Which of the following is most likely a topic of discussion in a microeconomics course?
a. a decrease in the share of national income paid to the government in taxes
b. an increase in the price of lumber used to construct houses
c. an increase in the rate of inflation
d. an increase in the number of jobless individuals filing unemployment claims
b
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A VAR with k time series variables consists of
A) k equations, one for each of the variables, where the regressors in all equations are lagged values of all the variables B) a single equation, where the regressors are lagged values of all the variables C) k equations, one for each of the variables, where the regressors in all equations are never more than one lag of all the variables D) k equations, one for each of the variables, where the regressors in all equations are current values of all the variables
Explain and show graphically how a decrease in household saving affects the equilibrium interest rate and the equilibrium quantity of loanable funds
What will be an ideal response?