Questions from Macroeconomics

Q: Discuss the potential role of each of the factors listed in parts

Discuss the potential role of each of the factors listed in parts a through g on the steady-state level of output per worker. In each case, indicate whether the effect is through A, through K, through...

Q: a. What evidence is presented in the text that income inequality

a. What evidence is presented in the text that income inequality has increased over time in the United States? b. Use supply and demand of educated workers to explain the increase in income inequality...

Q: It is often argued that a balanced budget amendment would actually be

It is often argued that a balanced budget amendment would actually be destabilizing. To understand this argument, consider the economy in Problem 5. a. Solve for equilibrium output. b. Solve for taxes...

Q: There is a great deal of interest in carbon emissions because of

There is a great deal of interest in carbon emissions because of global warming. The World Bank produces data on carbon emissions by country in a variety of forms. It is found at https://data.worldban...

Q: Using the information in this chapter, label each of the following

Using the information in this chapter, label each of the following statements true, false, or uncertain. Explain briefly. a. It is clear that the rate of technological growth has declined in the last...

Q: How might the policy changes in parts a through e affect the

How might the policy changes in parts a through e affect the wage gap between low-skill and high-skill workers in the United States? a. Increased spending on computers in public schools. b. Restrictio...

Q: It is possible to extend the production function so that output is

It is possible to extend the production function so that output is produced with labor input, N; capital input, K; and carbon-intensive energy input, E. If we write a production function as Y = N (1/3...

Q: Using the information in this chapter, label each of the following

Using the information in this chapter, label each of the following statements true, false, or uncertain. Explain briefly. a. Writing the production function in terms of capital and effective labor im...

Q: a. Why is the amount of R&D spending

a. Why is the amount of R&D spending important for growth? How do the appropriability and fertility of research affect the amount of R&D spending? How do each of the policy proposals listed in (b) thr...

Q: a. Where does technological progress come from for the economic leaders

a. Where does technological progress come from for the economic leaders of the world? b. Do developing countries have other alternatives to the sources of technological progress you mentioned in part...