In the Solow model, if f(k) = 2k0.5, s = 0.25, n = 0.1, and d = 0.4, what is the value of k at equilibrium?
A) 1
B) 2
C) 3
D) 4
A
Economics
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Describe the chain of events leading to exchange rate determination for the following cases:
(a) An increase in U.S. money supply (d) Increase in growth rate of U.S. money supply (c) Increase in world relative demand for U.S products (d) Increase in relative U.S. output supply
Economics
If information in the market for used motorcycles is symmetric and both buyers and sellers are equally ignorant, then
A) the market is efficient. B) both good and bad motorcycles will sell for the same price. C) if only good motorcycles are sold, the price would be higher. D) All of the above.
Economics