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Which of the following statements is NOT a difference between the classical and Keynesianmonetary theories?
a) Keynes emphasized the role of the speculative demand for money, whereas classicaleconomists focused on the transactions demand
b) Classical economists use the quantity theory channel, while Keynesians use the interestrate channel.
c) Keynesian analysis emphasizes the long run, whereas the classical economists focus onthe short run.
d) The classical approach says that monetary changes directly affect the price level,the Keynesian approach states that changes in money affect the economy only indirectlythrough changes in interest rates and investment.
A city government is considering two types of town dump sanitary systems, as shown below. Select the better system based on BC analysis at 8% social discount rate (same as MARR). Design A Design B Initial investment $400,000 $300,000
Assume that the dataset you have represents the whole population. Calculate the standard deviation of the population and use it to calculate the confidence interval for the population mean for the same random sample for 90%, 95% and 99% confidence..
Population variances of the test scores for the two sections are the same? Be specific about the null and alternative hypotheses and show the steps of your test and indicate your conclusion.
A U.S. dollar costs 7.5 Norwegian kroner, but the same dollar can be purchased for 1.25 Swiss francs. What is the Norwegian krone/Swiss franc exchange rate?
If you want to have $100,000 in the account at the end of the 15th year, how much money would you have to deposit in the account at the end of each year (equal annual deposits for 15 years).You are investing in an account that will pay 15% interest..
Briefly summarize the impact of an oil import tax by explaining who is helped and who is hurt among the following groups: domestic oil consumers, domestic oil producers, foreign oil producers, and the US government.
In 1990 Mrs. John Hay Whitney sold her painting for $71 million. The buyer also had to pay the auction house commission of 10%, or a total of $78.1 million. The Whitney family had purchased the painting in 1929 for $165,000.
Hank Steinbrenner, the owner of the New York Yankees, has a utility function of wins in a season given by Mr. Steinbrenner has been offered a trade. He believes if he completes the trade, his probability of winning 121 games is 45%.
(a) What will be the result when each firm chooses a high-price strategy (b) What will be the result when Firm A chooses a low-price strategy while Firm B maintains a high- price strategy (c) What will be the result when Firm B chooses a low-price st..
The mean annual income for people in a certain city (in thousands of dollars) is 38, with a standard deviation of 31. A pollster draws a sample of 43 people to interview. Find the 68th percentile of the sample mean.A certain car model has a mean..
Jacob Verytall signs a "Fifty Million Dollar" contract with the Mission City Muckrakers, a new basketball team. If he takes the job, he will pay $1000 dollars in moving costs immediately. Then he will be paid $10 million per year over the next 5 y..
(a) Calculate the equilibrium price and quantity of coffee-makers. (b) Draw consumer surplus and calculate its exact value. (c) Draw producer surplus and calculate its exact value. Now assume that Home opens up to trade.
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