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Assume the economy has achieved the balanced growth steady state.
Explain what factors determine the rates of growth of each of the following variables when balanced growth is achieved: output per effective worker, capital per effective worker, output per worker, output, and consumption per worker
Show the long run change in the US money market equilibrium using a diagram. Describe the short-run impact on the spot exchange rate.
Illustrate what does this tell you about the observability and accuracy of real interest rates compared to nominal interest rates.
According to the definitions we've been using in the course material relative to professionals and professionalization, is a professional athlete a professional worker? Why or why not? Are athletes in some fields more professional than others? Doe..
What do you perceive as the reasons for the growing level of income inequality? Is it linked to wage differentials? What can we as a society do about it?
This term paper should reflect on the value of Macroeconomics and how it relates to their lives, their employment, their community, their nation and the world community.
Would an attempt to decrease the budget deficit not increase it. Does today's deficit not create tomorrow's surplus.
Serena consumes popsicles (X) and ice cream cones (Y). Her utility function given by U (x,y) = 3xy. The price of a popsicle is $2, and the price of an ice cream cone is $3. Serena has $40 dollars to spend. A.) Set up the Lagrangian for the consum..
For each of the determinants of demands, identify an example illustrating the effect on the demand for hybrid gasoline-electric vehicles such as the Toyota Prius. Then do the same for each of the determinant of supply. In each instance.
Although DEC promises to help find an alternative source of power, New Yorkers aren't willing to risk blackouts and brownouts to save a few fish.
Explain in details how this uncertainty may affect you and your future as an International student studying in the United State and what measures and tactics you may use to contain or reduce the possibility of any risks to you, your education, and..
For each of the following scenarios, determine if there is an increase or a decrease in supply for the good in italics.
a) If the decision is made based on majority voting, what is the outcome? b) Determine if each of Ben, Jill or Lisa is pivotal in the sense that her/his presence or absence will affect the (optimal) outcome. c) Calculate the externality imposed by ..
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