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If the marginal product of capital net of depreciation equals 8 percent, the rate of growth of population equals 2 percent, and the rate of labour-augmenting technological progress equals 2 percent, what must happen to the saving rate to reach the Golden Rule level of the capital stock?
Choose a macroeconomic issue of current interest for which you can find two editorial or op-ed columns from national or international newspapers or magazines that take diffe
Suppose the equilibrium price for apartments is $500 per month and the government imposes rent controls of $250. Which of the following isunlikely to occur as a result of the
Describe three ways we can use macroeconomic analysis, with one original example for each way - effects of an adverse technological shock on the labor market and on the output
Mineral resources are an important source of revenue for developing nations. Royalties are one method of receiving payment for allowing investment, but often foreign compani
How does policy fit into the current macro context and what are the likely effects of this policy on the components of aggregate demand, and on equilibrium output? Specific
Why does representative democracy often tax some people in order to provide benefits to others When governments become heavily involved in tax-transfer activities, how will
Treasury bond prices rose on Monday, pushing yields down for the sixth session in seven, as the lack of major data and low trading volumes gave traders little fodder. Yields o
1. Please indicate whether you agree with the following statements in italics, and explain your answer: (a) Failure to recognize the Cellophane Fallacy may result in definin
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