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An economy has the per-worker production function f(k) = 10k0.4. The depreciation rate is d = 0.05 and the labor force growth rate is n = 0.01. The saving function, in aggregate form, is St = 0.3Yt . Find the steady-state capital-labor ratio, the steady-state value of output per worker, and the steady-state value of consumption per worker.
Using aggregate supply and aggregate demand examine, describe what effects, if any, the following changes have on each nation's Price Index and real GDP.
Due to the slow down economy, it is expected that there will be .7 million additional workers who will lose their jobs next month. Determine the expected unemployment rate for next month?
A change in the real money supply can result from a change in nominal money supply through Federal Reserve policy.
Determine when does the idea of opportunity cost indicate? think how the production of one good affects the possible production level of other goods.
In late June the Fed lowered its federal funds rate target from 1.25 percent to 1 percent. However between mid June and early August the yield on longer term 10 year Treasury notes rose from 3.1% to over 4.3%.
Discuss the real output and in ation expressions verbally - New Keynesian model with technology shocks
Provide the demand curve in part a, what is the equilibrium price and quantity. If consumer income increases to 30,000 what will be the impact on equilibrium price and quantity.
Create a scatterplot with age on the horizontal axis and the log of price on the vertical axis. Do older wines tend to sell for more than younger wines? Does an older wine always sell for more than a younger wine?
The following is a list of figures for a given year in billions of dollars. Calculate the GDP and NI.
You all hear on TV every day or so that the United States customers has been holding up and kept our economy going.
From each pair of goods, pick the good for which demand will most likely be more elastic:
Given the data of real disposable income and real consumption, draw consumption function, determine the slope-What is the marginal propensity to consume?
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