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Question: Suppose that an economy is hit by a natural disaster destroying a large amount of the capital stock. What changes do you expect to happen in this economy? What are the implications for growth? Show what changes (if any) occur to the diagram studied in Week 2 to explain the equilibrium level for K
How would you interpret the coef?cient of TFR? A priori, would you expect a positive or negative relationship between CM and TFR? Jus- tify your answer.
evaluate the megatrend of demographics in the it field. give your opinion as to why it managers must understand this
Alexander studies away from home. While at school, he spends all his income on air travel and economics textbooks. In a diagram with air-travel as the x-axis good, as pair increases while ptext remains unchanged, Alexander's price consumption path..
Assume the reserve ratio is 20%.If the lending process continues as far as it can possibly go, how many deposit dollars will be created from this initial $1000 deposit?
Microeconomic theory - Please start by writing one sentence describing clearly the question or topic you want to analyze.
In 1998, Mark McGwire hit 70 home runs while playing for the St. Louis Cardinals. In 1999, McGwire hit 65 home runs. This decrease in marginal(home runs per season) product led to an associated decreas
1) Every society faces economic tradeoffs. This means a. producing more of one good means less of another good can be produced b. not everyone can have enough goods and services to survive.
How do you explain the different prices for essentially the same product, given that the cost to the publisher of providing each type of book is basically
Assume that the money base is increased by $2 billion dollars, that the currency demand deposit ratio is 5%, that the reserve requirement is 10%.
The oil price shocks of 2006-2009: Between 2006 and the middle of 2008, oil prices rose sharply - from around $60 to more than $140 per barrel.
What are the sources of human capital? Discuss some specific examples - what is the law of diminishing returns? Give an example of what the law of diminishing returns implies.
what is the logic behind the theory of purchasing-power parity? suppose that money supply growth continues to be higher
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