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To determine whether high blood pressure affected whether a person had a stroke, a sample of 129 people who had had strokes are examined. In the sample, 39% had high blood pressure. If we were to test the hypothesis that at least 31% of the people who have had strokes have had high blood pressure (using the 10% level of signficance) what is the critical value? (please round your answer to 2 decimal places)
Assume that the following data describe the condition of the banking system: Total Reserves $200 billion Transactions Deposited $700 billion
What is the difference between an economic luxury and an economic necessity? Ans) An economic luxury is wasting land on pools huge garden, etc. An economic requirement is what y
Effects of consumption function.
Price Mechanism Price mechanism is the point, which equilibrates supply and demand within a market. It is a mechanism of pricing. The price mechanism is one, which permits the p
Give a brief description of the transmission mechanism 1. When the central bank target rate increases, other interest rates in the economy will increase (and the money supply
The production function is Q=3LK
Explain about the short term and long term interest rate in money demand. The Opportunity Cost of Holding Money Demand: a. Short-term interest rates Rates onto assets whi
The city of Johnstown decides to build a new stadium to attract a basketball team from the city of Rosendale. One economic advisor suggests that the stadium should be fi
Singer suggests that although the right to sell blood does not threaten the formal right to give blood, it is incompatible with "the right to give blood, which cannot be bought, wh
Interest rate determination The real interest rate r will be equal to the equilibrium real interest rate In the classical model we define equil
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