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What is the different between interpretation of coefficient in SLRM and MLRM? How does it relate to omitted variable bias? How about a linear versus nonlinear multiple regression model coefficients? (quadratic). What is the role of controls?
Two cities are very similar. First City has five hospitals: two with 130 beds, one with 115 beds, one with 100, and one with 90. Second City has four hospitals: one with 200 b
The demand and supply curves in the market for college education determine the equilibrium price and quantity of education. Assume the student for college education is given b
Suppose that households in the US switched some of their wealth out of their checking accounts and into short term bank CD's. If banks use all excess reserves to support incre
In Carbon Democracy, Timothy Mitchell argues that the world is facing “twin crises” that will radically change our current ways of living, and in particular our current forms
Chris has $100 to spend this month on movies and/or books. A movie costs $10 and a book costs $20. Draw Chris’s budget constraint (or budget line), with the number of movies p
Identify the strongest two arguments in favor of such a tax and the strongest two arguments against such a tax.
Sergei is a computer programmer with a utility function equal to U=Y+120L-L . He contracts with Uber that allows him to set his own work hours; they pay him $50/hour. He has a
The Harrod-Domar model predicts that a country’s long-run per capita growth rate depends on its rate of savings, whereas the Solow model predicts that it does not. According t
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