Dornbusch model Use the full formal model to show what happens when there is an expansion in long-run output, due to e.g. a productivity improvement. Explain intuitively.
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Dornbusch model
Use the full formal model to show what happens when there is an expansion in long-run output, due to e.g. a productivity improvement. Explain intuitively.
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- If you suspect the presence of multicollinearity, how would you characterize the degree of multicollinearity that is likely to occur in your model? ( choose from light, moderate or severe multicollinearity)Business economics bridges the gap between abstract theory and business practice. It uses the tools of economic analysis in classifying problems in organising and evaluating information and in comparing alternative courses of action outline the nature and scope of managerial economics.For a competitive equilibrium in a two-period model, must the government's present-value budget constraint hold?
- With the aid (wherever possible) of diagrams, compare the outcomes of the traditional profit maximization model with those obtained by the managerialist and behaviouralist theorists.Difference between traditional model 9f buying seller relationship and collaborative model and highlight the major characteristics of the collaborative model?MacBurger's is attempting to determine how many servers (or lines) should be available during the breakfast shift. During each hour, an average of 100 customers arrive at the restaurant. Each line or server can handle an average of 50 customers per hour. A server costs $5 per hour, and the cost of a customer waiting in line for 1 hour is $20. Assuming that an M/M/s/GD/infinity/infinity model is applicable, determine the number of lines that minimizes the sum of delay and service costs. please explain step by step.
- Which of the following is NOT a characteristic of a typical positive economic model? Group of answer choices the assumption that people weigh the costs and benefits of their various alternatives realistic assumptions makes predictions that can be proven false makes assumptions that ignore the complexity of behavior A regression estimates that Q = 35 - 0.1 ∗ X, where Q is the quit rate, X is the number of employees at the firm. This indicates that doubling the number of employees from 100 to 200 will reduce the quit rate by Group of answer choices 35% points. 50% points. 5% points. 10% points. Because workers have varying preferences about the type of work they like to do, Group of answer choices the firm supply curve for chefs is vertical. the market supply curve for chefs is upward sloping. the market demand curve for chefs is downward sloping. the firm supply curve for chefs is horizontal. Year Average Nominal Wage…According to Rushkoff (2009), the philosophy of corporatism is: A. To suppress lateral interactions between people and redirect value towards investors B. To make as much money as possible for everyone involved in the company C. To increase production at all costs, usually via outsourcing D. To eliminate production serves the public goodIn contrast to manufacturing, agricultural production is stochastic, which implies that [Select one] Agriculture focuses more on stocks of commodities than on the flow of commodities. Agriculture is organized in households that are both producers and consumers. Agriculture changes dramatically from one place to another depending on local climate. Agricultural outcomes are partly random and out of the control of the farmer.
- A command economy is also called a centrally planned economy. True FalseAre there any merits to Thomas Maltus' economic theories? Why did Malthus' predictions fail to come true?Statement 1 (S1): Complementarities increase the incentives for other agents to take similar actions. Statement 2 (S2): Complementarities occur when agents or sectors, their resources and capacities play respective assigned roles in a coordinated, well planned process of development. * True, True True, False False, True False, False S1: Multiple equilibria is a condition in which more than one equilibrium exists. S2: These equilibria sometimes may be ranked, in the sense that one is preferred over another, but the unaided market will not move the economy to the preferred outcome. * True, True True, False False, True False, False
