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1. Section 6-2 emphasized how the Phillips curve (sans inflationary expectations) broke down in the United States. You might ask yourselves, But does it hold in other countries? The goal of this exercise is to give you the chance to experiment with the data and try to find a country for which the Phillips curve might still hold. In order to do this, go to www.bls.gov and mouse over "International" under "Subject Areas." Click on "Foreign Labor Statistics." Using the "One-Screen Data Search" for "Labor force statistics, productivity and unit labor costs, consumer prices," choose a country and add the Consumer Price Index and the unemployment rate into the selection box (use the "Add To Your Selection" button instead of "Get Data" to put more than one series into the selection box.) Place the annual data for these two indicators into an EXCEL file. Calculate the inflation rate in the CPI and create a scatterplot that has the unemployment rate on the X axis and the inflation rate on the Y axis. Does your graph look anything like a Phillips curve? Try to do the same for another country. If you find a country for which it works, please let us know.
which circumstances will the results be the same?
the australian government administers two programs that affect the market for cigarettes. first media campaigns and
study the determinants of house prices. collecte a dataset with 43 observations in the same town in the south of
Consider the economy of Hicksonia. A. The consumption function is given by C = 200 + 0.75(Y-T) Investment function is I = 200 - 25r Government purchases and taxes are both 100.
Income Savings I(planned) Consumption 200 -20 60 400 0 60 600 20 60 800 40 60 1000 60 60 1. Fill in the last column. 2. The equilibrium level of income in this example is 3. According to this data, the marginal propensity to consume is .
Suppose that Mensa Inc. is a representative firm operating in a perfectly competitive industry. Mensa's total cost of production, TC, is given by the equation TC = 5,000 +5q2, where q is Mensa's output. How much profit does Mensa make at that outpu..
Multicollinearity refers to existence of correlation among the independent variables in a multiple regression model. Explain how multicollinearity can impact your regression analysis.
Who does Graeter's consider as the company's real competition? Do you agree or disagree withhis assessment? Explain why or why not.
Use a graph to show that the entry of store-brand lightbulbs decreased the profit-maximizing price of General Electric lightbulbs from $3.50 to $2.00. (Related to Application 1 on page 561.)
Consider two economies with identical technologies and identical initial conditions but with different corporate tax rates, τ and τ' . Determine the relative income of these two economies (as a function of time).
Your car dealer is willing to lease you a new car for $259 a month for 60 months. Payments are due on the first day of each month starting with the day you sign the lease contract. If your cost of money is 4.4 percent,
Develop a minimum 4-page paper that examines the topic addressing all questions with at least two references and bibliography.
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