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Economic 157b - Yale University
... 3. Q theory of investment Idea here is that investment is determined by relationship between the value of firms or houses and the cost of new or replacement capital. Keynes: “The daily revaluations of the Stock Exchange, though they are primarily made to facilitate transfers of old investments betw ...
... 3. Q theory of investment Idea here is that investment is determined by relationship between the value of firms or houses and the cost of new or replacement capital. Keynes: “The daily revaluations of the Stock Exchange, though they are primarily made to facilitate transfers of old investments betw ...
Group Activity - Seattle Central College
... When Intel invents a new and more powerful computer chip, productivity increases, so long-run aggregate supply increases as more output can be produced with the same inputs. ...
... When Intel invents a new and more powerful computer chip, productivity increases, so long-run aggregate supply increases as more output can be produced with the same inputs. ...
Algebra 2B Notes
... When there is a correspondence between two polygons such that their corresponding angles are congruent and the lengths of corresponding sides are proportional the two polygons are called similar polygons. ...
... When there is a correspondence between two polygons such that their corresponding angles are congruent and the lengths of corresponding sides are proportional the two polygons are called similar polygons. ...
kennedy
... Sample Exam Questions for Week 11 1. What is purchasing power parity? 2. In 1975 the Canada/US exchange rate was 0.95 (i.e., 1$C bought .95$US). The Canadian price level rose by 52% between 1975 and 1980, while the US price level rose by 41%. What does PPP predict is the 1980 exchange rate? 3. If t ...
... Sample Exam Questions for Week 11 1. What is purchasing power parity? 2. In 1975 the Canada/US exchange rate was 0.95 (i.e., 1$C bought .95$US). The Canadian price level rose by 52% between 1975 and 1980, while the US price level rose by 41%. What does PPP predict is the 1980 exchange rate? 3. If t ...
Productivity and Growth
... that the growth rate of productivity equals capital’s share of income multiplied by the growth rate of capital per hour of work plus the growth rate of technology. Robert Solow proposed the following rule-of-thumb ...
... that the growth rate of productivity equals capital’s share of income multiplied by the growth rate of capital per hour of work plus the growth rate of technology. Robert Solow proposed the following rule-of-thumb ...
(capital) (labor)
... goods as they produce in this industry, so there’s only a small increase in labor demand—hence wages FALL Skilled and professional occupations—just the opposite, so wages rise. This explains much of the politics of immigration as well—low-skilled workers tend to oppose immigration, because they comp ...
... goods as they produce in this industry, so there’s only a small increase in labor demand—hence wages FALL Skilled and professional occupations—just the opposite, so wages rise. This explains much of the politics of immigration as well—low-skilled workers tend to oppose immigration, because they comp ...
PowerPoint Notes on the Production Function and more
... goods as they produce in this industry, so there’s only a small increase in labor demand—hence wages FALL Skilled and professional occupations—just the opposite, so wages rise. This explains much of the politics of immigration as well—low-skilled workers tend to oppose immigration, because they comp ...
... goods as they produce in this industry, so there’s only a small increase in labor demand—hence wages FALL Skilled and professional occupations—just the opposite, so wages rise. This explains much of the politics of immigration as well—low-skilled workers tend to oppose immigration, because they comp ...
Test 2 - Department of Economics
... that would eliminate the deficit in the trade account (e.g., imposition of tariffs). Let’s analyze this process in three steps: 1) how external balance is initially achieved in the absence of any active policy (while the recessionary gap increases; 2) how internal balance is achieved while moving aw ...
... that would eliminate the deficit in the trade account (e.g., imposition of tariffs). Let’s analyze this process in three steps: 1) how external balance is initially achieved in the absence of any active policy (while the recessionary gap increases; 2) how internal balance is achieved while moving aw ...
Notes on The Grabbing Hand by Shleifer and Vishny
... Individuals are endowed with one unit of time. They can use this time as entrepreneurs or as workers. A worker earns a real wage equal to w. An entrepreneur operates a production technology AsF (H), where s is an economywide productivity parameter, H denotes the level of human capital employed at t ...
... Individuals are endowed with one unit of time. They can use this time as entrepreneurs or as workers. A worker earns a real wage equal to w. An entrepreneur operates a production technology AsF (H), where s is an economywide productivity parameter, H denotes the level of human capital employed at t ...
Monetary Theory AD/AS Chapter 24 Aggregate Demand The AD
... The AS curve is upward sloping because we assume that when prices rise, wages and other costs do not keep pace, at least in the short run. This is what Keynes envisioned and this is sometimes called a Keynesian AS curve. Factors that shift AS are: • The money (nominal) wage rate (wage push): when t ...
... The AS curve is upward sloping because we assume that when prices rise, wages and other costs do not keep pace, at least in the short run. This is what Keynes envisioned and this is sometimes called a Keynesian AS curve. Factors that shift AS are: • The money (nominal) wage rate (wage push): when t ...
Technology and Employment in an Open Underdeveloped Economy 01/2006 Prabhat Patnaik
... are much higher than those prevailing either in the first world or in the rest of the third world. Secondly, in both these economies this high growth phase has been associated with “opening up” to international trade. Thirdly, in both these economies there has been, precisely during this period, a r ...
... are much higher than those prevailing either in the first world or in the rest of the third world. Secondly, in both these economies this high growth phase has been associated with “opening up” to international trade. Thirdly, in both these economies there has been, precisely during this period, a r ...
No Slide Title
... Interest rate. If interest rate is higher in Kenya, more capital inflow into the economy and v-v – in search for higher RR. Investors look at the differences in returns to investment, which is called the Interest Rate Differentials. If there are interest differential which favors us (i > if), capita ...
... Interest rate. If interest rate is higher in Kenya, more capital inflow into the economy and v-v – in search for higher RR. Investors look at the differences in returns to investment, which is called the Interest Rate Differentials. If there are interest differential which favors us (i > if), capita ...
Econ 102: Problem Set 1
... This shift is not shown in the diagram, to reduce clutter, but it moves the equilibrium along the new aggregate demand curve AD2, eventually to point C’ or C, depending on whether or not we allow for the rightward shift of long-run aggregate supply to LRAS’, due to the increased capital stock. Real ...
... This shift is not shown in the diagram, to reduce clutter, but it moves the equilibrium along the new aggregate demand curve AD2, eventually to point C’ or C, depending on whether or not we allow for the rightward shift of long-run aggregate supply to LRAS’, due to the increased capital stock. Real ...
Answers
... Will the rule make aggregate demand more stable or less stable than it would be if the money supply were constant? If the Fed targets the real interest rate, then money demand shocks are offset by changes in the money supply, so the LM curve does not move. Since the shock causes the money supply to ...
... Will the rule make aggregate demand more stable or less stable than it would be if the money supply were constant? If the Fed targets the real interest rate, then money demand shocks are offset by changes in the money supply, so the LM curve does not move. Since the shock causes the money supply to ...
Business Cycles Analysis: A Model to Study the
... Variables: Leading and Lagging indicators Procyclical variables move along with the GDP. GDP components move together and Inflation Anticyclical variables move in the opposite direction of the GDP Unemployment rate Acyclical variables does not have any relation with GDP and amount of water under the ...
... Variables: Leading and Lagging indicators Procyclical variables move along with the GDP. GDP components move together and Inflation Anticyclical variables move in the opposite direction of the GDP Unemployment rate Acyclical variables does not have any relation with GDP and amount of water under the ...
Inflation 100 pts
... Borrowing and Lending…. For ex: Company A borrows $2000 at 5% per annum. So 5% would be the nominal interest rate. If the inflation rate is 3% the year Company A borrows the loan. Then the real interest rate would be 2%. The real interest rate reflects the fact that due to inflation the loan ha ...
... Borrowing and Lending…. For ex: Company A borrows $2000 at 5% per annum. So 5% would be the nominal interest rate. If the inflation rate is 3% the year Company A borrows the loan. Then the real interest rate would be 2%. The real interest rate reflects the fact that due to inflation the loan ha ...
ECON-101 Midterm 1 Practice Key
... CPI(2010) (2009=100) = (cost of 2009 basket in 2010 prices/cost of 2009 basket in 2009 prices) x 100 = 14.8/14.0 x 100 = 105.7 b. GDP Deflator for 2010 (2009 = 100) = nom GDP 2010/real GDP 2010 (2009 base year) = 15.6/15.0 x 100 = 104.0 c. CPI % change = 5.7% GDP def. % change = 4.0% Here, unlike in ...
... CPI(2010) (2009=100) = (cost of 2009 basket in 2010 prices/cost of 2009 basket in 2009 prices) x 100 = 14.8/14.0 x 100 = 105.7 b. GDP Deflator for 2010 (2009 = 100) = nom GDP 2010/real GDP 2010 (2009 base year) = 15.6/15.0 x 100 = 104.0 c. CPI % change = 5.7% GDP def. % change = 4.0% Here, unlike in ...
Lecture 3 - Dr. Rajeev Dhawan
... – It has assured all its workers and unions that there would be no lay-offs – SW doesn’t use the word “employee”, and gives them enough room to grow and learn – SW has enjoyed big savings by never having the type of defined-benefit pension plans which has proved so costly for other airlines Other ...
... – It has assured all its workers and unions that there would be no lay-offs – SW doesn’t use the word “employee”, and gives them enough room to grow and learn – SW has enjoyed big savings by never having the type of defined-benefit pension plans which has proved so costly for other airlines Other ...
Modeling First Order ODE`s
... Modeling First Order O.D.E’s 1- Rate of Growth and Decay The I.V.P. (1) ! dx = kx ...
... Modeling First Order O.D.E’s 1- Rate of Growth and Decay The I.V.P. (1) ! dx = kx ...