figures for chapter 6
DESCRIPTION
MATTERS OF FUNCTIONAL FORM. FIGURES FOR CHAPTER 6. Click the mouse or use the arrow keys to move to the next page. Use the ESC key to exit this chapter. Figure 6.1 The log-log model. Figure 6.2 The log-log model ( b < 0 ). - PowerPoint PPT PresentationTRANSCRIPT
©2005 Brooks/Cole - Thomson Learning
FIGURES FOR
CHAPTER 6
MATTERS OF FUNCTIONAL FORM
Click the mouse or use the arrow keys to move to the next page.Use the ESC key to exit this chapter.
©2005 Brooks/Cole - Thomson Learning
Figure 6.1
The log-log model.
©2005 Brooks/Cole - Thomson Learning
Figure 6.2
The log-log model (< 0).
©2005 Brooks/Cole - Thomson Learning
Figure 6.3
The constant growth model in discrete time(Y0 = 100, g = 0.05).
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Figure 6.4
U.S. GDP per capita, 1880–1987.
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Figure 6.5
The natural logarithmic function y = log x.
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Figure 6.6
Prices during the Hungarian hyperinflation of 1945–1946.
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Figure 6.7The lin-log model: Y = + log X.
©2005 Brooks/Cole - Thomson Learning
Figure 6.8Prais and Houthakker’s Engel curve for meat consumption, based on a lin-log regression model.
©2005 Brooks/Cole - Thomson Learning
Figure 6.9
The reciprocal model: Y = + .
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Figure 6.10Prais and Houthakker’s Engel curve for meat consumption, based on a reciprocal regression model.
©2005 Brooks/Cole - Thomson Learning
Figure 6.12
Alternative functional forms for an Engel curve fitted to Houthakker’s electricity demand data.
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Figure 6.13Money and prices during the Germanhyperinflation,September 1920– November 1923 (Sept. 1920 = 1.0).
©2005 Brooks/Cole - Thomson Learning
Figure 6.14Money and pricesduring the Polishhyperinflation, April 1922– November 1923 (April 1922 = 1.0).
©2005 Brooks/Cole - Thomson Learning
Figure 6.15The velocity of money in the United States, 1869–1970.
©2005 Brooks/Cole - Thomson Learning
Figure 6.16
Real money holdings log(Mt/Pt ) decline during a hyperinflation.