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The estimated statistics from the VAR model are not able to be interpreted to solve the problem of this coursework due to reasons that are discussed in the next subchapter. Therefore throughout this paper there will be no formal analysis of the statistics directly from the VAR table. Once the VAR has been estimated, the model will be transformed into the moving average representation version. This representation can then be used to produce the impulse responses of to the other variables in response to an oil price shock. These impulses responses will offer the most information about the correlations between oil prices and the remaining variables. Before analysing the effects of oil price shock by using impulse response functions, there are many key steps which need to be taken to ensure that the goodness of fit of the model and accuracy of the results are of high standard, otherwise the results will be meaningless.
what is the function of a budget
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Only two identical firms i = A;B, each with marginal cost MCi = 40 and no fixed cost, operate in a market with demand: Q p 1 160 2 120 3 90 4 70
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Half the members of a fishing tribe catch four fish per day and half catch 10 fish per day. A group of 10 members could build a boat for another tribe in one day and receive a paym
Draw the PPC model of peace time goods and war time goods and describe its characteristics. Label point A as being more toward peace time goods than war time goods and show graphic
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In reference to the above question, assume you know the combination of inputs that minimizes cost. What would happen to this input combination if the price of labor increased? What
Types of Taxes Which a Government can impose on the citizens are as follows: With the theory of taxation covered, we can now move towards the actual menu of the taxes the gover
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