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Question about Solow Growth Model
Using the Solow Growth Model describe long run growth in an economy. Explain why an economy should strive to reach its golden rule steady state level.
Suppose that the assumption in key concept are satisfied. Show that X i is a valid instrument. That is, show that key concept 12.3 is satisfied with Z i = X i .
Explain how many baseball jerseys will you sell in Los Angeles and how many in Brooklyn. What will be the price of your jersey in Los Angeles and what will be the price in Brooklyn.
Illustrate what are the pros and cons of performing an engineering economic analysis
Assume we refused to sell goods to any country that reduced or halted its exports to us.
It cannot be as the inflation by definition real wages have factored inflation in.
Illustrate what are some of the considerations in term of opportunity costs that you would have to include in arriving at your decision?
Provide an update on the economy-where is unemployment, what is the outlook for the deficit, what are the overall predictions for 2010 - 2012?
Describe the dimensions of quality from micro- and macro-perspectives. What are the different formats or models and applications of quality? Discuss the top three in your opinion.
For each of the following events, state whether the aggregate demand curve would increase, decrease, or stay the same.
Explain why both marginal and average costs are believed to eventually increase in the short run.
You work for an unemployment agency that distributes unemployment checks to unemployed workers in your state.
Elucidate the own price elasticity for ATM fees charged to non-customers. At the current ATM fee, should you raise or lower your ATM fees.
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