To what extent can changes in the rate of technological progress cause permanent changes in the rate of growth of output per worker? Explain
What will be an ideal response?
For example, an increase in the rate of TP will cause the required investment line to become steeper. K/NA and Y/NA will fall over time to some permanently lower level. The increase in the rate of TP will cause the rate of growth of Y and Y/N to increase over time and to reach a permanently higher level.
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What is a credit card?
A) Money B) A convenient way to borrow money C) A bond D) A convenient way to sell a bond
The theory of intertemporal choice, and the life-cycle and permanent income hypotheses have in common the assumption that ________
A) consumption decisions are affected by current expectations about lifetime resources B) consumption decisions are based on all available information C) current income, rather than expected income, has the greater influence on consumption decisions D) decisions to borrow and save are influenced much more by immediate circumstances than by long-term consequences
The GHG permitting requirements
a. are applicable to both mobile and stationary sources b. will not be in force until 2016 c. are part of the New Source Review requirements d. all of the above
Assume that CDs are a normal good and that the price of stereo equipment falls while the labor costs of producing CDs increase. What will happen in the market for CDs?
What will be an ideal response?