Use the Malthus model to show that improvements in productivity do not lead to long run improvements in living standards within the model.
Use the Malthus model to show that improvements in productivity do not lead to long run...
Which of the following features helps explain why sustained improvements in living standards are possible in the Solow but not the Malthus model? Select one: a. Productivity can increase in the Solow model. b. Population can increase in the Solow model. c. The Solow model allows for diminishing marginal product of inputs. d. The Solow model allows for accumulation of inputs through investment.
In the long run, changes in average material living standards are best shown by O A. growth in productivity. B. improvements in monetary policy. OC. population growth. OD. improvements in fiscal policy. O E. growth in real GDP.
Use the dynamic AD-AS model to explain circumstances by which productivity and technological changes can lead to an increase in unemployment. Discuss what happens to the price level depending on the assumptions you make.
a. Use the AD-AS model to derive the short run Phillips curve and show how policy can move the economy from a point with high inflation to appoint with low inflation. b. Use the AD-AS model to derive the long-run Phillips curve and show the short run and long run effect of a policy that has the goal of reducing the unemployment rate
IV. Suppose an economy is in long run equilibrium. (a) Use the model of aggregate demand and aggregate supply to illustrate the initial equilibrium on a BIG and clearly labeled graph. Label the equilibrium point A. Be sure to include the short-run and long-run aggregate supply. (b) Household spending increases. Use your diagram to show what happens to output and the price level as the economy moves from the initial to the new short-run equilibrium (label it point B) (c)...
The following factors could lead to a Dollar Appreciation in the Long Run, EXCEPT: Question 26 options: Decrease in domestic prices. Increase in domestic productivity. Increase in demand for US exports. Increase in domestic interest rates
Which of the following is most likely to lead to sustained long-run growth? O A. increases in labor productivity O B. exploitation of natural resources O c. transfer of workers from agricultural to industrial sectors OD. increases in the labor participation rate
4) Which country has had the fastest growth of research activity over the last 15 years? a. China. b. South Korea. c. Russia. d. The United States. 5) Which of the following is an important ingredient for a poverty trap based on beliefs? a. Diminishing returns to capital. b. Strong complementarities between the actions of different people and firms. c. A corrupt government. d. Decisions that have payoffs today. 6) Which of the following features helps explain why sustained improvements...
A.What is the labour productivity and how does it relate to long run economic growth? B. Assuming that the legal system is already efficient at enforcing property rights and contracts what two factors can increases labour productivity? C.Based on your answer to questions A and B in the medium to long term would it be efficient for the government to increase expenditure on the university sector (assuming the money will be spent on teaching and research)? also show diagrams
Describe the three curves that describe the AD-AS model and show long run aggregate equilibrium in a graph