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1 what are the two ways in which national wealth is accumulated2 give two reasons that the unemployment rate may not
1 what is the representative firms goal2 why is the marginal product of labor diminishing3 what are the effects on the
1 what two properties do indifference curves have how are these properties associated with the properties of the
1 what goods do consumers consume in this model2 how are a consumers preferences over goods represented3 what three
the index of industrial production is an output measure that is not as comprehensive as gdp but it is available on a
1 describe the key business cycle regularities in consumption and investment expenditures2 what are the key business
1 give a noneconomic example of two variables that are positively correlated and an example of two variables that are
1 what is the primary defining feature of business cycles2 besides persistence what are three important features of the
suppose that the government subsidizes employment that is the government pays the firm s units of consumption goods for
suppose that the firm has a minimum quantity of employment nlowast that is the firm can produce no output unless the
1 what is the economic significance of the slope of the production possibilities frontier2 why is the competitive
1 what are the endogenous variables in the model2 what are the exogenous variables in the model3 what are the four
plot the 12-month percentage growth rates in real gdp and in total real government purchases from 1948 to 2012
1 give three reasons that an equilibrium might not be pareto optimal2 what are the effects of an increase in government
in the solow growth model suppose that the marginal product of capital increases for each quantity of the capital input
1 what is the parameter a in the production function in equation 7-212 what does the solow residual measure and what
1 what can increase the standard of living in the malthusian model2 was malthus right why or why not3 what are the
1 in the dmp model what are the effects of a decrease in matching efficiency2 what explains the observed beveridge
global economicsread the following article about apple at
1 in the dmp model when a worker and firm are matched what determines the wage paid to the worker2 in the dmp model
1 why is knowledge nonrivalrous2 what two factors affect the growth rate of income and consumption in the endogenous
1 what are three sources of differences in productivity across countries2 how can a country overcome low productivity3
the solow growth model predicts that in the steady state output per worker grows at the rate of growth in total factor
determine the effects of a decrease in the population growth rate on the golden rule quantity of capital per worker and
a consumers income in the current period is y 100 and income in the future period is yoelig 120 he or she pays