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Problem: Two important economic growth drivers are a country's rate of savings and its rate of technological progress. Using the Solow framework, explain the effects of (i) an increase in the saving rate and (ii) an increase in technology on output per person during the transition and in the very long term. Ensure to include diagrams to support the answer.
During the period of the "Great Moderation" (the mid-1980's through the mid-2000's), discussion of the Keynesian expenditure multiplier had largely gone
How macroeconomics is different from microeconomics. How can macroeconomists use microeconomic theory to guide them in their work
Illustrate an advantage of each strategy and under what conditions you might use each. How do market prices differ between perfectly and imperfectly competitive markets.
Civilian Labor Force As you go to and from school, take note of the various occupations around you. List at least 10 occupations, and then classify.
Prepare: At this point in the course, you should have completed a rough draft of your Final Argumentative Essay( Topic Adult Illiteracy on a global level) . In preparation for this discussion, make a list of what you learned most throughout this p..
Firms can now not only choose their prices but can also choose their location. This happens in two stages. In the first period, firms choose their locations and in the second period, they choose their prices. The transport cost of the consumer is ..
An economist has estimated that, near the point of equilibrium, the demand curve and supply curve for bonds can be estimated using the following equation B: Price= -2/5 quantity + 940 Equation 1 B: Price= quantity + 500 Equation 2 a.
What is the value of a statistical life? How is it estimated? What are some issues associated with its use?
Create a matrix identifying the roles, expenditures, and revenue for the federal, state, and local levels of government.
In the limit pricing payoff matrix, Coa can choose a given row of outcomes by offering a limit price or monopoly price. Choose a given column of outcomes by choosing to offer a limit price or monopoly price.
How will each of the following affect planned investment and unplanned inventory investment.
At each level of output compute savings. At each level of output, compute unplanned investment (inventory change). What is likely to happen to aggregate output if the economy were manufacturing at each of the levels indicated?
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