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In a competitive market for apples, what would happen in the short and long run to the market if the price for pears went up?
Business Economics, Economics
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Suppose the elasticity of money demand with respect to income is 2/3. If the money supply increases by 10% and output increases by 4.5%, while the real interest rate and the expected inflation rate are unchanged, then th ...
You want to you want to estimate the mean weight of quarters in circulation. A sample of 30 quarters has a mean weight of 5.649 grams in a standard deviation of 0.066 gram. Use a single value to estimate the mean weight ...
1) Let Z be a standard normal random variable with mean = 0 and standard deviation = 1. Us the normal table to find the following answers. a) P(0 b) P(-1.22 c) Find the value Z 0 such that P(0 0 )= 0.4901. 2) On a typic ...
Electric car technology has been improving and the U.S. shale gas oil supply has been increasing. What will be the impact on the crude oil market price? What will be the impact on the gas-burning auto market price? Expla ...
a. If the required reserve ratio is 2.50 percent, what is the monetary multiplier? b. If the monetary multiplier is 5, what is the required reserve ratio?
In random sampling, why is cluster sampling an example of probability sampling?
Why are ideas of "modernization" (cohn, 107) and "progress" so important to the post-World War II.
Why should we take selection and participation bias into account when analyzing data
Listen to (or read the transcript of) this podcast (https://www.stlouisfed.org/education/economic-lowdown-podcast-series/episode-16-elasticity-of-demand) from the Federal Reserve Bank of St. Louis. describe your experien ...
"Brexit" A. What possible impact could this event have on European trade? Provide a credible citation. B. Provide me with the latest October 2017 citation you can find on the Brexit situation.
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