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The reduced row echelon form of A= is equal to R =
(a) What can you say about row 3 of A? Give an example of a possible third row for A.
(b) Determine the values of a and b.
(c) Determine the solution of the homogeneous system of equations Rx = 0 in parametric vector form.
(d) What is the dimension of the column space of A? Do the columns of A span R3 ?
Current Account Deficit (CAD): Boon or Bane The general belief is that high CADs are dangerous. In general, this is correct. But the converse that low CADs are good is not. A
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The economy, however, is facing inflationary pressures. To deal with the macroeconomic problem, the government uses expansionary fiscal policy to decrease taxes and, as an indirect
Consider the following flow (in thousands of people) between the various labour market states in a particular month:
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How can we calculate the Inflation rate Inflation: The rise in general prices and the decrease in value of money. Inflation is a sustained increase in the general price level
Consider the following insurance market. There are two states of the world, B and G, and two types of consumers, H and L, who have probabilities pH =0.5 and pL =0.25 (high and low
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