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How to compare standard error of regression of linear model vs logarithmic linear model (they should not be directly comparable since the dependent variable is different: y vs log(y))? What should be the criteria to select the best model in this case?
To reach the full employment level in the goods market, should expansionary or contractionary monetary or fiscal policy be implemented?
A consumer purchases two goods, food and clothing. He has the utility function u(x1, x2) = x1x2 + 10x1, where x1 de- notes the amount of food consumed and x2 the amount of clothing. The consumer’s income is 100, the price of food is p1 and the price ..
Consider an industry in which all firms have identical technology given by a production function: q = min K α , L 1 − α 1/2 , where q is the level of output, α is some constant between 0 and 1, and K and L are two inputs. Describe the long-run equili..
In a classical model a decrease in population would
Samples from 10 swimming pools are put into a composite that is testing for ecoli. If at least one sample in composite is positive
The law of demand states that other things equal
Discuss the key elements of identifying white-collar crimes. Next, determine at least two (2) federal criminal statutes
What are the advantages when a business chooses to self sourcing rather that hiring an outside source?
Assume the random variable x is normally distributed with mean = 50µ=50 and standard deviation s=7. whats the indicated probability. P(x>36) =
Pure competition, Oligopoly, Pure monopoly, monopolistic competition. Describe each and give an example.
Assume that the government’s economic outlook is shaped by Keynesian economic philosophy and policies with regard to an inflationary gap. Explain and use the AD/AS model to show what happens if there is no government or central bank intervention in t..
find the current set of reserve requirements that banks must meet. Then calculate the reserve requirements for banks with the following amounts of transactions deposits.
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