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The economy of Silicon Valley is characterized by increases in technology that generate exponential growth in production. Which of the graphs above, where production is (Y) and Technology (A), best
Monrovia's production possibility frontier is bowed out from the origin. This implies that Monrovia
Suppose the money market in Monia is in equilibrium. What is the initial equilibrium level of interest rate in Monia?
Problem 1. Use the following model of a closed economy to answer this set of questions.
Provide an estimate of GDP per capita for 2008 (just use the numbers given) for these two countries
Suppose you are studying a macro economy and you know that the total level of output this economy can produce during a year is dependent on the level of technology and the available capital and labo
Draw two graphs representing Joe’s PPF and Mary’s PPF. In your graph measure clean baths on the horizontal axis. Label your graphs carefully and completely. Assume in drawing the two PPF
Which of the following answers best describes what is happening to the real wage rate over the time period represented in the data?
Suppose that capital in this economy is fixed at 100 units of capital. Given this information, does this production function exhibit diminishing marginal productivity of labor?
Will the small economy export or import the good? a. Export b. Import
Following is a link of the national income accounts released by the US Bureau of Economic Analysis. Various statistics of GDP are provi ded in around 10 tables. Find the corresponding numbers of
a. What is the equilibrium price and quantity in this market before any government intervention? b. After the tax is introduced what happens to the supply and demand curves? Do any of the curves shi
You are given the following information where each set of information describes two linear relationships. Use this information to determine what the (X, Y) values are that make both relationships si
a. Calculate the equilibrium real interest rate for country A. b. Calculate the value of net exports for country A.
Graph Real GDP and the labor level for this economy. Please measure real GDP on the y-axis and labor on the x-axis, when the amount of capital is fixed at 100 units. For this question it is fine to
Given this information, what is the structural unemployment rate in KOW? What is the frictional unemployment rate in KOW? What is the cyclical unemployment rate in KOW? What is the natural unemploy
Assume Y is the variable measured on the vertical axis and X is the variable measured on the horizontal axis. Write all equations in slope-intercept form.
Calculate the new equilibrium level of real GDP, Y', if government spending increases by $20 while everything else is held constant. Discuss your answer making sure to include the relationship betwe
Given the above information, what is autonomous consumption? Assume that this is the constant in the consumption function written with respect to disposable income? Show how you found the value for
Answer true or false in each of the following blanks. Suppose an economy's level of capital and technology are fixed. If the economy increases its hiring of labor
"Provided that their opportunity costs of production are not equal, two countries will find that specialization of production and trade according to comparative advantage will increase the overall l
You are asked to find the slope intercept form of the equation for a straight line and you are told that these two points are on that line: (x, y) = (10, 20) and (12, 18).
Given the above information, find the initial equilibrium level of investment and the initial equilibrium interest rate. Show your work in order to get full credit.
Find the market demand curve given that there are two demanders in this market. If necessary provide the relevant range of prices for each segment of the demand curve.
Draw the AD/AS model in long-run equilibrium. Label Yfe and the initial price level in this graph. Label all curves and both axes.