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Assume the inflation rate in Canada to be 5 percent per year for the indefinite future.
(a) How much would a Canadian dollar, at the end of 10 years, be worth in terms of today's dollar? [$0.6139]
Explain how would you respond to this question. Explain how might the bank tie in the concept of utility maximization into the campaign.
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You have been hired by a local used car dealer to help in their pricing of used cars. then what the estimated coefficients mean for each of these regressions.
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