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Many demographers predict that the United States will have zero population in the 21st century in contrast to average population growth of about 1 percent per year in the 20th century. Use the Solow model to forecast the effect of this lowdown in population growth on the growth of total output and the growth of output per person. Hint: Consider effects both in the steady state and in the transition between steady states.
In the 1970s, U.S. consumers transferred their deposits from accounts in banks and thrifts to money market mutual funds because money market mutual funds A) were more liquid B) were less risky C) paid higher interest rates D) were guaranteed for a ..
In Florida, huge contraption turns and starts lumbering down next row of juice-laden Valencia oranges. The operator watches his progress on two TV screens in his cab,
Applying the basic circular flow model, explain why the value of businesses' output of goods and services equals the income of households.
Suppose the following data, and answer the question below. China and England are international trade partners. The following information are expected payoffs for the two countries.
Understanding of the ideaof learning curves and how a learning curve applies to specific business specialist. discussion on the concept of learning curve and how it applies to accountants and marketers.
Examine the role of Bank of England's monetary policy instruments in dealing with the recent financial and economic crisis and discuss the role of capital in banking
In response to what seemed to be a flood of illegal aliens, Congress made it a federal offense to employ illegals and strenuous, effective efforts are made to export them. How will these measures affect the U.S. production possibilities frontier
In an effort to encourage free trade, imagine that the members of the World Trade Organization agreed to dismantle all tariff protection of domestic industries in their respective countries. Do you think that such a commitment will necessarily resu..
What was the workers' marginal product last year? What is it this year and what is the elasticity of demand for Zamboni air filters?
Assume that the government buys are increased from 100 to 150. How much does the IS curve shift? What are the new equilibrium interest rate and level of income? Describe it.
Suppose if you were President of the United States and you were making decisions on trading, would you rather have a comparative or absolute advantage in trading?
In Peru each worker can produce 30 bushels of corn per year, while in Colombia each worker can produce 40 bushels of corn per year. This implies that Colombia should specialize in corn production when trade is opened up between these countries.
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