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Go to the Dismal Scientist Web site and download quarterly data for the broad index of the real dollar exchange rate over the past 30 years. Also download quarterly data over the same period for real net exports of goods and services. Assess the relationship between the exchange rate and real net exports from quarter to quarter. Does this relationship fit the assumption of the open economy model whereby an appreciation of the exchange rate lowers net exports? Comment on the possibility of a "J-curve" effect, that is, the situation where a depreciation of the exchange rate initially reduces net exports through valuation effects and only increases net exports over time as quantities adjust with a lag.
Go to the Dismal Scientist Web site and download monthly data over the past ten years for the U.S. consumer price index, both for the overall index and the core index that excludes food and energy prices. Compute the 12-month inflation rate (i.e., December to December, January to January, etc.) in order to smooth out month-to-month volatility in inflation. Compare the measure of inflation for the overall index with the measure for the core index. Explain how one might interpret periods where these measures are significantly different from each other as periods during which supply shocks occurred. Discuss how these shocks may have shifted the short-run aggregate supply curve and Phillips curve for the economy.
The question is what is the maximum probability of last thing happening (-$10 million) that will induce the person to vote for action.
describing market trends with disney theme parks also supply and demand analysis whereas impact of government regulations.
If gross investment is not large enough to replace capital that depreciates in particular year, is net investment greater or less than zero? What happens to our production possibilities?
The number of repairs manufactured by a computer repair shop depends on the number of employees as given follows:
Illustrate the main kinds of information and data needed in order to evaluate a capital.
Explain why competitive markets normally lead profit maximizing firms to make choices about resource use that lead to an "efficient" allocation of resources to the market?
Money is an interesting topic and there is much to learn that is not common knowledge regarding how we create money, especially money that is just printed!
Elucidate a firm competes in the market. Does the firm engage in price or non-price competition
Suppose the following cost functions of a perfectly competitive company? Compute the firms profit or loss, should firm shut down if loss?
economists also the public at large normally think of skill-level having having an inverse relationship with unemployment.
Suppose last year's real GDP was $10,000 billion, this year's nominal GDP is $13,800 billion, and GDP-deflator for this year is 110. Determine the growth rate of real GDP?
What is the maximum per unit that sellers are willing to pay intermediaries if hiring them saves $8 transaction costs?
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