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Write a summary (500-750 words) to discuss your data findings and the proposed solutions generated based on applying econometrics and analyzing the data. You are required to submit the selected data, methods for testing and validating data, and the economic decisions you have established based on analysis of the data.
Explain, in plain words, illustrate what the R-square in this regression indicates.
Explain how do I draw a production possibilities curve for 2 products in an economy if a natural disaster affects one but not the other.
What are the effects of an increase in the money supply? Show graphically and explain. When is monetary policy more effective, when the LM curve is relatively flat, or when the LM curve is relatively steep? Explain.
Suppose the federal budget deficit for the year was $100 billion and the economy was in a recession. If the economy had been at potential GDP, it is estimated that tax revenues would have been $60 billion higher and government spending on transfer pa..
Collapse What are the ethical implications of federal minimum wage? Who does it help and who does it harm? Does raising the current level of the minimum wage increase unemployment, drive business away, or harm the very poor? Will a higher minimum wag..
Find the value of the test statistic (to 3 dec pl). Can we conclude that the proportions have changed during the year.
You believe that next year there is 50% probability that your health care cost will be $5,000 but your spouse believes you will all be healthy and there will be no healthcare cost; however you both agree to buy an annual health insurance plan. You de..
Given the products below and the events that affect them, indicate what happens to demand or supply, and the equilibrium price and quantity in a competitive market. Identify the determinant of demand or supply that causes the shift.
Which assumption(s) allow(s) us to draw in difference curves? A) the Assumptions are cardinal measurement and cardinal ranking B) The assumptions are rank ability and completeness C) The assumption is that the more we have of a good, the less we are ..
Suppose a consumer maximizes the utility function U=ln(xy) subject to the budget constraint 4x + 2y = 12. Find the consumption bundle (x*,y*) that maximizes utility for the consumer.
From California to New York, legislative bodies across the United States are considering eliminating or reducing the surcharges that banks impose on noncustomers. what would be the no pecuniary cost of legislation that would place a $1.50 cap on the ..
What is held constant when a demand curve for a specific product (shoes,apples) is constructed?
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