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Referring to The Elusive Quest for Growth:
a. Describe three panaceas that failed according to the author.
b. Discuss the impact that investment has had on economic growth. (based on part 4 of the book).
Explain how bank losses from mortgage backed securities could lead to an investment bank becoming insolvent and going bankrupt. Your explanation should use a somewhat realistic T-Account
Find the marginal utility functions of the following utility functions: Plot the marginal utility functions. Indicate which of these functions appear to exhibit diminishing, constant or increasing marginal utility? 1. u(x,y) = 3x + 2y
Suppose that the International Monetary Fund (IMF) is concerned about currency depreciation in a small open economy. a. What type of fiscal policy should the IMF propose to the government of the small open economy to generate a currency appreciatio..
Assume a indiidual has $8 to spend only on apples and bananas.
Many companies are using computer mediated communication for training and updating their employees. They must choose the most effective and efficient manner of communication. Effective and efficient may be defined as achieving the communication go..
In neoclassical growth models, the sources of growth, is exogenous usually "technology". Such theoretical models hence are able to describe how an economy grows, but not why it grows. To overcome this shortcoming, several growth models have bee..
Comprise a reconciliation of the differences among the forecasts for GDP and a rationalization for which forecast
suppose that the equation for autonomous planned spending ap is ap6200-200r and the value of the multiplierk is 2.5.a
Exports and imports total in the billions of dollars for each country. Explain what this tells you about our society.
A local market for three bedroom rental units is depicted by the following demand and supply equations;
There are 15 million people living in Marketstan, of whom 9 million are working and 1 million are actively looking for work. What is Marketstan's unemployment rate?
In order to reduce farm output, raise farm prices, and thus raise farm incomes (revenues), the government pays farmers to set aside a portion of their land from production. Using a graph, explain in terms of the elasticity of demand for farm produ..
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