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Suppose the money supply process is now represented by the following function:
where m measures the sensitivity of money supply with respect to the interest rate.
(i) Using this money supply specification, together with the money demand function in equation derive a new LM function and curve as L1M1; and,
(ii) Use this new LM function/curve together (and overlay or in the same diagram) with the IS and LM functions/curves derived in parts (a) and (b) of question 1 as I0S0 and L0M0 to explain and show quantitatively and graphically the relative efficacy of a cut of the income tax rate to 15%. Question
With the aid of the money market and the IS-LM fixed-price framework, model algebraically and graphically the key macroeconomic impact effects of an improvement financial payments technology.
Empirical Mode Where mode is ill-defined, its value may be ascertained by the following formula based upon the empirical relationship between Mean, Median and Mode: Mode = 3
Identify the (time, censor) pair for each of the following analyses:
Median Median is a position average. It is the value of middle item of a variable when the items are arranged according to their values either in ascending or descending order.
how many types of ogive are there
Mean Absolute Deviation To avoid the problem of positive and negative deviations canceling out each other, we can use the Mean Absolute Deviation which is given by
Coefficient of Variation or C.V. To compare the variability between or more series, coeffiecnt of variation is used, it is relative measure of dispersion, it innovated and used
.1 Modern hotels and certain establishments make use of an electronic door lock system. To open a door an electronic card is inserted into a slot. A green light indicates that the
Disadvantages The value of mode cannot always be determined. In some cases we may have a bimodal series. It is not capable of algebraic manipulations. For example, from t
data:59,59,65,70,74 176,179,195,210,200
Grid is the set of pairs {1, 2, 3, 4} x {1, 2, 3, 4}. Image is the power set of Grid. An element of Image is a subset of Grid and can be represented by a diagram on a 4 by 4
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