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Beginning from a steady state in the Solow growth model, explain how an increase in the saving rate will affect the levels and growth rates of capital and output per worker. (Note: discuss both the short-run and long-run impacts).
What are the main influences on the quantity of real money that people and businesses plan to hold? What does the demand for money curve show?
A piece of equipment that was purchased two years ago for $59,000 was expected to have a useful life of 5 years with a $5,000 salvage value. Since its performance was less than expected, it was upgraded for $20,000 one year ago. Increased demand now ..
Illustrate what would be the effect of poor weather on the consumer surplus, producer surplus, deadweight loss.
Public health information can be broadcast at a cost of $100. Public health information is a pure public good, in that many people can use the information simultaneously and preventing people from using the information is very difficult. At a price o..
Suppose the government imposes a price ceiling of $50 on a market characterized by the following information: Qd=700-2p Qs=100+4p Calculate the magnitude of deadweight loss form the price ceiling. Find a price floor that will result in the same magni..
Your article shows money performing (or failing to perform) at least one of the following functions: (a) medium of exchange, (b) store of value, or (c) standard of value. Which one of those functions does it show? The event may have occurred in the p..
How much do you have to pay for a bond rate that pays 6% dividend compounded semi annually, with a face value of $5,000 that is going to be paid (maturity) in 5 years. The buyer wants to have an interest rate profit of 8% compounded semi annually.
What are some of the inherent problems involved in discussing the notion that there is a single standard for the “American family?”
Over what range of wealth is this function potentially appropriate to analyze your financial choices under risk? Over this range of wealth, what is your attitude toward risk? What is your Arrow-Pratt measure of risk attitude?
Monetary policy is clearly superior to fiscal policy in that it suffers less from..
Which of the following events may increase labor supply? Check all that apply.
The _____ statement can contain both a review of the evidence and an attack of the other side’s case.
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