Give answers for below questions in detail....
(a) Show how to find equilibrium in an RC model (graphically and/or analytically)
. (b) What is the relationship between the marginal rate of substitution between leisure and labor and the marginal product of labor in the RC model.
. (c) Explain how a jump in technology changes the equilibrium in an RC model. How does this depend on the elasticity of demand for consumption?
. (d) Show how to construct a supply curve for labor.
. (e) Show how an increase in non-labor income changes the supply curve for labor.
. (f) Show how a proportional income tax changes the supply curve for labor.
. (g) Explain how to get the demand curve for labor.
. (h) Explain how to determine output in an economy with a labor market.
. (i) Explain how to find the stationary state in a Solow model.
. (j) Explain how the economy behaves out of the stationary state in a Solow model.
. (k) Should poor countries grow faster than rich in a Solow model? Ex- plain.
. (l) Explain how changes in i. population growth rate, ii. savings rate,
iii. technology growth rate change the stationary state in a Solow growth model.
. (m) Which of Kaldor's facts does the Solow model explain? Explain how.
. (n) How can you get endogenous growth in a model with human capital?
. (o) How can you get endogenous growth in a Solow type model?
. (p) How and why are externalities important in an endogenous growth model?