User Account

All Pages

Define the economics terms

Assignment Help Macroeconomics
Reference no: EM1321402 , Length: 1250 Words

Define the Economics terms below for .

.      (a)  national accounting identity

.      (b)  Hodrick Prescott filter and what it does

.      (c)  Cobb Douglas production function

.      (d)  relationship between the production function and the production possibility frontier for RC

.      (e)  preferences between consumption and leisure

.      (f)  CES utility function

.      (g)  CES utility and elasticity (or inelasticity) of demand for consumption

.      (h)  the importance of non-labor income

.      (i)  marginal product of labor (and its relation to wages)

.      (j)  marginal product of capital (and its relation to rents)

.      (k)  aggregate supply curve for labor

.      (l)  aggregate demand curve for labor (and where it comes from)

.      (m)  lump sum tax

.      (n)  sources of economic growth (from production function)

.      (o)  Kaldor's facts about economic growth

.      (p)  Williamson's facts about economic growth

.      (q)  convergence of economic growth

.      (r)  conditional convergence of economic growth

.      (s)  effective labor and labor augmenting technology

.      (t)  total factor productivity

.      (u)  Solow residual

.      (v)  Golden rule

.      (w)  endogenous and exogenous growth (and the diference)

.      (x)  AK model

.      (y)  production externalities 

Reference no: EM1321402

Questions Cloud

Computing third quartile of the exam scores : Consider following data on exam scores of 10 randomly selected students: Compute 3rd quartile of the exam scores.
Find article which discusses security issues : Find an article that discusses security issues and how they affect carrier cost weather this is by air, ground or sea. In the first sentence of this review be sure to identify clearly this issue that's being addressed.
What is the yrly equivalent expense : Illustrate what is the present equivalent of the overhaul expenses at time 0. Illustrate what is the yrly equivalent expense during only yrs 5-13.
Computing slope of an ols regression line : Compute b1, slope of an OLS regression line using dollars spent as dependent variable (Y) and age as independent variable (X).
Define the economics terms : Define the Economics terms, national accounting identity, Hodrick Prescott filter and what it does,  Cobb Douglas production function
After that deweys opportunity cost of producing : After that Dewey's opportunity cost of producing one bushel of corn is 1/2 yard of cloth.
Sufficient evidence to conclude difference exists in mean : At the significance level 0.01 is there sufficient evidence to conclude that a difference exists in the mean time required for the elimination of the rash?
This might be interpreted as an upward shift : This might be interpreted as an upward shift in the consumption function. How does this shift affect investment also the interest rate.
Behaviourism and organizational psychology : Discuss some of the differences and relationships between behaviourism and organizational psychology. Why do you think Organizational Behaviour has tried to accommodate both?

Reviews

Write a Review

Macroeconomics Questions & Answers

  Computation of quantity and profit

Find out what quantity of the book Warm fuzzy should print, and what price it should charge in order to maximize profit.

  Factors which affecting level of productivity of labour

Consider the following situations. Evaluate how they would affect the level of productivity of labour.

  Evaluation of profitable investment

If you can borrow (and lend) money at an interest rate of 8 percent, will the investment be a profitable undertaking? Is the project profitable at an interest rate of 12 per cent? Provide numerical calculations in support of your answers.

  What happens when government levy tax

A monopolist faces the following demand curve: P=120-0.02Q-What is the level of production, price and total profits per week?

  Marginal rate of substitution for corny dogs

In a few weeks Professor Smith will be taking his daughter Attilla to the State Fair. Calculate the Marginal Rate of Substitution (MRS).

  Calculation of multiplier and change in investment

In a closed economy without a government sector, consumption is determined as 80% of the income available to households.  Investment is autonomous at a level of £450.

  Long run profits and number of firms in industry

Suppose that there are N firms in a competitive industry-Calculate the number of firms that will be in the industry in the long run and what will be the profit of each? Explain.

  Loss of global investors confidence on exchange rate

The following quotations are from an article in the Financial Times on November 9, 2007:

  What is opportunity cost

What is opportunity cost? Explain with the help of an example, why assumption of constant opportunity cost is very unrealistic?  Explain law of demand with the help of a demand schedule and demand curve.

  Determining the impact of fiscal

If increased government spending and tax cuts were equally effective in stimulating aggregate demand, which fiscal tool would you select? Why?

  Essay on us airline regulation

During the period of airline regulation, the government set airline fares and regulated an air carrier's entry into and exit from particular markets.

  Rate of inflation using money supply and real gdp

If velocity is unchanged and the money supply grows by 13% and the real GDP grows by 4%, what is the rate of inflation?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd