Macroeconomics
10th Edition
ISBN: 9780134896441
Author: ABEL, Andrew B., BERNANKE, Ben, CROUSHORE, Dean Darrell
Publisher: PEARSON
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Question
Chapter 6, Problem 1AP
a.
To determine
To describe: Impact on consumption of a worker, if destruction of portion of the nation’s capital stock in a war.
b.
To determine
To describe:
Impact on consumption of a worker, if permanent increase in the rate of immigration.
c.
To determine
To describe: Impact on consumption of a worker, if permanent increase in energy prices.
d.
To determine
To describe: Impact on consumption of a worker, if there is temporary rise in the saving rate.
e.
To determine
To describe: Impact on consumption of a worker, if there is permanent increase in the labor force.
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Students have asked these similar questions
Suppose in a Solow model, we have the following parameter values: n = 0, s = 0.2, a = 0.33. There is
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%3!
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output per worker
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In a standard Solow growth model that is calibrated in per-worker terms, what happens to the level of output when the saving rate (“s”) rises? How does the increase in “s” impact long-term output growth? How does the level of consumption change initially when savings rates rise? What happens to consumption over time?
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