Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Consider the Solow growth model with constant (positive) population growth (γN > 0) and technological change (γH > 0). Suppose that the aggregate production function is Yt = ztKt^a(HtNt)^1−α . (a) Derive the law of motion for capital per effective worker, ˜kt ≡ Kt/(HtNt). Describe your steps as you go along. (b) Using a diagram, show how to determine the steady state value of capital per effective worker (c) Absent shocks, why does capital per effective worker converge to its steady state value? (d) Assume that the economy starts in steady state. Suppose that at some time t0, a horrible plague wipes out half of the population. Miraculously, neither the aggregate capital stock nor total factor productivity, zt , nor human capital per worker, Ht , are affected by the plague. Sketch the time paths for the logs of: population, total factor productivity, aggregate consumption, aggregate capital and aggregate output.
What would we expect a positive supply shock to do to the real wage? Employment? Explain. The rate of growth in Canada's real GDP is expected to be only 2% next year. What do you predict will happen to the unemployment rate? Explain.
A $1.00 increase in the price of a restaurant meal results in a drop in quantity demanded of 5 meals.
What impact is increased internet banking likely to have on the demand for cash money? Be specific and detailed in your answer.
Demand-Supply Analysis and the American Revolution a. Before the American Revolution, the British government required that all imports to the colonies from outside the British Empire were first shipped to England (part of the Navigation Acts). A Bost..
Illustrate what were the major factors that have affected US household consumption While the recession in 2001
q. assume the united states exports 2000 computers at a cost of 3000 each and imports 200 uk autos at a cost of
The price of oranges has risen dramatically. Which of the following is likely to happen?
New York City's banking community served many of the functions of a central bank during large parts of the "displaced 19th century". Discuss.
The inverse demand curve for widgets is P = 130−2Q. There are two firms, A and B, who produce wid- gets. Each firm has a constant marginal and average cost of producing the good that equals 10. What is the Cournot-Nash equilibrium? You need to solve ..
Describe whether to raise price, the bank managers experimented with a number of higher prices (in 25 cent increments) at selected ATMs.
For a given firm the MRPL = $50, and the MRPK = $100, while the PL = $10 and the PK = $20. What are the general case rules for producing at least cost and maximizing profits? Is the above firm maximizing profits? Why or why not? What (if anything) ca..
Illustrate what fiscal and monetary policies would you recommend in order to close a recessionary gap. Would you recommend what expansionary polices.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd