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An increase in population or population growth rate has the exact opposite effect in the Solow and Romer models. In this question, we'll focus on the Romer model only. Suppose an economy at time (t0, i.e., time of impact) experienced an influx of 10,000 workers. Using the Romer model, carefully, explain how this event would impact this economy's level of output per capita and its growth rate, both at the time of impact and subsequently.
In 2013, approximately 58 percent of the adult population (245million) was employed, the lowest employment rate in 20 years. If the employment rate increased to the Prerecession level of 62 percent, How many more people would be working?
The two primary issues in international commerce are dumping and tariffs. Dumping is the international form of predatory pricing, prohibited by the WTO. Tariffs are taxes on imported goods, effectively increasing the price on these goods. A domestic ..
The European Coal and Steal Community (ECSC) is always discussed as the beginning of the rule of law in Europe. What is exactly meant by that expression? Please discuss the principle of double majority in the EU. Why is the voting principle so fundam..
A situation in which the Fed holds interest rates constant (at a low level) in order to increase the effectiveness of fiscal stimulus is known as ___________.
What are the MPC and APC all about? Compare and contrast these concepts? is it better to have a high propensity to consume or lower? Which people fit the high versus the low category?
Students will submit a 750-1,000-word paper (double spaced) this week, identifying and describing the key components of a comprehensive incident response plan for any attack on an organization's network and data. This paper should start with the i..
Consider a consumer who consumes two goods, x and y. He has Cobb-Douglasutility function given by U(x, y) = xy. Let the income of the consumer be 100.dollars. Price of x is $5 per unit and price of y is $10 per unit.MRS = y. What is the optimal consu..
If the table represents the demand faced by a monopoly firm, then Illustrate what is which firm's marginal revenue as it increases output from 1300 units to 2200 units? Elucidate how all work.
You can sell 100 pet chias per week if they are marked at $1 each, but only 40 each week if they are marked at $2/chia. Your chia supplier is prepared to sell you 30 chias each week if they are marked at $1/chia, and 70 each week if they are marked a..
In a local market, the monthly price of Internet access service decreases from $20 per account to $10 per account, and the total quantity of monthly accounts across all Internet access providers increases from 100,000 to 200,000. What is the price..
There are only two individuals that make up the market demand for this market. Person 1 is willing to pay a price P = 200 - 50 q1 for each quantity q1 that person 1 consumes. The willingness to pay for person 2 is P = 200 - 100 q2. what is the equil..
We have been discussing all semester about when and if the Fed is going to get off the zero bound and start raising interest rates (aka, the exit strategy). In fact, it appears quite likely that the Fed will get off the zero bound at after their 2 da..
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