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Author Question: In a steady-state economy with no population growth, output per worker is 35, the saving rate is 20 ... (Read 120 times)

kamilo84

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on: Jun 30, 2018
In a steady-state economy with no population growth, output per worker is 35, the saving rate is 20 percent, and the depreciation rate is 11 percent. The level of capital per worker is ________.
 
  A) 64
  B) 19
  C) 39
  D) 28

Question 2

Within the IS-LM curve model, a decline in expectations would
 
  a. lower income and the interest rate.
  b. increase income and lower the interest rate.
  c. lower income, but leave the interest rate unchanged.
  d. lower the interest rate, but leave income unchanged.
  e. lower income and increase the interest rate.


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deja

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

A


kamilo84

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

tkempin

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Reply 3 on: Yesterday
Excellent

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