Start Discovering Solved Questions and Your Course Assignments
TextBooks Included
Active Tutors
Asked Questions
Answered Questions
What determines the demand for money in the monetary intertemporal model? What are effects of an increase in the money supply in monetary intertemporal model?
What is the real rate of interest on money? What are the alternatives to using currency in transaction in the monetary intertemporal model?
What are the three functions of money? List three monetary aggregates and the assets that these monetary aggregates include.
Plot the relative price of housing (use the Case-Shiller 20-city home price index) and residential construction as a fraction of GDP. What do you observe?
Calculate the ratio of total real government purchases to real GDP, quarterly, from 1947 to 2012. Also calculate the real interest rate on a quarterly basis.
Calculate the ratio of real investment expenditures to GDP, quarterly, for the period 1947- 2012, and calculate real interest rate as a three-month Treasury.
what the net effects on output, employment, consumption, investment, the real interest rate, and the real wage, would be of such a policy, combined.
Show how the effect of this shock on aggregate output depends on the size of the intertemporal substitution effect of the real interest rate on current leisure,
Show how the impact differs from the case where total factor productivity is expected to increase only temporarily. Explain your results.
What is the multiplier, and how does it differ from the government expenditure multiplier?
Determine the effects of this on current aggregate output, current employment, the current real wage, current consumption, and current investment.
What does this say about the model's ability to explain the differences between poor and rich countries and to explain what happen as a country's economy grows?
Determine how the response of current aggregate output to this shock depends on marginal propensity to consume, and explain carefully why you get this result.
In the monetary intertemporal model, show that it is possible to have an equilibrium where money is not held and only credit cards are used in transactions.
Determine the effects on the equilibrium price and quantity of credit card balances, the demand for money, and the price level, and explain your results.
Construct time series plots of real GDP, the ratio of consumption to GDP, and the ratio of investment to GDP.
At what rate does this measure of output per worker grow, on average? What does this tell us about TFP growth?
How is the Solow model consistent with evidence on convergence across countries?
What are three sources of differences in productivity across countries? What causes economic growth in the endogenous growth model?
What two factors affect the growth rate of income and consumption in the endogenous growth model?
What effects does this have on the rates of growth and the levels of human capital, consumption, and output? Explain your results.
Determine the effects of this on the paths of aggregate consumption and aggregate output over time.
Calculate and plot the percentage change in federal government receipts and the percentage change in real GDP.
If z = 1 and K = 1, graph the production function. Is the marginal product of labor positive and diminishing?
The employment-population ratio, from the Current Population Survey, is a measure. Plot the employment-population ratio for the years 1980-2012.