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Consider the Solow Growth model
1. If n, d, z, α, s are the same for two country A and country B, but today the level of capital per capita is higher in country A. What does the Solow model predict for the short term growth rate of income per capita for these two countries? What is the prediction for the long term?
2. Does your answer change if the levels of technology are different for both countries, i.e. zA > zB?
Despite ongoing debates about the appropriateness of macroeconomic policies, many macroeconomists have reached a modern consensus on several important issues.
Prepare a project based on the topic of regional product integration
This grazing land was for whole town and families could allow their flock of sheep to graze free of charge. Why is it that grazing land was not protected by individual families.
There are two gravel suppliers in the Davis area, Hibbert (H) and Davis Lumber (D). They are engaged in Cournot competition, and face the same inverse demand curve for gravel, given by P = 60 - 5Q, where P is in dollars per cubic yard (yard, for shor..
Suppose that the U.S. the demand for phones is given by P=700-Q that the supply is given by P=200+Q. In Korea suppose the demand is given by P=600-Q and supply is given by P=50 + (Q/2). Please regard phones as a homogenous product. Prices are all in ..
Assume that the low-calorie frozen, microwavable food company from Assignments 1 and 2 wants to expand and has to make some long-term capital budgeting decisions. The company is currently facing increases in the costs of major ingredients.
Fiberia Accessories, a clothing retailer, is planning to introduce a new line of sweaters as part of the winter collection for $65 with an inventory of 1500. The main selling season is 60 days between November and December. Calculate the daily sales ..
Illustrate when a cold snap hits florida, the proce of orange juice rises in supermarkets throughout the country
Suppose that the equilibrium price in the market is $10. If the current market price is $7.50:
If the fluctuations in the economy's real growth rate from year to year are caused primarily by variations in the rate at which aggregate delivery increases
the circular flow diagram is model of how the economy works. explain how the model would change if the following events
q.in 1950s mahjong was illegal in taiwan. given the enjoyment of playing such a fun game this is surely inefficient.
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