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migration in neoclassical growth modelsa under what circumstances does the potential for migration raise the speed of
leapfrogginga discuss the concept of leapfrogging and demonstrate how it differs from absolute convergenceb does the
different theories of convergencecontrast the results on convergence from the diffusion theories with those from the
rates of return in the leader-follower modelconsider again the leader-follower model from sections 81 and 82 a are the
scale effectsa why does the varieties model of technological change from section 61 exhibit a scale effect in the sense
here we investigate a particular example of the model studied in sections 9-2 and 9-3 with no government suppose the
what is the full-employment budget surplus and why might it be a more useful measure than the actual or unadjusted
the following information is to be used for calculations of the unemployment rate suppose there are two major groups
some people say that since inflation can be reduced in the long run without an increase in unemployment we should
a reduction in minimum wages during the summer months would reduce the cost of labor to firms but it would also reduce
the economy is at full employment now the government wants to change the composition of demand toward investment and
box 11-1 investigates the case of the liquidity trap in japan showing that interest rates have been virtually zero
what assumptions regarding consumers knowledge and behavior in the life-cycle- permanent-income hypothesis do we need
suppose you expect the pound to depreciate by 6 percent over the next year assume that the us interest rate is 4
what are the similarities between the life-cycle and the permanent-income hypotheses do they differ in their approaches
the text implies that the ratio of consumption to accumulated saving declines over time until retirementa why what
what is the effect of a fiscal expansion on output and interest rates when exchange rates are fixed and capital is
illustrate graphically the effects of a fiscal expansion when capital is mobile and both prices and exchange rates are
your country is in recession you feel that a policy of exchange rate depreciation will stimulate aggregate demand and
given the following information calculate tobins q statistic lets suppose that a company has one million outstanding
lets say that your goal is to raise the rate of saving in the united states by 3 percentage points what are the various
suppose that permanent income is calculated as the average of income over the past five years that isa if you have
a explain why the interest rate might affect savingb has this relationship been confirmed
a is velocity high or low relative to trend during recessions whyb how can the fed influence
according to the description of business fixed investment in this chapter how would you expect a firms investment