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In the Macroeconomics book by Stephen Williamson (5th Edition) in the Appendix for Ch. 7-8 Problem 1 the problem asks: Suppose in Solow growth model that there is government spending financed by lump-sum taxes, with total government spending G=gY, where 0<g<1. Solve for steady state capital per worker, consumption per worker, and output per worker, and determine how each depends on g. Can g be set so as to maximize steady state consumption per worker? If so, determine the optimal fraction of output purchased by the government, g*
According to the BLS, what was the inflation rate for gasoline for the month of December 2010?
Visit the Bureau of Labor Statistics website, and click on "Employment Situation Summary" to get the most up to date summary of unemployment in the United States.
who are managed with a heart device known as the right heart catheter. Suppose as a result, the FDA limited supply of the heart catheters. Draw the likely effect of the report and subsequent action by the FDA on the market fo rright heart catheter..
Select 2 companies in the geographical location you live in and find out if they price discriminate. Why do these two companies price discriminate?
In practice, the government would have to be very knowledgeable to divide up the pollution abatement between the plants in the least cost manner. Tradeable pollution permits are one way to get around this concern. Briefly explain why.e. If polluti..
How will this policy-change affect outpatient care market and what will be effect of this hospital admission reviews on the insurance market?
Illustrate what is the effect on the supply and demand of skateboards. Every events described below will have some impact on the demand for skateboards.
Assume the population over age. Elucidate what would be the measured unemployment rate.
Briefly discuss the advantages and disadvantages of foreign exchange rate targeting and also describe advantages and disadvantages for each tool the Fed can use to manipulate the federal funds rate.
Illustrate this strategic interaction using a game in normal form and has WallMart a strictly dominant strategy? Has it a strictly dominated strategy? Clearly explain.
Sketch a graph of demand and supply curves that shows the effect of an increase in rainfall on the equilibrium price and quantity of corn. Do price and quantity increase or decrease?
under current law most social security recipients do not pay federal or state income taxes on their social security
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