... through a forest of data points all with large error bars; or as a means of making
initial rough estimates of simple parameters from a graph.
In this section we discuss a particular type of low-pass ... f
i
by a linear combination g
i
of itself and some
number of nearby neighbors,
g
i
=
n
R
n=−n
L
c
n
f
i+n
(14.8.1)
Here n
L
is the number of points used “to the left” of a da...
... I’ll produce 24 pounds of meat and 2 pounds of
potatoes. After I give you 3 pounds of meat in exchange for 1 pound
of potatoes, I’ll have 21 pounds of meat and 3 pounds of potatoes. In
the end, ... easier to see in the case of babies and mini-
vans. Couples often buy a minivan in anticipation of the birth of a child. The
Violent
Crimes
(per 1,000
people)
Police Officers
(pe...
... QUIZ: List the determinants of the quantity of pizza you demand.
◆ Make up an example of a demand schedule for pizza, and graph the
implied demand curve. ◆ Give an example of something that would ... change in the price of pizza shift this demand
curve?
Price of
Cigarettes,
per Pack
Number of Cigarettes
Smoked per Day
D
2
D
1
01020
$2.00
BA
(a) A Shift in the Demand Curve
Price...
... price of an ice-cream cone
causes the amount of ice cream you buy to fall by 20 percent. We calculate your
elasticity of demand as
Price elasticity of demand ϭϭ2.
In this example, the elasticity ... price of computers reduces the quantity of software demanded.
QUICK QUIZ: Define the price elasticity of demand. ◆ Explain the
relationship between total revenue and the price elast...
... the typical spell
of unemployment lasts.
HOW IS UNEMPLOYMENT MEASURED?
Measuring unemployment is the job of the Bureau of Labor Statistics (BLS), which
is part of the Department of Labor. Every ... goods and services.
Although some degree of unemployment is inevitable in a complex economy with
thousands of firms and millions of workers, the amount of unemployment varies
subs...
... variety of
interesting problems for eco-
nomic theory. Some of these
problems were highlighted in
our description of the theory of
efficiency wages. These prob-
lems, however, go beyond the
study of ... surplus of
workers, it might seem profitable to reduce the wage it is offering. But by reducing
the wage, the firm induces an adverse change in the mix of workers. In this case,...
... quantity of money (M) times the velocity of money
(V) equals the price of output (P) times the amount of output (Y). It is called the
quantity equation because it relates the quantity of money ... quantity of money, the
velocity of money, and the dollar
value of the economy’s output of
goods and services
636 PART TEN MONEY AND PRICES IN THE LONG RUN
The price level must rise...