Homework Answers
Ans) the correct option is e) an increase in capital per effective worker
Increase in capital per effective worker will increase output per effective worker.
Add Answer to:
Question 5 0.2 pts All else equal, which of the following would cause an increase in...
Question 12 0.2 pts Suppose there is a permanent increase in a country's saving rate. This...
Question 12 0.2 pts Suppose there is a permanent increase in a country's saving rate. This increase in the saving rate will cause: O a permanently higher level of capital per worker. a permanently higher level of output per capita. a permanently faster growth rate of output. both of the first two answers above O none of the above.
Question 2 0.2 pts An increase in government spending will cause which of the following when...
Question 2 0.2 pts An increase in government spending will cause which of the following when a liquidity trap situation exists? Output will increase. The interest rate will increase. Output will decrease. The interest rate will decrease. Output will not change.
Question 8 0.2 pts Which of the following will cause a reduction in aggregate output? O...
Question 8 0.2 pts Which of the following will cause a reduction in aggregate output? O a reduction in N a reduction in K a worsening in technology all of the above
4. Which of the following will cause an increase in output per worker in the long...
4. Which of the following will cause an increase in output per worker in the long run? A. an increase in the saving rate ( B. a reduction in the depreciation rate C. an increase in the stock of human capital D. an improvement of technology 5. Suppose, due to a military conflict, that a country experiences a large reduction in its capital stock. Assume no other effects of this event on the economy. Which of the following will tend...
the domestic interest rate would leduction in E C) an increase in E D) an increase...
the domestic interest rate would leduction in E C) an increase in E D) an increase in investment E) none of the above Answer Questions (30 points, 20 questions, 1.5 points for cach question) 1. For this question this question, assume that the economy is initially operating at the natural level of output. A monetary expansion will cause in the real wage in the medium run. con will cause (increase/decrease/no change) 2. Use the following information to answer the questions...
24. All else equal, which of the following will increase the demand for labor in a...
24. All else equal, which of the following will increase the demand for labor in a particular market? a. An increase in the price of labor. b. A decrease in the wage paid to another occupation for which these workers are qualified c. A decrease in worker productivity d. An improvement in the nonwage aspects of the job e. An increase in the price of the product produced in that market. 25. Human capital theory predicts that the proportion of...
Question 13 2 pts Notice this is a multiple answers question. Suppose there are two very...
Question 13 2 pts Notice this is a multiple answers question. Suppose there are two very similar countries (call them G and H). Both countries have the same population and both are experiencing population growth at the same rate (that is, N and 9N are identical in both countries). Both countries depreciate capital at the same rate, the both have the same savings rate, they both have the same technology, and technological progress happens at the same rate in both...
QUESTION 36 Which of the following would cause the long-run aggregate supply curve to shift to...
QUESTION 36 Which of the following would cause the long-run aggregate supply curve to shift to the right? (Choose all that apply). an improvement in technology an increase in the supply of capital goods an increase in the size of the labor force a decrease in nominal wages
22) Using classical theory, an increase in the capital stock, other things equal, would cause 22)...
22) Using classical theory, an increase in the capital stock, other things equal, would cause 22) A) output to rise and price levels to fall B) output and prices to both rise C) a decrease in equilibrium employment D) an increase in labor supply and output 23) In the classical model; an increase in government spending funded by borowing would 23) A) increase demand for loanable funds, resulting in more consumption spending B) induce households to save more and firms...
5. Calibrated Cobb-Douglas Growth Model Assume an economy has the following production function: Y = F(K,...
5. Calibrated Cobb-Douglas Growth Model Assume an economy has the following production function: Y = F(K, AL) = K 0.4 (AL)0.6. (a) Write down the production function per effective worker. (20 marks) (b) For this economy, the savings rate is 20%, the depreciation rate is 10% per year, the population growth rate is 2% per year, and the technology growth rate is 3% per year. Calculate the steady-state capital stock per effective worker, output per effective worker, and consumption per...
Question 12 0.2 pts Suppose there is a permanent increase in a country's saving rate. This increase in the saving rate will cause: O a permanently higher level of capital per worker. a permanently higher level of output per capita. a permanently faster growth rate of output. both of the first two answers above O none of the above.
Question 2 0.2 pts An increase in government spending will cause which of the following when a liquidity trap situation exists? Output will increase. The interest rate will increase. Output will decrease. The interest rate will decrease. Output will not change.
Question 8 0.2 pts Which of the following will cause a reduction in aggregate output? O a reduction in N a reduction in K a worsening in technology all of the above
4. Which of the following will cause an increase in output per worker in the long run? A. an increase in the saving rate ( B. a reduction in the depreciation rate C. an increase in the stock of human capital D. an improvement of technology 5. Suppose, due to a military conflict, that a country experiences a large reduction in its capital stock. Assume no other effects of this event on the economy. Which of the following will tend...
the domestic interest rate would leduction in E C) an increase in E D) an increase in investment E) none of the above Answer Questions (30 points, 20 questions, 1.5 points for cach question) 1. For this question this question, assume that the economy is initially operating at the natural level of output. A monetary expansion will cause in the real wage in the medium run. con will cause (increase/decrease/no change) 2. Use the following information to answer the questions...
Question 13 2 pts Notice this is a multiple answers question. Suppose there are two very similar countries (call them G and H). Both countries have the same population and both are experiencing population growth at the same rate (that is, N and 9N are identical in both countries). Both countries depreciate capital at the same rate, the both have the same savings rate, they both have the same technology, and technological progress happens at the same rate in both...
QUESTION 36 Which of the following would cause the long-run aggregate supply curve to shift to the right? (Choose all that apply). an improvement in technology an increase in the supply of capital goods an increase in the size of the labor force a decrease in nominal wages
5. Calibrated Cobb-Douglas Growth Model Assume an economy has the following production function: Y = F(K, AL) = K 0.4 (AL)0.6. (a) Write down the production function per effective worker. (20 marks) (b) For this economy, the savings rate is 20%, the depreciation rate is 10% per year, the population growth rate is 2% per year, and the technology growth rate is 3% per year. Calculate the steady-state capital stock per effective worker, output per effective worker, and consumption per...
Most questions answered within 3 hours.
-
BASED ON THE AIRBNB, ETSY, UBER: GROWING FROM ONE THOUSAND TO
ONE MILLION CUSTOMERS HARVARD CASE:...
asked 15 minutes ago -
Which of these methods cause sterilization?
Autoclaving
Dry heat
Gamma irradiation
Ethylene oxide
A.
Yes
No...
asked 21 minutes ago -
A biologist wishes to estimate the effect of an antibiotic on
the growth of a particular...
asked 28 minutes ago -
O’Deesha Company has the following information available:
Quality engineering of
products
$20,000
Quality training of
employees &n
asked 36 minutes ago -
a) Draw two water molecules.
b) Clearly name and label the type of bond that exists...
asked 1 hour ago -
C - Language
Write a loop that sets each array element to the sum of itself...
asked 2 hours ago -
(63
#14)
which of the following statments best describes how chamging
the concentration of the substances...
asked 6 hours ago -
In the following reaction, which element is undergoing
oxidation: Na2SO3 + N2O --> N2 + Na2SO4...
asked 7 hours ago -
Which of the following pairs of ions have the same electron
configuration?
I: Br− and Se2−...
asked 9 hours ago -
The Foremost Composite Materials Company is planning a two-day
sales conference for October 19-20. The conference...
asked 10 hours ago -
3) Illustrate the observed pattern of relatedness of organisms
versus adaptations to specific conditions. This means...
asked 10 hours ago -
In winter a lake has a 0.35 m thick ice layer over 1.10 m of
water....
asked 11 hours ago