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Suppose that regression model is yt = mu + epsilon t where E[ epsilon t|xt] = 0, Given a sample of observations on yt and xt what is the most efficient estimator of mu? Is this estimator unbiased? What is its variance? What is the OLS estimator of mu?, and what is its variance?. Prove that the estimator in part (a) is at least as efficient as the estimator in part (c).(bonus) (Hint: use Cauchy-Schwarz inequality)
what is the value of the money multiplier given each of the following sets of values for CUR and RES? what would be the equilibrium value of total money stock assuming a monetary base of $10 trillion?
Calculate the inventory value of the units unsold in the has well as of the consignee.
Illustrate what are the new long-run equilibrium values of these three variables.
Illustrate what would happens to the equilibrium price and quantity. The widget firm in Springfield is competitive,with numerous buyers and sellers.
"How has technology changed the purchasing and selling behavior?" what happened to your purchasing behavior once you adopted your smart phone, are you being more smartphonic in buying or selling items online.
The payoff to a company that enters is its gross profit minus its entry cost, while the payoff to a company that does not enter is 60. Find a symmetric Nash equilibrium in mixed strategies.
Elucidate using a diagram the substitution also income effect which would result from a change in the price of a normal good.
Why do pork also lamb have comapritively high price elasticities of demand compared with the other foodstuffs in the table.
Why would unemployment also job rationing the consequences of setting a minimum wage of 2 dollar every hour in this marketplace
For out Back Steakhouse, seating capacity is limited in the short run.
Economists argue that the move from barter to money increased trade and production. How is this possible.
Illustrate what is the opportunity cost (in civilian output) of a defense buildup that raises military spending
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