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Consider the model of Section 20.3.
1. Show that agricultural consumption and production stay constant at
2. Show that this is increasing in BA and provide the intuition for this result.
3. Show that expenditure on agricultural goods increases at the same rate as aggregate output.
After this change, the interest rate is found to be below the equilibrium interest rate. Describe the effect of this level of interest rate on the price of bonds, the need for cash balances, the opportunity cost for holding money.
The demand for Airplanes is represented by this equation : Qd=53,230 - .8V+.05Vr-3,600Vh + 4T V is the Price for Airplanes Vr is the price per trip in boats Vh is the price per gallon of gasoline T is the average income of a consumer
ACT Scores, A survey of 1000 students nationwide showed a mean ACT score of 21.4. A survey of 500 Ohio scores showed a mean of 20.8. If the poppulation standard deviation in each case is 3,
Assuming there is no way to make other residents contribute, is Eugene likely to raise the necessary $1,000? Why or why not? What could he do to improve his chances of success?
If GDP is increasing by 3% per year how long will it take GDP to double?
Some have one year of formal training and earn the Refrigeration Mechanic Certificate if they pass the test at the end. Some take a second year of formal training and earn the Refrigeration Mechanic Diploma if they pass the test at the end. Traine..
Suppose the bank in the table below has only reserves and loans on the asset side of its balance sheet, and demand deposits on the liabilities side of its balance sheet. Assets Liabilities Reserves $36,000 Demand Deposits $300,000 Loans.
Suppse a consumer utility derived from consuming banana is described by the function U=10X+3X^2-(1/3)X^3. Compute marginal utility. a. Make a table showing total and marginal utility for X from 0 to 7 units. b. Would this individual ever choose to c..
determine the two equal deposits the first deposit required now and the second deposit at the end of year 6 so that you
Suppose that the Fed raises the reserve requirement on transactions deposits to 0.18 = 18%. What happens to Princeton Bank's balance sheet Does it have excess reserves, or is it short of reserves? Calculate the new M1 and M2 multipliers. What happ..
Why do you think macroeconomists focus on just a few key statistics when trying to understand the health and trajectory of an economy? Would it be better to try to make examine all possible data?
For the course project, you are to write a short paper investigating the effect of alcohol consumption on a labor market outcome. You will do this by applying the econometric techniques used in class to the data set that is available on SmartSite:..
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