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Use the growth accounting methodology to find the growth rate of Total Factor Productivity if GDP grew by 5%, the capital input grew by 8%, employment grew by 4%, and the labor share is 60%.
Consider the application of the IS/LM model to the Great Depression. In 2002, Ben Bernanke was speaking for the entire Federal Reserve Bank and admitted to mistakes in the policy response to the economic downturn in the 1930s. Recall that the data sh..
If Brittians labor productivity in the production of umberllas, we would say that britton as a(n):
List three causes of the Great Depression according to Powell, including monetary actions by the Federal Reserve Bank of New York in 1927-1929, explained what caused bank failures during 1929-1933 and explain why the money supply contracted by one-th..
Read the paper “The Great Depression, the New Deal and the Current Crisis” and answer the following questions: What were the similarities and difference in the economic context that preceded the Great Recession, as compared to the reasons that preced..
Though your answer needs to be correct in terms of economic theory (so be sure to read the assigned chapters), creativity and having fun with it is strongly encouraged.
Unionization adds to the cost of hiring labor, thereby decreasing aggregate supply. All else remaining constant, what will be the long-run impact on the price level and GDP output?
Devi has a shop in Imre where she makes lutes. making 4 lute costs $1400. On the other hand, it costs $2000 to make 7 lutes. Devi's discount rate is 15%. What is the variable cost of manufacturing 6 lutes? fixed cost?
calculate the aggregate demand and supply, as well as its price level. Amount of Real GDP Demand, in Billions Price Level (Price Index) Amount of Real GDP Supplied, in Billions $200 400 $600 $300 350 500 $400 300 400 $500 200 300 $600 150 200. At wha..
Suppose that medical researchers discover a new drug which slows the aging process allowing the average life span in the United States to increase to 95 years of age. The lifecycle hypothesis suggests that
Identify whether the following items are counted in M1 only, M2 only, both M1 and M2, or neither: Suppose Bob digs up a box in his front yard that contains $1000. A month later, Bob buys a $1000 government bond from the Fed with this money. What happ..
One morning the Open Market Account Manager at the New York Federal Reserve Bank discovers that the effective (equilibrium) market federal funds rate is 1.25%. Suppose the target federal funds rate is 2%. What does this indicate?
q1. soft selling and adverse selection soft selling occurs when a buyer is skeptical of the quality or usefulness of a
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