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From stock and Watson 3rd edition introduction to econometrics
Using the data set Teaching Ratings described, carry out the following exercises.
a) Run a regression of Course_Eval on Beauty. Construct a 95% confidence interval for the effect of Beauty on Course_Eval.
b) Consider the various control variables in the data set. Which do you think should be included in the regression? Examine the robustness of the confidence interval that you constructed in (a). What is a reasonable 95% confidence interval for the effect of Beauty on Course_Eval?
Describe how price level evolves over time Using the time series we can study how price level evolves over time. If all prices rose by 2% during one month, price level would ri
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
1. Christopher has $200,000 to invest, and he is considering the following business opportunity. He would use his $200,000 to buy a mechanical self-service car wash. He'll earn $40
DIFFICULTIES IN MEASURING THE NATIONAL INCOME There are some conceptual and statistical problems in measuring national product. Some items are excluded from the national incom
What is Supply-side Economics Market Freedom? Markets must be allowed to work more freely and steps taken to improve this efficiency by: freeing them from governm
What is Money supply The monetary base is only a small part of the total money supply but, through the multiplier effect, the central bank's control over the money supply is ma
What are forms of price ceiling to lead inefficiency? Price ceilings frequently lead to inefficiency into the forms of: a. Ineffective allocation to consumers b. Wasted r
Consider the supply of money graph above. Which of the following can be determined at the intersection of the Money Demand and Money Supply curves? The rate of open market transact
Q. Evaluate Nominal wages? Nominal wages W = (W/P).P The nominal wage is equal to the real wage times the price level. Because the real wag
By what percentage did the price level, as measured by this index, rise between 1984 and 2005?
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