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Dependence of the saving rate, population growth rate, and depreciation rate on the capital intensity. Assume that the production function satisfies the neoclassical properties. a. Why would the saving rate, s, generally depend on k? b. How does the speed of convergence change if s (k) is an increasing function of k? What if s (k) is a decreasing function of k? Consider now an AK technology. c. Why would the saving rate, s, depend on k in this context? d. How does the growth rate of k change over time depending on whether s (k) is an increasing or decreasing function of k? e. Suppose that the rate of population growth, n, depends on k. For an AK technology, what would the relation between n and k have to be in order for the model to predict convergence? Can you think of reasons why n would relate to k in this manner? f. Repeat part e in terms of the depreciation rate, δ. Why might δ depend on k?
Concluding that because free trade is beneficial for the economy as a whole, it must be beneficial for each individual is an example of the:
Give an example of a decision that is rational ex-ante but irrational ex-post. Under what conditions will this ratonality be different and under what conditions will the rationality (ex-ante and ex-post) be the same?
The salary in Arizona has decreased by 3% over the last 3 months. During this time, the sale of Snickers chocolate bars has decreased by 2% and gas sales decreased by 1%.
Wages after inflation rise for most Americans by about 3% and for highly skilled workers by 7%. The stock market soars and home prices rise dramatically. If all other things are equal, what is the likely effect on the poverty rate
A pet store is considering adding an employee discount of 25 percent off anything in the store to the benefits the employees already receive. What are the long-run implications of adding this benefit to the wages that its employees receive and to the..
macroeconomicsnbspquestion 1an economy is currently in equilibrium and the following figures refer to elements in its
compare and contrast the impact of an unexpected shift to a more expansionary monetary policy under rational and
For the next several questions, refer to the table regarding Magazines and eBooks. Fill out the Marginal Utility column for magazines. What is the marginal utility of the 4th magazine? Fill out the Marginal Utility column for eBooks. What is the marg..
if the four-firm concentration ratio of an industry is 75 what does it mean?industry a is composed of five large firms
Name two factors which you feel are driving the current (albeit sluggish) recovery. Describe whether or not you feel these factors will continue to exert a positive influence on GDP moving forward. Similarly, name two factors which you feel are putti..
You are organizing a rock concert to benefit Amnesty International. The concert is to be held in a football stadium that has a seating capacity of 56,000. There are two kinds of seating: reserved and general. Compute the value of the Lagrange multipl..
questions1. given a supply curve for ultrasound clinics predict how the supply curve will shift i.e. increase or
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