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Describe a situation in which autocorrelation might be present and which of the three methods of detecting autocorrelation you would leverage. Explain your rationale.Describe what remedial measure you would take to address autocorrelation if it were found. Provide examples to support your response.
Discuss the model or economic theory that relates to the issue presented in the news article and discuss what economic theory states and predicts about the issue presented in the news article.
Use the IS-LM model to determine the effects of each of the following on the general equilibrium values of the real wage, employment, output, real interest rate, consumption, investment, and price level.
(library research) Explain (a) in what way the US trucking industry exemplified the capture theory hypothesis of government regulation prior to the passage of the Motor Carrier Act of 1980 and (b) the result of hte passage of the Motor Carrier Ac..
Discuss the main factors (supply and demand) affecting the current price of gasoline. Include at least two supply and two demand.
Consider the firms short run decision to hire workers. Suppose that a firm produces goods for sale in the perfectly competitive market. labor markets are competitive as well.
When rent controls are imposed, the quantity supplied of apartments will be:
Explore one of the sophisticated pricing techniques (Examples of pricing techniques Price discrimination, two-part pricing, block pricing and commodity bundling) covered in this topic and provide an example of how it is used. What are some con..
Suppose the current price of copper is $3 per pound and the quantity supplied is 200 pounds per day. If the price of copper falls to $2.50 per pound, the quantity supplied drops to 180 pounds per day. Use the midpoint formula to calculate the price e..
Describe how the price system answers the five fundamental questions of economics, and discuss at least two of the short-comings of the capitalist price and market system.
calculate the point elasticity of demand for a drug when the average income in the community equals 50000 and price of
Would interest exist in a pure exchange economy where no production occurred? Explain. Please provide a detailed answer.
prepare a two- to three-page paper in apa style sixth edition format that describes explains addresses and answers the
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