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Economic theories and models are concerned with economic variables and variables are measures that can take on different sizes. Explain how an interest on a student's loan is a variable?
Explain what accounts for the Hong Kong Monetary Authority behaving differently than the other central banks in emerging Asia.
Suppose there are 10 consumers in the industry. Each has the following demand: p = 10 - q-Calculate aggregate demand and aggregate supply in the market.
Explain what it meant by liquidity trap.Use the interest parity condition to show how the exchange rate is determined in such a situation. What can monetary policy so in such a situation
An engineer wishes to have $5 million by the time he retires in 40 years. Assuming 15% nominal interest, compounded continuously, what annual sum must he set aside?
Huntington suggests that the emerging global economy will increasingly be faced with violent clashes between civilizations. Elucidate what Huntington means by the term civilization and why such clashes may be expected.
Using the marginal productivity theory of labor demand to forecast the impact on the company's employment level of following events. Describe why the change in employment occurs and show it in a graph.
Aggregate supply reflects billions of production decisions made through, consumers when they decide which products to buy.
Illustrate what is the relationship among the variable selected and the economy. What trends do you see in the data sets.
The total sum of squares is 400 and the sum of squares errors is 100, what is the coefficient of determination?
Macro economic choices, particularly in the areas of fiscal policy, are not just about economics but about deeply social targets and prices as well. This Case asks you to think about some of these dimensions.
1. Suppose the French suddenly develop a strong taste for California wines. Draw a graph below to answer the following questions: a.) What happens to the demand for dollars in the foreign exchange market b.) What happens to the value of d..
suppose that in one year household consumption falls by $20 billion(compared to the year before), but business firms continue to produce consumer goods at an unchanged rate. if there is no other change affecting real GDP that year
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