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In order to observe the correlations between each variable, the most effective method to use is Vector Autoregression (VAR). VAR estimation uses a system of simultaneous equations
why social faces inflation and unemployment?
discuss modern theory of determination of rent?
Mathematical Presentation: Consider the utility function U = U(x 1 , x 2 ). Differentiating totally, we get the following: dU = U 1 dx 1 + U 2 dx 2 = 0 (as along the indiffe
what is phillips curve
why lm curve upward sloping and is curve downward sloping?
what effect would a rise in the velocity of money have on output, employment and price level?
Compared with the situation before 1981, the marginal tax rates imposed on individuals and families with high incomes are now lower. What was the top marginal personal income tax r
Write a one paragraph summary and three paragraphs that take the information in the article and relate it specifically to the circular flow model and the supply and demand curves.
Government revenue, government spending and net exports G, NT and NX are exogenous variables in the classical model In the classical model (and
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