In the Solow model, if f(k) = 2k0.5, s = 0.3, n = 0.05, and d = 0.15, what is the value of k at equilibrium?

Explain how inflation can be costly even if it is expected

What will be an ideal response?

Demand for U.S. farm products was high during World War I.

Answer the following statement true (T) or false (F)