The oil shocks of the 1970s, supplemented by other special factors--food prices and elnino--are offered as explanations of past inflation. Years ago, Karl Brunner named this procedure the upper-tail theory of inflation. Now, we have its c 由于各自的价格变动, Nonmonetarists经常解释通货膨胀。
Lots of Keynesians think recent events in Britain support the Keynesian model—particularly the Keynesian critique of “austerity.” Put aside the fact that Britain clearly isn’t “stuck” in a liquidity trap, rather the BoE simply does not want to push inflation even higher. Let’s say my ...
How does current economic theory explain the pervasive global low interest rates, low inflation, combined with low unemployment? We have Keynesian and Monetary economics but neither have explanations. Explain the concept of Okun's law and why it is important to macroeconomics. Ex...
The title text is a continuation of one of the jokes already mentioned in the main comic (fourth phrase from the top to the left) aboutFast radio bursts(FRBs) andperytons. See explanation in the last entry in thetable below. Suppresses antimatter in early universe Spontaneously emits dark ...
The CEO of a business bases its pricing decisions solely on the fact that inflation last year was 2%. Is this an example of rational expectations? Explain. What does "intuition" employ as a problem-solving method? A) innate...
Left Dr. Evil's ransom demands from the film "Austin Powers" corrected for inflation between 1969 and 1997. Middle-right Another reference to J. K. Rowling, comparing her (actual $1 billion) net worth as an author with her (imagined $82,000) net worth as a rapper. The magnified ...
Although this value means that the two variables are highly correlated as the value is above 0.8, the variance inflation factor (VIF) test shows that all VIF values are below 5 (Table 4). The VIF test shows that the multicollinearity problem does not exist. Table 3. Correlation Matrix for...