Q: Do the following production functions exhibit increasing, constant, or decreasing
Do the following production functions exhibit increasing, constant, or decreasing returns to scale in K and L? (Assume
See AnswerQ: How does a central bank influence economic activity in the short run
How does a central bank influence economic activity in the short run?
See AnswerQ: What are some examples of shocks that shift the AD curve?
What are some examples of shocks that shift the AD curve? What about the AS curve?
See AnswerQ: What is the fundamental source of transition dynamics in our AS/
What is the fundamental source of transition dynamics in our AS/AD framework? Why does the economy take several periods before returning to its steady state following a shock?
See AnswerQ: Throughout much of the 2010–2015 period, the fed funds
Throughout much of the 2010–2015 period, the fed funds rate was substantially lower than what a Taylor rule for monetary policy would seem to indicate. Why?
See AnswerQ: What justification can one give for a fiscal stimulus during the financial
What justification can one give for a fiscal stimulus during the financial crisis?
See AnswerQ: Which questions in macroeconomics interest you the most? Why?
Which questions in macroeconomics interest you the most? Why?
See AnswerQ: How are ideas different from objects? What are some examples of
How are ideas different from objects? What are some examples of each?
See AnswerQ: In the past 50 years, both the fraction of hours worked
In the past 50 years, both the fraction of hours worked by college graduates and the relative wage of college graduates have gone up. Why?
See AnswerQ: What is inflation? Suppose an individual’s retirement plan consists of putting
What is inflation? Suppose an individual’s retirement plan consists of putting $100 into a safe. What effect does inflation have on this plan?
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