Community Digest |
Top new questions this week: |
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Effect of technological progress (halved labor requirement) in a Simple Keynesian ModelI am trying to solve a question regarding a technological shock in a Simple Keynesian framework. I am confused between the Neoclassical supply-side intuition and the Keynesian demand-side logic. The ...
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Find the demand function and the indirect utility functionThe consumer has a utility function $U(x_1, x_2) = x_1 + x_2$. Find the demand function and the indirect utility function. My work: Consider: $ \left\{\begin{matrix} -u(x) \to min \\ \sum p_ix_i \le I ...
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Greatest hits from previous weeks: |
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How to calculate average buy price when you buy, sell and rebuyI wanted to get my average buy price for some stocks I bought and see if I made money. So far, for just buying and then later selling, I have been calculating the average buy price using this formula <...
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Microeconomics question on elasticityTwo drivers--Walt and Jessie--each drive up to a gas station. Before looking at the price, each places an order. Walt says, 'I'd like 10 gallons of gas.' Jessie says, 'I'd like $10 worth of gas.' What ...
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What is the difference between ATE and ATT?I saw ATE and ATT in some discussions regarding DID settings recently. ATE is the Average Treatment Effect while ATT is Average Treatment Effects on Treated. I am wondering the difference between ...
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Why is the oil future price negative?I don't understand why the price of oil futures went negative today. News say it is because sellers cannot sell it. But, why don't they just hoard it until the coronavirus crisis is off? Why don't ...
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How is Italy so rich, given its high corruption and crime?Much of Italy's territory is de facto controlled by organized crime, rather than the State. The corruption of its long time leader, Silvio Berlusconi, was all but record breaking. Given the above one ...
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What are FOCs and SOCs?I keep seeing the terms first-order conditions and second-order conditions used in my undergrad economics class on production functions, monopolies, etc but I have no idea what these terms mean. It ...
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How does a country devalue its currency?I recently read an article in the New York Times that talked about China devaluing its currency (which I believe is held to a peg against the US Dollar). My question is: specifically what tools does a ...
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Can you answer this question? |
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Confusion between Balanced Budget Multiplier and Autonomous Expenditure Multiplier calculationI encountered a question regarding the simple Keynesian model, and I am confused about which specific multiplier is being requested and how to derive it. The Problem: In the Keynesian model, if an ...
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