FIGURES FOR CHAPTER 6 MATTERS OF FUNCTIONAL FORM

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 (b < 0). © 2005 Brooks/Cole - Thomson Learning

Figure 6. 3 The constant growth model in discrete time (Y 0 = 100, g = 0. 05). © 2005 Brooks/Cole - Thomson Learning

Figure 6. 4 U. S. GDP per capita, 1880– 1987. © 2005 Brooks/Cole - Thomson Learning

Figure 6. 5 The natural logarithmic function y = log x. © 2005 Brooks/Cole - Thomson Learning

Figure 6. 6 Prices during the Hungarian hyperinflation of 1945– 1946. © 2005 Brooks/Cole - Thomson Learning

Figure 6. 7 The lin-log model: Y = a + b log X. © 2005 Brooks/Cole - Thomson Learning

Figure 6. 8 Prais 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 = a + b. © 2005 Brooks/Cole - Thomson Learning

Figure 6. 10 Prais 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. © 2005 Brooks/Cole - Thomson Learning

Figure 6. 13 Money and prices during the German hyperinflation, September 1920– November 1923 (Sept. 1920 = 1. 0). © 2005 Brooks/Cole - Thomson Learning

Figure 6. 14 Money and prices during the Polish hyperinflation, April 1922– November 1923 (April 1922 = 1. 0). © 2005 Brooks/Cole - Thomson Learning

Figure 6. 15 The 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. © 2005 Brooks/Cole - Thomson Learning