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Suppose population growth is endogenous and therefore, variable (like what we saw in the class):
a. What does the investment requirement line look like for this model?
b. Characterize the set of equilibria, being sure to discuss their stability or lack thereof. Does output in any of these equilibria have nonzero per capita growth?
c. Suppose your country is in a “poverty trap”—at the equilibrium with the very lowest level of output per person. What could the country do to move toward a point with higher income?
What is the impact of the following factors on the optimal method of procuring an input.
The concern of an auto insurer that insured drivers will not be as careful is due to the problem of:
q. for two weeks record the price and quantity of your purchases of a gasoline and b one other item you buy regularly
Suppose the economy is initially in long-run equilibrium and the U.S. stock market has a prolonged decrease in shareholder value. Use the AD–AS model to predict short-run changes to real GDP and the aggregate price level. Should the government undert..
In the monetarist model
Briefly describe two (2) products (goods or services) offered at a business you are familiar with. Next, identify two major competitors and describe the two products they offer that compete with yours.Describe your unique selling proposition (USP). H..
Why might federal spending on roads, waterways, or national security be less subject to direct expenditure offsets than spending on health care or education?
q. think about a firm recently that you have done business with. illustrate what industry does this firm belong to? for
Currently the U.S. national debt is over $17 Trillion. Many people feel the high level of the national debt is a very bad thing and it should be paid off. a. List and explain 3 advantages and 3 disadvantages of eliminating the national debt?
Two hundred paper mills compete in the paper market. The total cost of production (in dollars) for each mill is given by the formula TC = 500Qmill + (Qmill) 2 where Qmill indicates the mills annual production in thousands of tons. The marginal cost o..
Price controls are government restrictions on prices charged for goods and services in the market. Government policies regulating prices can be controversial because they keep prices artificially low and can cause shortages. How do price ceilings for..
Explain how do we measure income inequality. What problems arise the more unequal a country's income distribution becomes.
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