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What would happen if the market believed that another devaluation would occur in the near future?
What would happen if all countries in the world simultaneously tried to improve employment and the balance of payments by imposing tariffs?
This improvement can occur only if investment falls, saving rises, or both. How might devaluation affect national saving and domestic investment?
What is supply-side economics? How would the reduction affect output and the price level in the short run?
How does the Keynesian aggregate supply curve differ from the classical one? Is one of these specifications more appropriate than the other?
Draw a demand and supply graph of the market for gasoline to analyze the situation described in this article.
Analyze What happens to total output, income, and employment? Does this adjustment generally occur in a matter of months or a matter of years?
If real output doubled, by how much would the money supply need to change? By how much will the money supply need to change in 2011?
What will be the company's profits or losses? At the given quantity and price, is the marginal unit produced adding to profits?
Explain the outcomes of a cooperative game and a noncooperative game. Explain what Bob's tit-for-tat strategic behavior would be if he wished to see the game.
If the increase in labor is due entirely to population growth, will the resulting increase in output have an effect on people's welfare?
Output is growing at 3 percent per year and capital's and labor's shares of income are .3 and .7 respectively. What both labor and the capital stocks are fixed?
What factors determine the growth rate of steady-state per capita output? Are there other factors that could affect the growth rate of output in the short run?
What, besides technological progress, would this residual catch? How could you expand the model to eliminate this problem?
How much was US real GDP growth in year 2008? What about the growth rate of US population? What can you infer about evolution of US per capita real GDP in 20.
How much nominal interest will you receive if inflation is 4 percent over the year and the bond promises a real return of 3 percent?
How much value is added to the flour, yeast, sugar, and salt when the bakers turn them into bread?
Suppose you make a loan of $100 that will be repaid to you in 1 year. What if the loan instead had been denominated in terms of a real return?
Explain why the classical supply curve is vertical. What are the mechanisms that ensure continued full employment of labor in the classical case?
What is the difference between absolute and conditional convergence, as predicted by the neoclassical growth model? Which seems to be occurring, empirically?
What sorts of capital investment does suggest are most useful for explaining long-run equilibrium growth?
What factors could lead to an increase in total manufacturing output, while employment and average hours worked fell considerably?
Explain anything that a simpler two-sector model with a fixed rate of growth, or a one-sector model with variable population growth, cannot?
What does the investment requirement line look like for this model? Does output in any of these equilibria have nonzero per capita growth?
What does the production function for this problem look like? What can this model help us explain that strict endogenous and neoclassical growth models cannot?