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Presume the government passes a law requiring households to increase their saving rate by 10 percent. According to the Solow Growth Model, in the short run:
1. Output per worker remains constant
2. Output per worker grows more rapidly
3. Output per worker grows more slowly
4. Output per worker grows at the same rate as the labor force
5. None of the above.
1. if there is a constitutional requirement to maintain a balanced budget then during a recession when tax revenues are
a profit maximizing monopolist is earning a positive economic profit. the wage it pays its workers rises. how will the
a. What is the own price elasticity of demand when Px = $140? Is demand elastic or inelastic at this price? What would happen to the firm's revenue if it decided to charge a price below $140?
what is the appropriate balance between private and public i.e. government activity? think of a case where the
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the cost of pollution in billions of dollars originating in the paper industry is cp2p p2where p is the quantity of
Suppose that there are three firms, who produce homogeneous products, and whom have the same marginal cost which is constant over output. These firms play an infinitely repeated Bertrand pricing game. Each period they simultaneously set prices.
neoclassical economics was a crucial stage in the creation of a genuinely scientific unified theory of economic
What are the strengths of the CPI? What are the characteristics of these strengths? Same for weaknesses?
questionnbsp part a the table shows the demand and supply schedules for low-cost housing.rent per
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Early Classical economists found the following "diamond/water" paradox perplexing
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