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graph the central equation of the solow model. argue that a steady state exists and that the economy will converge to this point from any initial starting capital stock
Christina Romer and Jared Bernstein in "The Job Impact of the American Recovery and Reinvestment Plan" calibrated the impact of the proposed expansionary fiscal policy (we know it
multiplier static and dynamic
how does economy works?
Derive the conditions for steady state in the Solow model. What are its implications? In what respects is the golden rule different from the steady state?
Reducing the budget deficit by cutting government spending could conceivably: A. increase income if interest rates rise enough and government spending is more productive than priva
If there is an increase in the popularity of video games and more companies making video games, then the following is true? A) Sales of the games will be uncertain. B) Price will g
Aggregate Consumption This is the aggregate of all expenditures on current consumption goods and services i.e. those which are consumed during the period. Living standards are
An agency is having problems with personal phone calls made during working hours. Each minute of a personal call costs the agency $0.50 in wasted wages. The agency decides to hire
Ask question #impotance of capital output ratio#
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