If you took a course on the economics of growth, what elements would you expect to be missing that you would need to discuss economic development?
What will be an ideal response?
Focus on issues such as structural change, inequality, and political institutions. At this point, students may think of population and human capital as well, although material in Chapter 3 will show how these have been incorporated into growth models.
Economics
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Suppose an investment bank buys $100 million worth of mortgage-backed securities. It finances the purchase by borrowing $90 million and using $10 million from its equity
If the value of holdings of mortgage-backed securities declines by 5%, what is its return on equity investment?
Economics
The interest rate on interbank loans is called the
A) discount rate. B) federal funds rate. C) repo rate. D) prime rate.
Economics