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Based on the equation for line of best fit: ŷ = -20.65 – 56.98xy^=−20.65−56.98x If the value for x is controlled to be 110 units, what will be the estimated value of y?
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Suppose the price level in the US is 150 while the corresponding price level in the UK is 100. If the nominal exchange rate is e=2/3£/$, what is the real exchange rate between the US dollar and the British pound (that is, how many baskets of British goods can be purchased with one corresponding basket of US goods)?
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Choose one of the options below to fill in the two blanks:
8. Question 8 Choose one of the options below to fill in the two blanks: A (1) _______ tip occurs when a gradual change in the value of a variable…