APPLIED CALCULUS (WILEY PLUS)
6th Edition
ISBN: 9781119399322
Author: Hughes-Hallett
Publisher: WILEY
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Question
Chapter 4, Problem 52SYU
To determine
To indicate:
Whether the statement is true or false.
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1. Consider the following four demand functions for money:
(1) InM," = a, + a,lnY," +a, In R, + a, In P, + u,
(2) InM," = ß, + BlnY, + B, In R, + B; In P, + u,2
where M,", Y,", R, and P, denote, respectively, aggregate nominal money demand,
aggregate national income, long-term interest rate, implicit price deflator.
These two money demand equations are estimated for the period 1949-1965 and the
following estimated equations are obtained:
(1) InM," = 3.999 +1.710lnY," – 0.608 ln R, – 0.759 In P, R? = 0.942, SSR = 0.080
(0.469)
(2) InM," = 3.999+1.710lnY, – 0.608 ln R, + 0.9519 ln P, R² = 0.942, SSR = 0.080
(0.651)
(1.801) (0.416)
(0.651)
(1.801) (0.416) (0.469)
Based on the above information,
Wind
(a) Explain why the only difference between (1) and (2) is the coefficient of In P?dor
72. x = f(p) = 30 - 5√p
1. Consider the following four demand functions for money:
(1) InM," = a, +a,InY," + a, In R, + a, In P, + u,
(2) InM," = ß, + B,lnY, + ß, In R, + ß;, In P, + u,2
where M,", Y,", R, and P, denote, respectively, aggregate nominal money demand,
aggregate national income, long-term interest rate, implicit price deflator.
These two money demand equations are estimated for the period 1949-1965 and the
following estimated equations are obtained:
(1) InM," = 3.999 +1.710lnY," – 0.608 In R, – 0.759 In P, R² = 0.942, SSR = 0.080
(0.469)
(1.801) (0.416)
(2) InM," = 3.999 +1.710lnY, – 0.608 ln R, +0.9519 ln P,
(0.651)
R² = 0.942, SSR = 0.080
(1.801) (0.416) (0.469)
(0.651)
(b) In Model (2) test the hypothesis that the price level has no significant effect on real
money demand using t and F statistics.
Windov
Windowr
Chapter 4 Solutions
APPLIED CALCULUS (WILEY PLUS)
Ch. 4.1 - Prob. 1PCh. 4.1 - Prob. 2PCh. 4.1 - Prob. 3PCh. 4.1 - Prob. 4PCh. 4.1 - Prob. 5PCh. 4.1 - Prob. 6PCh. 4.1 - Prob. 7PCh. 4.1 - Prob. 8PCh. 4.1 - Prob. 9PCh. 4.1 - Prob. 10P
Ch. 4.1 - Prob. 11PCh. 4.1 - Prob. 12PCh. 4.1 - Prob. 13PCh. 4.1 - Prob. 14PCh. 4.1 - Prob. 15PCh. 4.1 - Prob. 16PCh. 4.1 - Prob. 17PCh. 4.1 - Prob. 18PCh. 4.1 - Prob. 19PCh. 4.1 - Prob. 20PCh. 4.1 - Prob. 21PCh. 4.1 - Prob. 22PCh. 4.1 - Prob. 23PCh. 4.1 - Prob. 24PCh. 4.1 - Prob. 25PCh. 4.1 - Prob. 26PCh. 4.1 - Prob. 27PCh. 4.1 - Prob. 28PCh. 4.1 - Prob. 29PCh. 4.1 - Prob. 30PCh. 4.1 - Prob. 31PCh. 4.1 - Prob. 32PCh. 4.1 - Prob. 33PCh. 4.1 - Prob. 34PCh. 4.1 - Prob. 35PCh. 4.1 - Prob. 36PCh. 4.1 - Prob. 37PCh. 4.1 - Prob. 38PCh. 4.1 - Prob. 39PCh. 4.1 - Prob. 40PCh. 4.1 - Prob. 41PCh. 4.1 - Prob. 42PCh. 4.1 - Prob. 43PCh. 4.1 - Prob. 44PCh. 4.1 - Prob. 45PCh. 4.1 - Prob. 46PCh. 4.1 - Prob. 47PCh. 4.1 - Prob. 48PCh. 4.1 - Prob. 49PCh. 4.1 - Prob. 50PCh. 4.1 - Prob. 51PCh. 4.1 - Prob. 52PCh. 4.1 - Prob. 53PCh. 4.1 - Prob. 54PCh. 4.1 - Prob. 55PCh. 4.1 - Prob. 56PCh. 4.1 - Prob. 57PCh. 4.1 - Prob. 58PCh. 4.2 - Prob. 1PCh. 4.2 - Prob. 2PCh. 4.2 - Prob. 3PCh. 4.2 - Prob. 4PCh. 4.2 - Prob. 5PCh. 4.2 - Prob. 6PCh. 4.2 - Prob. 7PCh. 4.2 - Prob. 8PCh. 4.2 - Prob. 9PCh. 4.2 - Prob. 10PCh. 4.2 - Prob. 11PCh. 4.2 - Prob. 12PCh. 4.2 - Prob. 13PCh. 4.2 - Prob. 14PCh. 4.2 - Prob. 15PCh. 4.2 - Prob. 16PCh. 4.2 - Prob. 17PCh. 4.2 - Prob. 18PCh. 4.2 - Prob. 19PCh. 4.2 - Prob. 20PCh. 4.2 - Prob. 21PCh. 4.2 - Prob. 22PCh. 4.2 - Prob. 23PCh. 4.2 - Prob. 24PCh. 4.2 - Prob. 25PCh. 4.2 - Prob. 26PCh. 4.2 - Prob. 27PCh. 4.2 - Prob. 28PCh. 4.2 - Prob. 29PCh. 4.2 - Prob. 30PCh. 4.2 - Prob. 31PCh. 4.2 - Prob. 32PCh. 4.2 - Prob. 33PCh. 4.2 - Prob. 34PCh. 4.2 - Prob. 35PCh. 4.2 - Prob. 36PCh. 4.2 - Prob. 37PCh. 4.2 - Prob. 38PCh. 4.2 - Prob. 39PCh. 4.2 - Prob. 40PCh. 4.2 - Prob. 41PCh. 4.3 - Prob. 1PCh. 4.3 - Prob. 2PCh. 4.3 - Prob. 3PCh. 4.3 - Prob. 4PCh. 4.3 - Prob. 5PCh. 4.3 - Prob. 6PCh. 4.3 - Prob. 7PCh. 4.3 - Prob. 8PCh. 4.3 - Prob. 9PCh. 4.3 - Prob. 10PCh. 4.3 - Prob. 11PCh. 4.3 - Prob. 12PCh. 4.3 - Prob. 13PCh. 4.3 - Prob. 14PCh. 4.3 - Prob. 15PCh. 4.3 - Prob. 16PCh. 4.3 - Prob. 17PCh. 4.3 - Prob. 18PCh. 4.3 - Prob. 19PCh. 4.3 - Prob. 20PCh. 4.3 - Prob. 21PCh. 4.3 - Prob. 22PCh. 4.3 - Prob. 23PCh. 4.3 - Prob. 24PCh. 4.3 - Prob. 25PCh. 4.3 - Prob. 26PCh. 4.3 - Prob. 27PCh. 4.3 - Prob. 28PCh. 4.3 - Prob. 29PCh. 4.3 - Prob. 30PCh. 4.3 - Prob. 31PCh. 4.3 - Prob. 32PCh. 4.3 - Prob. 33PCh. 4.3 - Prob. 34PCh. 4.3 - Prob. 35PCh. 4.3 - Prob. 36PCh. 4.3 - Prob. 37PCh. 4.3 - Prob. 38PCh. 4.3 - Prob. 39PCh. 4.3 - Prob. 40PCh. 4.3 - Prob. 41PCh. 4.3 - Prob. 42PCh. 4.3 - Prob. 43PCh. 4.3 - Prob. 44PCh. 4.3 - Prob. 45PCh. 4.3 - Prob. 46PCh. 4.3 - Prob. 47PCh. 4.3 - Prob. 48PCh. 4.3 - Prob. 49PCh. 4.3 - Prob. 50PCh. 4.3 - Prob. 51PCh. 4.3 - Prob. 52PCh. 4.3 - Prob. 53PCh. 4.3 - Prob. 54PCh. 4.3 - Prob. 55PCh. 4.3 - Prob. 56PCh. 4.3 - Prob. 57PCh. 4.3 - Prob. 58PCh. 4.3 - Prob. 59PCh. 4.3 - Prob. 60PCh. 4.4 - Prob. 1PCh. 4.4 - Prob. 2PCh. 4.4 - Prob. 3PCh. 4.4 - Prob. 4PCh. 4.4 - Prob. 5PCh. 4.4 - Prob. 6PCh. 4.4 - Prob. 7PCh. 4.4 - Prob. 8PCh. 4.4 - Prob. 9PCh. 4.4 - Prob. 10PCh. 4.4 - Prob. 11PCh. 4.4 - Prob. 12PCh. 4.4 - Prob. 13PCh. 4.4 - Prob. 14PCh. 4.4 - Prob. 15PCh. 4.4 - Prob. 16PCh. 4.4 - Prob. 17PCh. 4.4 - Prob. 18PCh. 4.4 - Prob. 19PCh. 4.4 - Prob. 20PCh. 4.4 - Prob. 21PCh. 4.4 - Prob. 22PCh. 4.4 - Prob. 23PCh. 4.4 - Prob. 24PCh. 4.4 - Prob. 25PCh. 4.4 - Prob. 26PCh. 4.4 - Prob. 27PCh. 4.4 - Prob. 28PCh. 4.4 - Prob. 29PCh. 4.4 - Prob. 30PCh. 4.4 - Prob. 31PCh. 4.4 - Prob. 32PCh. 4.4 - Prob. 33PCh. 4.4 - Prob. 34PCh. 4.4 - Prob. 35PCh. 4.5 - Prob. 1PCh. 4.5 - Prob. 2PCh. 4.5 - Prob. 3PCh. 4.5 - Prob. 4PCh. 4.5 - Prob. 5PCh. 4.5 - Prob. 6PCh. 4.5 - Prob. 7PCh. 4.5 - Prob. 8PCh. 4.5 - Prob. 9PCh. 4.5 - Prob. 10PCh. 4.5 - Prob. 11PCh. 4.5 - Prob. 12PCh. 4.5 - Prob. 13PCh. 4.5 - Prob. 14PCh. 4.5 - Prob. 15PCh. 4.5 - Prob. 16PCh. 4.5 - Prob. 17PCh. 4.6 - Prob. 1PCh. 4.6 - Prob. 2PCh. 4.6 - Prob. 3PCh. 4.6 - Prob. 4PCh. 4.6 - Prob. 5PCh. 4.6 - Prob. 6PCh. 4.6 - Prob. 7PCh. 4.6 - Prob. 8PCh. 4.6 - Prob. 9PCh. 4.6 - Prob. 10PCh. 4.6 - Prob. 11PCh. 4.6 - Prob. 12PCh. 4.6 - Prob. 13PCh. 4.6 - Prob. 14PCh. 4.6 - Prob. 15PCh. 4.6 - Prob. 16PCh. 4.6 - Prob. 17PCh. 4.6 - Prob. 18PCh. 4.6 - Prob. 19PCh. 4.6 - Prob. 20PCh. 4.6 - Prob. 21PCh. 4.6 - Prob. 22PCh. 4.6 - Prob. 23PCh. 4.6 - Prob. 24PCh. 4.6 - Prob. 25PCh. 4.6 - Prob. 26PCh. 4.6 - Prob. 27PCh. 4.6 - Prob. 28PCh. 4.6 - Prob. 29PCh. 4.6 - Prob. 30PCh. 4.6 - Prob. 31PCh. 4.7 - Prob. 1PCh. 4.7 - Prob. 2PCh. 4.7 - Prob. 3PCh. 4.7 - Prob. 4PCh. 4.7 - Prob. 5PCh. 4.7 - Prob. 6PCh. 4.7 - Prob. 7PCh. 4.7 - Prob. 8PCh. 4.7 - Prob. 9PCh. 4.7 - Prob. 10PCh. 4.7 - Prob. 11PCh. 4.7 - Prob. 12PCh. 4.7 - Prob. 13PCh. 4.7 - Prob. 14PCh. 4.7 - Prob. 15PCh. 4.7 - Prob. 16PCh. 4.7 - Prob. 17PCh. 4.7 - Prob. 18PCh. 4.7 - Prob. 19PCh. 4.7 - Prob. 20PCh. 4.7 - Prob. 21PCh. 4.7 - Prob. 22PCh. 4.7 - Prob. 23PCh. 4.7 - Prob. 24PCh. 4.8 - Prob. 1PCh. 4.8 - Prob. 2PCh. 4.8 - Prob. 3PCh. 4.8 - Prob. 4PCh. 4.8 - Prob. 5PCh. 4.8 - Prob. 6PCh. 4.8 - Prob. 7PCh. 4.8 - Prob. 8PCh. 4.8 - Prob. 9PCh. 4.8 - Prob. 10PCh. 4.8 - Prob. 11PCh. 4.8 - Prob. 12PCh. 4.8 - Prob. 13PCh. 4 - Prob. 1SYUCh. 4 - Prob. 2SYUCh. 4 - Prob. 3SYUCh. 4 - Prob. 4SYUCh. 4 - Prob. 5SYUCh. 4 - Prob. 6SYUCh. 4 - Prob. 7SYUCh. 4 - Prob. 8SYUCh. 4 - Prob. 9SYUCh. 4 - Prob. 10SYUCh. 4 - Prob. 11SYUCh. 4 - Prob. 12SYUCh. 4 - Prob. 13SYUCh. 4 - Prob. 14SYUCh. 4 - Prob. 15SYUCh. 4 - Prob. 16SYUCh. 4 - Prob. 17SYUCh. 4 - Prob. 18SYUCh. 4 - Prob. 19SYUCh. 4 - Prob. 20SYUCh. 4 - Prob. 21SYUCh. 4 - Prob. 22SYUCh. 4 - Prob. 23SYUCh. 4 - Prob. 24SYUCh. 4 - Prob. 25SYUCh. 4 - Prob. 26SYUCh. 4 - Prob. 27SYUCh. 4 - Prob. 28SYUCh. 4 - Prob. 29SYUCh. 4 - Prob. 30SYUCh. 4 - Prob. 31SYUCh. 4 - Prob. 32SYUCh. 4 - Prob. 33SYUCh. 4 - Prob. 34SYUCh. 4 - Prob. 35SYUCh. 4 - Prob. 36SYUCh. 4 - Prob. 37SYUCh. 4 - Prob. 38SYUCh. 4 - Prob. 39SYUCh. 4 - Prob. 40SYUCh. 4 - Prob. 41SYUCh. 4 - Prob. 42SYUCh. 4 - Prob. 43SYUCh. 4 - Prob. 44SYUCh. 4 - Prob. 45SYUCh. 4 - Prob. 46SYUCh. 4 - Prob. 47SYUCh. 4 - Prob. 48SYUCh. 4 - Prob. 49SYUCh. 4 - Prob. 50SYUCh. 4 - Prob. 51SYUCh. 4 - Prob. 52SYUCh. 4 - Prob. 53SYUCh. 4 - Prob. 54SYUCh. 4 - Prob. 55SYUCh. 4 - Prob. 56SYUCh. 4 - Prob. 57SYUCh. 4 - Prob. 58SYUCh. 4 - Prob. 59SYUCh. 4 - Prob. 60SYUCh. 4 - Prob. 61SYUCh. 4 - Prob. 62SYUCh. 4 - Prob. 63SYUCh. 4 - Prob. 64SYUCh. 4 - Prob. 65SYUCh. 4 - Prob. 66SYUCh. 4 - Prob. 67SYUCh. 4 - Prob. 68SYUCh. 4 - Prob. 69SYUCh. 4 - Prob. 70SYUCh. 4 - Prob. 71SYUCh. 4 - Prob. 72SYUCh. 4 - Prob. 73SYUCh. 4 - Prob. 74SYUCh. 4 - Prob. 75SYUCh. 4 - Prob. 76SYUCh. 4 - Prob. 77SYUCh. 4 - Prob. 78SYUCh. 4 - Prob. 79SYUCh. 4 - Prob. 80SYU
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