Question 1: Explain each state. State (a): Two stable steady-states State (b): Fragile economic booms followed by stagnation trap Even in this case, economy may fluctuate forever. k+1, k+1, そ身 k k k k State (c): Economy can bounce around infinitely between k' and k" without converging. kt+1 4 State (d): Animal spirits play an important role when economic activity is stagnant. K+14 kM. そM k k k

16. Which of the following is NOT a goal of Klaus Schwab's Great Reset program? (A) National sovereignty. (B) Green technology. (C) Stakeholder capitalism. (D) A digital passport. 17. Which of the following is NOT a likely reason for supply shortages in 2021? (A) COVID-19 lockdowns and restrictions. (B) Transport legislation. (C) Government handouts (like CERB). (D) Stock market disruptions. 18. Why does Employment Insurance cause unemployment? (A) It increases the price of labour by mandating a minimum. (B) It incentivizes the unemployed to remain so. (C) It reduces the demand for labour. (D) It releases currency into the economy. 19. Which of the following policies does NOT increase structural unemployment? (A) Shutting down job-matching centres. (B) Vaccine mandates at workplaces. (C) Replacing human professors with online AI teachers. (D) Minimum wages. 20. Which of the following assets is the most liquid? (A) Stocks. (B) Residential real estate. (C) Gold. (D) Yachts.

Q35

Could you please answer these 3 questions? Exercise: Solve for the steady state recall s = .3 O = .1 y = (k)-5 Q1- Exercise: Solve for the steady state " c = (1-s)y Q2- Exercise: Solve for the steady state ▪i = sy Q3- Exercise: Solve for the steady state · 8k