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Go to the National Bureau of Economic Research's Web site (www.nber.org/cycles.html) and find the Business Cycle Reference Data for all peaks and troughs since 1854. What has been the average length of recessions since 1854? Since 1945? What has been the average length of expansions since 1854? Since 1945?
explain how these events will effect the economy production possibility curve.
Analyze basic growth data for Austria for the period 1970 to 2007. Find the Steady-state equilibrium level of GDP per capita and real GDP growth rate. Variables Gross Output (real GDP) Net Output (real NDP) Depreciation InvestmentICT Investment
The loss function for a decision problem is given below. Find the minimax solution to this decision problem
What is the opportunity cost of bicycles in terms of snowboards at Home? What is the opportunity cost of bicycles in terms of snowboards in Foreign?
a. Suppose Henry discounts future costs and benefits at 9% per year. Calculate the present discounted value (cost) of each of Henry's options. b. Find the monthly discount rate (i.e., personal interest rate) at which Henry would be indifferent
A Xerox copier is making only faintcopies (event F). The office manager needs to determine thecause of this. In general, copiers may have electricalproblems (E), mechanical problems (M), user problems (U), or noproblems (N).
the parents of a young child decide to make equal annual payments into a savingsaccount with the first payment being
Projected government revenues from blood sucking income andconsumption taxes, not to mention pick-your-pocket duties andexcise tases is $243 billion for 2008-2009 fiscal yeat. What would make the 08-09 budget a surplus
A corporate bond has a face value of $10,000 with a bond rate of 10%. The interest of the bond will be paid quarterly. The bond will mature in 10 years. If the bond is sold at $8,500 on the market, what is the yield (return) on the bond
Suppose that a consumer has an income of $24and a utility function given by: U = 2*log(x) + log(y). The priceof x is $2 and the price of y is $2. A) Write down the Lagrangean for this consumer's maximization problem.
The difficulty of putting away money for their college educations precludes you from saving on a continuous basis for both. After reviewing your financial condition and projections, you think that the best you can do is to put away $2,500/year for..
man wants to help provide college education for his daughter. He can afford to invest $600/yr for the next 4 years, beginning on the girl's 4th birthday, he wishes to give his daughter $4000 on her 18th 19th 20th and 21th birthdays, for a total of..
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