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1) True, False, Uncertain EXPLAIN WHY
a) In the Solow growth model, a higher savings rate is a good way to get higher GDP and higher GDP growth
b) The Solow growth model tells us that a flood of immigrants will, in the long run, raise interest rates and reduce wages.
c) In world in which absolute convergence applies, absolute convergence implies that the dispersion of income per person will converge towards zero.
Which of the following defines an effect time lag?
Explain role of technology in evolution of money is used by consumers. Explain illustrate what has happened to velocity of money because of technology.
potter corporation sells office supplies to government agencies. the company reports the following selected account
A company issued 10 year, 7% bonds with a par value of $100,000. The company received $96,526 for the bonds. Using the straight line method, the amount of interest expense for the first semi-annual interest period is:
Explain how will the economy change over time. Explain in words and using an aggregate-demand/aggregate-supply diagram.
q.suppose that the income tax in a certain nation is computed as a flat rate of 5 percent but no tax is levied above
Illustrate what does this suggest about demand elasticity for drugs. Could it be that this experiment didn't actually measure elasticity very well and that elasticity is quite large.
Clarify what action monetary policymakers must take for the actions of fiscal policymakers to have no effect on real income.
Two partners own together a small landscaping business in North Carolina, called Summer Lawn Care. They have been specializing in summer grass seeding
(Long-Run Industry Supply) Why does the long-run industry supply curve for an increasing-cost industry slope upward? What causes the increasing costs in an increasing-cost industry? What are the major characteristics of perfectly competitive market? ..
When a U.S. citizen buys goods from a foreign merchant, the goods are usually paid for by having the U.S. citizen send a personal check or dollars directly to the exporter. Foreign exchange refers to. Meetings among the leaders of the Group of Seven ..
Your mutual fund increased in value from $10 to $40 over the last 15 years. Illustrate what was the average annual return with continuous compounding for the mutual fund over the 15 year period.
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