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(Long-Run Phillips Curve) Suppose the economy is at point d on the long-run Phillips curve shown in Exhibit 6. If that inflation rate is unacceptably high, how can policy makers get the inflation rate down? Would rational expectations help or hinder their efforts?
Find a 95% confidence interval for the difference in the proportions of units that meet the specification be- tween units with gold wire and those with aluminum wire.
Which auction should you choose to maximize your profit? The first-price bidders shade their bids by 20% of their evaluation of its value. The second-price bidders all utilize the optimal strategy for second price auctions stated in the textbook.
Ford Motor Company was able to reduce by 80% the cost required for installing data acquisition instrumentation on test vehicles by using MTS-developed spinning wheel force transducers. (a) If this year's cost (i.e., end of year 1) is expected to be..
Suppose that in the domestic market for computer chips the demand is Pd = 110 Qd . The domestic supply is Ps = 10 + Qs . Foreign suppliers would be willing to supply any number of chips at a price of 30$.
Explain the economics of the substitution of ATMs for human tellers. Some banks are beginning to assess transaction fees when customers use human tellers rather than ATMs. What are these banks trying to accomplish?
question 1 - a cross-sectional studythe data you need for this question is on the sheet companies. there are figures on
Recall from introductory economics that an raise of $1 in government spending may raise GDP through more than $1. The exact value by which GDP goes up is multiplier.
The FCC requires local telephone companies to provide access to their local networks before being able to offer long distance service.
Subtract these from the actual outcomes to obtain the forecasts. Derive a confidence interval for the forecast for 1994.
Suppose that: y-sqwiggly line on top=1/2Y1+1/3Y2+1/6Y3 a) show that y-sqwiggly line on top is a linearestimatorb) show that y-sqwiggly line on top is an unbiasedestimator
Assume the point elasticity method. 1. Anna owns the Sweet Alps Chocolate store. She charges $10 per pound for her hand made chocolate. You, the economist, have calculated the elasticity of demand for chocolate in her town to be
Does it matter whether p and F are interpreted as subjective or objective quantities? If the revenue service chooses to prosecute celebrities for evasion while fining non celebrities, does it believe in the objective interpretation?
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