Explain what happens if the quantity of gdp goes up

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Question: 1) In the model of public goods, describe how the government determines public spending, and explain what happens if the quantity of GDP goes up.

2) Discuss how labor force participation has evolved in the United States since 1948, in terms total labor force participation and the participation of men and women.

3) Explain how the reservation wage is determined in the one-sided search model.

4) Determine what happens to the unemployment rate and the reservation wage in the one-sided search model if the separation rate decreases.

5) Suppose that matching efficiency increases. In the two-sided search model, determine the equilibrium effects, and explain.

6) Suppose that total factor productivity falls. In the two sided search model, what are the equilibrium effects, and why?

Reference no: EM132196815

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