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Which of these variables are discrete and which are continuous random variables? a) The number of new accounts established by a salesperson in a year. b) The time between customer arrivals to a bank ATM. c) The number of customers in Big Nicks barbershop. d) The amount of fuel in your cars gas tank. E) The number of minorities on a jury. F) The outside temperature today.
Explain how inflation unemployment trade off is not feasible under adaptive expectations?
Foreign Direct Investment and Development: In neo-classical economic theory, FDI involves the movement of capital from capital abundant to capital scarce host countries. Mun
draw a diagram that explains how interest rate sare determined in the keynesian macroeconomic model
Rewrite the national-income model (3.23) in the format of (4.1), with Y as the first vari¬able. Write out the coefficient matrix and the constant vector.
Concept of Preference, Utility Function: Concept of Preference, Utility Function and Indifference Curve Consumer preference ('R') specified by the above axioms can be represe
The employment-population ratio gives the number of people: Select one: a. working. b. working as a percentage of the number of people available to work. c. in the labor force.
What are prices indexes designed to measure? Outline how they are constructed. When GDP and other income figures are compared across time periods, explain why it is important to ad
Explain the law of diminishing marginal returns using the example of a factory which is currently running at half capacity and employs more staff
Can the federal government go bankrupt? Explain.
THE GOALS OF MACROECONOMIC POLICY Economic analysis attempts to explain why problems arise in the economy and how these problems can be dealt with. It is, therefore, indispens
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