on apartments that is below the equilibrium price.
Consider data on U.S. refrigerator sales from 2009. the market shares of the top 4 firms was 12% for Sears, 9% for lowes. 5% for walmart and 3.5% for home depot. firms 5 through 25 combined summed to 20.5 % and all other independents outside the top ..
You are an efficiency expert hired by a manufacturing firm that uses K and E as inputs. The production function for a competitive firm is Q = K1/2 E1/2. The firm sells its output at a price of $32, and can hire labor at a wage of $12.44 per hour. In ..
The nominal interest rate on a savings account is 4%, compounded monthly. what is the actual monthly interest rate? & is the effective annual interest higher, lower, or the same as the nominal interest rate?
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