Describe the general procedures followed by DSGE researchers creating a new model.
What will be an ideal response?
1.Pose the question to be answered.2.Develop a model containing the major elements needed to answer the question. Analyze the decisions that each economic agent must face.3.Match the model up with economic data, using statistical techniques to calculate the sizes of shocks that occur.4.Simulate the model and compare the statistical properties of the model with those of the data.
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Depak's team was not making much progress on defining a new production process. Nicole was being very uncooperative. She did not agree with Depak's direction, and she has not completed her tasks. This team is in what stage of group development?
A. performing B. storming C. adjourning D. forming E. norming
The United Nations designates 50 countries in the bottom ranks of the low-income category named as:
A) Low-income countries. B) Lower-middle-income countries. C) BRIC countries. D) Developing countries. E) LDCs (least-developed countries).
Which of the following is true of advertising for the Heineken and Foster's brands in the United States?
A) Both Heineken and Foster's utilize the GCCP strategy. B) Both Heineken and Foster's utilize the FCCP strategy. C) Heineken utilizes the GCCP strategy; Foster's utilizes the FCCP strategy. D) Heineken utilizes the FCCP strategy; Foster's utilizes the GCCP strategy. E) Heineken utilizes the LCCP strategy; Foster's utilizes the GCCP strategy.
Chu Company provided the following information related to its inventory sales and purchases for December Year 1 and the first quarter of Year 2: Dec. Year 1Jan. Year 2Feb. Year 2Mar. Year 2 (Actual)(Budgeted)(Budgeted)(Budgeted)Cost of goods sold$80,000 $140,000 $180,000 $120,000 ? Desired ending inventory levels are 25% of the following month's projected cost of goods sold. Budgeted purchases of inventory in February Year 2 would be:
A. $225,000. B. $165,000. C. $180,000. D. $135,000.