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Suppose that in contrast to (8.1), investment in period t is productive in that period. Compare these two formulations of the investment problem. Assuming that all functions are differentiable, create Euler equations for each specification. Explain any differences.
Do comparativists reject universalist theories? Under what conditions are category A and category B systems identical? Hint: reflect on culture, politics, and ethics.
Figure 20-8 presents the evolution of real and nominal exchange rates for Canada and the United States. Obtain a similar graph for real and nominal exchange rates in Germany and the United States.
If both bid the same amount, the $100 is split evenly between them. Assume that each of them has only two $1 bills on hand, leaving three possible bids: $0, $1, or $2. Write out the payoff matrix for his game, and then find its Nash equilibrium.
Now, test H0: f2 = 0, f3 = 0, and f4 = 0 in the model Price = f0 + f1assess + f2lotsize + f3sqrft + f4bdrms + u The R-squared from estimating this model using the same 88 houses is .829. iv. If the variance of price changes with assess, lotsize, sqrf..
Which of the following statements about poverty rates is not true?
Why does the way the government uses a surplus make a difference for investment spending? Consider the following scenarios:
The government is considering using expansionary fiscal or monetary policy to help get the economy back to full employment. Which type of policy will result in a higher level of net exports?
Devise two research questions. What do you want to find out? What information do you need in order to make better sense of the play?
consider a hypothetical consumer richard who spends all his income on two food items pizzas and burritosa if richard
There is a lot in the news about capitalism and socialism, and it appears that the words are thrown around without a lot of understanding about what they actually mean. Your assignment is to research both "isms" and find the following.
Taxes, oil prices, and workers Everyone in the labor force is concerned with two things: whether they have a job and, if so, their after-tax income from that job (i.e., their after-tax real wage). An unemployed worker may also be concerned with th..
Fit the modified model to the data in Table 10.11 and obtain estimatesof ß1 to ß4 .
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