Department of Economics University of California‚ Berkeley Fall 2012 Econ 182 Solutions Problem Set 8 Problem 1. Exchange Rates and International Transmission a. Suppose that the US engages in a monetary expansion. Since exchange rate is pegged to the US dollar‚ country X’s monetary authorities are forced to expand their money supply as well (recall that i = i* under FixER). Interest rates fall in country X‚ output expands‚ and of course the exchange rate remains unchanged. On the AA-DD diagram
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Obesity-Individual Essay Obesity is identified as a National Heath Priority area by the Australian Government. It is a serious health issue as it can lead to many more severe problems and concerns such as diabetes‚ coronary heart disease or even cancer. In fact‚ in 2011 to 2012‚ it was researched that 10.8 million Australians were either overweight or obese and 4.7 million of that population were obese. This is a really overwhelming number as the population of Australia is 22.7 million. The ratio
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Problem-Solving Model Describe the Situation Classic Airlines consists of 375 aircraft that travel to 240 cities more than 2300 times per day with a workforce of 32‚000 personnel. Classic Airlines’ revenue was in excess of $8.7 billion last year bringing in a $10 million dollar profit and establishing the airline as the fifth largest air travel company in the world. Despite good sales and profits‚ Classic Airlines has been receiving harsh criticism from their customers resulting in
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How to Find A Writing Topic Problem-Solution Essays Have you ever received a problem-solution essay where you cannot think of anything to write? Although many of the forty million students in America go through this at one time or another‚ don’t despair! There are several systematic ways to find a writing topic. Some topics take no research at all. Let’s look at a few of them. First‚ the local newspaper may contain some interesting articles. The newspaper can be used as a utility to the writing
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and Canada receive 20% of their electric power from nuclear plants. The rest of the world is at 6% but rising. The benefits drive the nuclear energy movement and continue to do so and the proponents of nuclear power see this as an indispensable solution in reducing the consumption of conflict-ridden fossil fuels. Opponents of nuclear power also make a strong case citing cost‚ safety and justified global concern of waste storage and the potential for nuclear weapons in areas where terrorism is a
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Argumentative Essay Obesity‚ a problem of which by the years has increased profoundly and has now been considered an epidemic affecting millions of people. Obesity is now affecting people of all ages physically‚ bringing high rates of death and disease. A problem that many people have placed the fault on the food industry. On which factory farms have been attacked for being the start of problems like obesity‚ as well as fast food industries. Then again‚ the food industry as well as the human race
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The youth today faces a very problematic situation. Young Canadians face the truth of obesity and the consequences of the condition. In today ’s world‚ these Canadians are not taking care of their body; they are not fulfilling the nutritional needs of the body. Thus‚ leading themselves towards obesity. What is obesity? Well‚ it is essentially a condition one faces when they consume more calories then they burn. If this continues‚ the individual would find themselves gaining weight‚ perhaps more weight
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ECON112 Macroeconomics Problem Set 3 *Solution* Fall 2010 (Instructor: Li‚ Yao; TA: Fok Pik Lin‚ Astor) -----------------------------------------------------------------------------------------------------------------------------------Posted: Monday‚ November 1‚ 2010 Due: 5:30 PM Monday‚ November 8‚ 2010 40 marks total Part I: True/False/Uncertain Please justify your answer with a short argument for each question and draw a diagram if necessary. (15 marks‚ 3 marks each: 1 mark for correct judgment
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Solution: Computation of: Revenue Simple returns = (service fee‚ $50) x no. of simple returns demand Complex returns = (service fee‚ $200) x no. of complex returns demand Cost of permanent employees Payment for accountant = (regular rate‚ $600 per week) x no. of permanent accountant Payment for computer system = (per computer rate‚ $175 per week) x no. of accountants who access to the computerized system Total permanent costs = payment to accountant
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distribution To calculate the covariance and understand its use in finance To compute probabilities from binomial‚ hypergeometric‚ and Poisson distributions How to use the binomial‚ hypergeometric‚ and Poisson distributions to solve business problems Copyright ©2012 Pearson Education‚ Inc. publishing as Prentice Hall Chap 5-2 Definitions Random Variables A random variable represents a possible numerical value from an uncertain event. Discrete random variables produce outcomes that
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