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A normal population has a mean of 20 and standard deviation 4.
a. Compute z values associated with 18, 20 and 25.
b. What proportion of population is between 20.0 and 25.0 c. What proportion of population is less then 18.0.
Explain how an open market purchase of bonds by the Federal Reserve will increase the money supply.
Consider a consumer whose preferences over the goods are represented by the utility function U(x; y) = xy2. Recall that for this function the marginal utilities are given by MUx(x; y) = y2 and MUy(x; y) = 2xy. (a) What are the formulas for the indier..
Suppose stock markets in the U.S. have a very successful month, and the indices increase by 10%. As a result, we can expect aggregate ______ to ______.
The manager of the aerospace division of General Aeronautics has estimated the price it can charge for providing satellite launch services to commercial firms.
Assume that you have an economy that is in the early months of a recession. Unemployment is 7.2% and rising. Inflation is at 1.2% and relatively stable at the level. Consider a policy based on Taxes. Develop a policy that will help get the economy ou..
In 1885, first class postage for a one-ounce letter cost $0.02. The same postage in 2015 costs $0.49. What compounded annual increase in the cost of first class postage has been experienced over this period of time?
Each potential bidder writes down a bid on a piece of paper. buyer with highest bid gets item and has to pay third highest bid. Is there dominant strategy equilibrium for this auction. Make sure you exhaust all possibilities.
When the government imposes a price floor above the market price, the result will be that:
What are the benefits and drawbacks of having a health program that varies by state versus having one that is uniform across the country? Do you find that the positives of state flexibility outweigh the negative or vice versa? Is it fair that similar..
Over the business cycle,
Presumptuous the demand curves were linear or graphically demonstrate your reasoning.
"Since the statistical discrepancy in the U.S. balance-of-payment accounts is so large, we cannot rely on the U.S. BOP statement to give information on the size of various 'balances' with any precision. Perhaps the U.S. BOP statement is essentially u..
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