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Explain the neoclassical theory of economic growth. Then discuss how the neoclassical theory is impacted by research about endogenous technological changes and increasing marginal returns. Be sure to clarify what the italicized terms mean. Explain and describe in full with examples & diagrams.
Explain the effects of these shocks on the price level, real GDP, and the nominal interest rate. Use an upward-sloping, short-run supply curve in your analysis.
The investment demand curve is a useful tool to summarize an important and complex relationship in the economy. The determinants that may cause this Investment Demand Curve for the U.S. economy to shift are acquisition
Explain which of the following transactions would be directly counted in 2007's GDP. In each case, explain whether the action causes an increase in Consumption, Investment, Govt. Purchases or Net Export.
The Canadian economy is in long-run equilibrium. Assume the following events occur one at a time. Show the effect of each event on Aggregate Demand and Short-run Aggregate Supply in Canada by shifting only one curve.
What does Friedman believe about expansionary monetary policy? Do you think Keynesian economists would agree?.
What are some of the positive externalities of education? Why may higher education offer fewer positive externalities than primary or secondary education?
For this assignment you will write a 500- to 700-word memo evaluating two conflicting consultant reports. Your report should.
The intent of this week exercise is to familiarize with EXCEL and to gain experience and practice in interpreting the output generated by most statistical packages (EXCEL) when linear regressions are run on a set of data.
What is national saving? What is private saving? What is public saving? How are these three variables related?
What is the main policy message of the AS-AD model, and how does it relate to the 1930s Keynesian revolution in economic theory? What should today's policy-makers assume about the natural rate of unemployment?
Draw a correctly labeled loanable funds graph that shows what happens to real interest rates.
Illustrate each of the following events using a demand and supply diagram for bananas.
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