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Author Question: Two countries, Baltonia and Polonia, have aggregate production functions of the form: Y = A K1/3 ... (Read 48 times)

ishan

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on: Jun 30, 2018
Two countries, Baltonia and Polonia, have aggregate production functions of the form:
   Y = A  K1/3  H2/3
  Both countries have the same number of efficiency units of labor and use the same technology.
 
  However, Baltonia has a lower capital stock than Polonia. Which of the following is likely to be true in this case?
  A) The poverty rate in Baltonia is lower than that in Polonia.
  B) The gross domestic product of Baltonia is lower than that in Polonia.
  C) The gross domestic product of Baltonia is higher than that in Polonia.
  D) The Human Development Index of Baltonia is higher than that of Polonia.

Question 2

Refer to Figure 9.2. A movement from point d to point b could be caused by a(n)
 
  A) increase in government spending. B) increase in the price of oil.
  C) increase in taxes. D) decrease in short-run aggregate supply.
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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adf223

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Reply #1 on: Jun 30, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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ishan

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

irishcancer18

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Reply 3 on: Yesterday
Excellent

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