A standard "money demand" function used by macroeconomists has the form In(m) = Bo + ByIn(GDP) + B2R, Where m is the quantity of (real) money, GDP is the value of (real) gross domestic product, and R is the value of the nominal interest rate measured in percent per year. Supposed that B, = 2.28 and fz = - 0.09. What is the expected change in m if GDP increases by 1%? The value of m is expected to increase by approximately 2 %. (Round your response to the nearest integer) What is the expected change in m if the interest rate increases from 1% to 6%? The value of m is expected to decrease by approximately 45 %. (Round your response to the nearest integer)

A standard "money demand" function used by macroeconomists has the form In(m) = Bo + ByIn(GDP) + B2R, Where m is the quantity of (real) money, GDP is the value of (real) gross domestic product, and R is the value of the nominal interest rate measured in percent per year. Supposed that B, = 2.28 and fz = - 0.09. What is the expected change in m if GDP increases by 1%? The value of m is expected to increase by approximately 2 %. (Round your response to the nearest integer) What is the expected change in m if the interest rate increases from 1% to 6%? The value of m is expected to decrease by approximately 45 %. (Round your response to the nearest integer)

Name: A standard "money demand" function used by macroeconomists has the fo
Uploaded: 2024-03-20T07:06:41.000Z
Channel: Bartleby
Description: A standard "money demand" function used by macroeconomists has the formIn(m) = fo + B,In(GDP) + 62R,Where m is the quantity of (real) money, GDP is the value of (real) gross domestic product, and R is the value of the nominal interest rate measured

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Related questions

Q: 2. When a patient is given a vitamin B-12 treatment to promote red blood cell formation, the dose D,…

A: Need to find dosage for weighing 175 pounds

Q: Suppose the income from an Internet access business is a continuous income stream with annual rate…

A: We have given the rate of annual flow,f(t)=900 t e-0.1t

Q: B. A family on a University campus has a 150-gallon tank that is filled at the beginning of each…

A: Given information: fx=x, 0≤x≤11, 1<x<1.50, elsewhere

Q: (b) Using a cross-country data of 38 countries, we obtain the following equation: Log(eduexp)= -5.43…

A: A production function is specified as below: yi = α+β1x1i+β2x2i+μi where y = log output…

Q: A company's sales is expected to grow exponentially for the next seven years. The sales were $43…

Q: 9. Mr. Jimoh has his mint Wayne Gretzky rookie card appraised at $12,500. If the value of the card…

Q: a) flx) = (x+4) x* %3D /3

A: Givenf(x)=(x+1)x13

Q: Q3// Find without calculator: Csc-(V2)

A: Given problem is :

Q: On June 25, 2020, North Carolina reported 1009 new CoVID-19 cases. On July 14th, 2020, North…

Q: 9. The rate at which the value, V, of a painting changest years after it is completed is given by…

A: Image is attached.

Q: According to-one-mathematical-model, the-average life-expectancy-for…

Q: 4- What's the problem with seasonality and what function is used to remove this problem?

A: A time series data is a type data that are collected over an interval of time. It is a technique to…

Q: 4. A particular automobile is worth $15,200 today and will be worth $9,800 in three years. a) At…

Q: A company anticipates there will be a demand for 20,000 copies of a certain book during the next…

A: Inventory Management with Printing Setup Costs: A Step-by-Step ExplanationThe scenario you described…

Q: the correct formula for marginal profit is

A: Given the correct formula for marginal profit is

Q: (1) RELATED RATES. Provide all details as demonstrated in class. x= chronological order of the…

A: We will use derivative to find rate of change of one variable with respect to other

Q: (a) Draw tangent lines for 1982, 1990, 1995, and 2000. Estimate their slopes. Record the slopes.…

A: Draw the tangent lines for the years 1982, 1990, 1995, and 2000 as follows.

Q: Which of the following functions exchibits exponential growth? A (a) = (종)" fa (2) = z³ f3 (2) =…

A: The exponential growth function is given by: f(x)=abx; a≠0, b>0

Q: Number of Year Students 2012 750 2013 769 2014 788 2015 808 Using exponential models, if both…

A: Let, the exponential equation for the number of students of Lee High school since 2012 is of the…

Q: the basis of data for the years 1912 through 1992, the expected life span of people in a country can…

Concept explainers

Contingency Table

A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.

Binomial Distribution

Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.

Topic Video

Question

A standard "money demand" function used by macroeconomists has the form
In(m) = fo + B,In(GDP) + 62R,
Where m is the quantity of (real) money, GDP is the value of (real) gross domestic product, and R is the value of the nominal interest rate measured in percent
per year. Supposed that B, = 2.28 and B2 = - 0.09.
What is the expected change in m if GDP increases by 1%?
The value of m is expected to increase by approximately 2 %.
(Round your response to the nearest integer)
What is the expected change in m if the interest rate increases from 1% to 6%?
The value of m is expected to decrease by approximately 45 %.
(Round your response to the nearest integer)

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

$Discrete Probability Distributions$

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.

Similar questions

How is the slope coefficient interpreted in a log-linear model, where thedependent variable is (i) in logarithms but the independent variable is not, (ii)in a linear-log model, (iii) in a log-log model?
Suppose that a demand function is given by q = D(p) = 20(7 - ((p) with superscript (2)/square root of ((p) with superscript (3) + 1))) , where q is the demand for a product and p is the price per unit in dollars. Find the rate of change in the demand for the product per unit change in price. a.(dq/dp) = (-20(p) with superscript (4) + 80p/(((p) with superscript (3) + 1)) with superscript (1/2)) b.(dq/dp) = (10(p) with superscript (4) - 40p/ (((p) with superscript (3) + 1)) with superscript (3/2) ) c.(dq/dp) = (-10(p) with superscript (4) - 40p/ (((p) with superscript (3) + 1)) with superscript (1/2) ) d.(dq/dp) = (-10(p) with superscript (4) - 40p/ (((p) with superscript (3) + 1)) with superscript (3/2) )
The value of the Conference Board Index of 10 economic indicators in the United States could be approximated by the following function of time in months since the end of December 2002. Jo.se + 150 fosts 15 -0.21 160.5 i 15
2. Lijah opened an account at Advantis Credit Union. The balance of her account after x years is represented by the function b(x) = 500(1.05)*. What annual interest rate is Lijah earning? а. b. After how many years did it take for Lijah's balance to double? Show all of your work.
25. (a) Determine whether y = 3. 7* is a linear, power, or exponential function (i.e, choose one column,and fill in the missing values in that column. Linear Function slope = Power Function coefficient = Exponential Function initial value = y-intercept = exponent = b = (b) Determine whether y = is a linear, power, or exponential function (i.e, choose one column,and fill in the missing values in that column. Exponential Function initial value Linear Function Power Function coefficient = slope = y-intercept = exponent = (c) Determine wheter y = 3- (r+10)-7x is a linear, power, or exponential function (i.e, choose one column,and fill in the missing values in that column. Linear Function slope = Power Function coefficient = Exponential Function initial value = y-intercept = exponent = b = (d) Determine wheter y = 12" · 997 is a linear, power, or exponential function (i.e, choose one column,and fill in the missing values in that column. Linear Function slope = Power Function coefficient =…
1. A liquid starts at an initial temperature of 175 C and cools down in a room held at a constant temperature of 16 C. It's temperature can be modeled, as a function of time cooling, by the equation y=a(b) +c. which of the following statements is true? (1) a=159 andc=16 (3) a=175 andc=16 (2) a=16 andc=159 (4) a=16 and c=175 14
A standard "money demand" function used by macroeconomists has the form In(m) = Bo + B, In(GDP) + B2R, Where m is the quantity of (real) money, GDP is the value of (real) gross domestic product, and R is the value of the nominal interest rate measured in percent per year. Supposed that B, = 2.15 and B, = -0.06. %3D What is the expected change in m if GDP increases by 3%? The value of m is expected to V by approximately%. (Round your response to the nearest integer) What is the expected change in m if the interest rate increases from 1% to 9%? The value of m is expected to ▼ by approximately %. (Round your response to the nearest integer)
Define the Derivatives of the following Linear Functions: 1)Total Cost Function 2) Consumption function 3) Supply value of calculus to business
Do not know how to do
A client’s orders are growing consistently at x% per year. A) If three years from now orders are 50% higher than today, what is the annual growth rate (x)? B) Write an expression (in terms of x) for how many years it will take until orders are double what they are currently
10. The number of male alates in an ant colony has been found to be approximately a linear function of the age of the colony, with a 5-year-old colony having 8.2 alates on average, and a 17-year-old colony having an average of 33.4 alates. Write the number of male alates ( y ) as a linear function of the age of the colony in years (t).