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(a) What is a white noise process? (b) Distinguish between exogenous and endogenous variables, using examples. (c) What do you understand by simultaneity bias and can OLS
how to calculate equilibrium quantity and price
what factors dertemine underemployment/overemployment
Replicate the estimations in Table 2 on page 82 of Graddy (1995), but excluding the data of King Whiting.
Suppose an economy has the following Real money demand Function: L(Y,i) = 1000 + 0.3Y - 4000i, where i is the nominal interest rate paid on non-monetary (financial) assets,
Assume the price elasticity of cigarettes is 0.25. By how much would prices have to increase to get a 20% reduction on smoking?
remedial measure of multicolinearity
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prove that summation k =0 and summation kxi=1
what is ac that mines average cost,
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