The Solow model is distinct from the Romer model in that an increase in population tends to cause ________
A) a permanent decrease in the standard of living in the Romer model
B) an increase in spillover effects in the Solow model, but not in the Romer model
C) a permanent increase in the standard of living in the Solow model
D) a permanent increase in the standard of living in the Romer model
D
Economics
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The aggregate-demand curve shows the quantity of goods and services that firms choose to produce and sell at each price level.
a. true b. false
Economics
Assuming the inverse demand function for good Z can be written as P = 90 - 3Q, when Q is equal to 5, average revenue and marginal revenue are equal to ________ and ________
A) $75; $75. B) $85; $85. C) $75; $60. D) $60; $60.
Economics