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FIGURES FOR CHAPTER 6

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 ).

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FIGURES FOR CHAPTER 6

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  1. MATTERS OF FUNCTIONAL FORM FIGURES FORCHAPTER 6 Click the mouse or use the arrow keys to move to the next page. Use the ESC key to exit this chapter.

  2. Figure 6.1The log-log model.

  3. Figure 6.2The log-log model(b < 0).

  4. Figure 6.3The constant growth model in discrete time(Y0 = 100, g = 0.05).

  5. Figure 6.4U.S. GDP per capita, 1880–1987.

  6. Figure 6.5The natural logarithmic function y = log x.

  7. Figure 6.6Prices during the Hungarian hyperinflation of 1945–1946.

  8. Figure 6.7The lin-log model: Y = a + b log X.

  9. Figure 6.8Prais and Houthakker’s Engel curve for meat consumption, based on a lin-log regression model.

  10. Figure 6.9The reciprocal model: Y = a + b.

  11. Figure 6.10Prais and Houthakker’s Engel curve for meat consumption, based on a reciprocal regression model.

  12. Figure 6.12Alternative functional forms for an Engel curve fitted to Houthakker’s electricity demand data.

  13. Figure 6.13Money and prices during the Germanhyperinflation,September 1920– November 1923 (Sept. 1920 = 1.0).

  14. Figure 6.14Money and pricesduring the Polishhyperinflation, April 1922– November 1923 (April 1922 = 1.0).

  15. Figure 6.15The velocity of money in the United States, 1869–1970.

  16. Figure 6.16Real money holdings log(Mt/Pt ) decline during a hyperinflation.

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