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1.Explain the relationship among savings, investment, and net capital outflow.2.Describe the economic logic behind the theory of purchasing-power parity (PPP). What factors might prevent PPP from holding true?3. Describe supply and demand in the market for loanable funds and the…

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The income effect of a price change refers to the impact of a change in.A. The price of a good on a consumers purchasing powerB. Income on the price of. GoodC. Demand when income changesD. The quantity demanded when income…

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Econometrics – eviews

This is an econometrics question on eviews software packageTrying to formally test for a long run relationship in a ppp hypothesis model. Wheree = p - p* + u. (e=foreign exchange; p=domestic price; p* = foreign price).I have tried the…

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a perfectly competitive market is in long run equilibrium. at present there are 100 identical firms each producing 5000 units of outputs. the prevailing market pricde is $20. assume that each firm faces increasing marginal cost .now suppose there is…

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why does short run aggregate supply curve shift to the left in the long run folllowing an increase in aggregate demand?a.workers and firms adjust their expectations of wages and proces upward and they push for higher wages and pricesb. workers…

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#NAME?

If c = 0.8 and m = 0.3, we would have the open and closed economy multiplier ? Given c = 0.8 and m = 0.3 Closed Economy =1/1 c =1/1 0.8... =5 Open Economy=1/1-c m =1/1-.8 .3= =1/0.5=2

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Project 1

Suppose that two people, Michelle and James each live alone in an isolated region. They each have the same resources available, and they grow potatoes and raise chickens. If Michelle devotes all her resources to growing potatoes, she can raise…

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#NAME?

Explain how the law of demand affected your purchase. Give specific examples of how the determinants of demand and supply affect this product (T-I-P-E-N and P-R-E-S-T). What happens to the demand curve and the supply curve when any of these…

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