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Research Project 2: Endogenous Verses Exogenous Growth Theories 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 been developed that make growth an endogenous variable. In contrast to neoclassical growth theory, endogenous growth theory argues that policy measures (such as subsidies on R&D and education) can have an increase long-run growth rate of an economy. Write an essay · Developing a brief summary of endogenous and exogenous growth theories. · Analyzing the impact of government policy on the long-term growth rate of an economy. Please note that a minimum of 700 words is required.
What is the net effect on the money supply in the economy? Show your work. Assume instead that Sammy uses the $10,000 he receives to pay back a loan from Bad Boys Bank. $8,000 goes to repay the loan itself, and $2,000 represents his Interest payme..
Oligopolists are interdependent firms. What is mean by that Explain "strategic behavior" and relate that to the "Kinked Demand" model of oligopoly. Explain the importance of mergers in oligopolistic markets. Is there much price competition in an ..
If Greece leaves the Euro zone there will be macroeconomic consequences. The possible collapse of the Euro zone acts as a shock to sellers around the world worried about international economic stability. Show the short run impact of such an event..
Discuss the impact of the national debt on the American economy. Use principles and concepts you have learned in this macroeconomics class.
Baby copy company is a worldwide producer of copy machines. It manufactures 10 different copieers, ranging from low-end desktop copiers that sell for a few hundred dollars to high volume document machines that retail for over $200,000.
Suppose there are 10 consumers in the industry. Each has the following demand: p = 10 - q-Calculate aggregate demand and aggregate supply in the market.
What environmental Factors (both internally and externally) are affecting the industry? How will technology affect this industry? What do you see as the biggest Strategic Issue Facing Coinstar and its future?
What was the most "eye opening" information you learned about droughts? Why did you find it so interesting?
Under certain circumstances, expansionary Fed policy may not have much of an effect on the rate of economic growth. Give a reason why, and explain?
Find a relevant article from newspapers, magazines, etc. that is related to at least one of the Macroeconomic topics we have covered this semester. Summarize the article and comment on how the article is related to what (topics) you have learned in..
The Wall Street Journal reported that recent law school graduates were having a very difficult time obtaining jobs in the legal profession. Many law schools said that 10 to 20 percent of their graduates still had not found jobs.
Explain with the aid of a diagram what happens to the money supply, money demand, the value of money, and the price level if people demand less money at every price level.
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