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Determine the T-account of the banking system look like when the banking system is in equilibrium? What will occur to checkable deposits
Find the total quantity produced and each firm’s profit in equilibrium. Describe what happens to these when Firm 1 changes its technology as above.
Describe the omitted variable bias problem. Suppose the true model is Y = β0 + β1X1 + β2X2 + u, but the researcher performs a regression of Y on X1 only. When will the slope coefficient
In the short-run, a firm facing competitive input and output markets should shut down if the market wage is greater than the MRPN. Assume that labour is the only variable input.
Draw a diagram representing her budget illustrating and constraint her optimal option of leisure and consumption. Ensure she chooses to supply a strictly positive amount of labour.
An economy has only one member Robinson Crusoe. Robinson allocates his time between fishing and collecting fruits.
What will be the effect of this change in policy on both the real and the nominal interest rate in the long – run
This assignment needs you to specify an econometric model for the topic of your choice. Provide a clear statement of the research topic and the underlying relationship which you are modeling. Identi
Select ten (or more) different products to put in your baske like unleaded gasoline, Budweiser beer etc. Compute your SPI (Student Price Index) and the rate of inflation between the beginning and the
Suppose a firm’s budget were large enough to employ 100 units of either labor or capital, the cost of a unit of labor being the same as a unit of capital.
Estimate and discuss an ‘error correction mechanism’ type equation to explain ΔR90t, reporting tests for both (i) autocorrelation and (ii) parameter stability, as well as parameter e
Write down the relationship between the interest rate and bond prices.
Hypothesis the basic short-run and long-run behaviours of the airline industry in the market economy.
Consider an economy in that George and Harriet consume only ale and bread. Georgeís utility function is UG = aG(bG 1) where aG and bG are his consumption of ale and bread.
Suppose that you will spend your entire $20. Write down your budget constraint. You may simply write out the equation or draw the budget line. You don't need to do both.
Construct two graphs that exhibit equilibrium in the petrol market – assume that there are no taxes. Clearly label the equilibrium values.
This writing assignment is intended to give you a chance to apply concepts to real economic situations. Think of these concepts (markets, elasticity, production, costs, market structures).
Consumers purchase a house or multiple dwellings for a number of reasons. But what is the rationale behind their decision to buy and/or sell a house, flat or apartment?
What is the inverse demand function for pork and how much would the price have to rise for consumers to want to buy 2 million fewer kg of pork per year.
What you need to do is using the econometric model to deal with empirical problems. You will find the power of the OLS method, but also how complicated the real world could be.
Assume you own a home remodeling company. You are presently earning short-run profits. The home remodeling industry is a raising-cost industry.
What is the demand curve and quantity demanded for good X?At the present price, would total revenue rise or fall if the price of the good is lowered? Why?
A firm has the given total revenue (TR) function:
Under what conditions does a member of the winning coalition in country A and B support the aid-for-favors policy?
Draw a production possibility frontier for an economy which produces corn and rice.