Homework each assignment worth varied amounts Value:
Please show all work or points will be taken off. In particular, the real world data suggests that average labor productivity is weakly pro-cyclical with the correlation between average labor productivity and output between 0.
The simulated correlation from the RBC model over 0.
Given these results, we say that the simulated RBC model implies that average labor productivity is more pro-cyclical than it actually is.
Be sure to support your arguments with a labor market diagram and a production function labeling the initial equilibrium before the fiscal shock as point A and the subsequent equilibrium after the fiscal shock as point B.
Be sure to explainexactly why workers and firms change their behavior given the fiscal shock. Finish your essay by commenting on how the RBC theorists felt about discretionary counter-cyclical fiscal policy and why i. Finish your essay by discussing whether or not money is neutral in the RBC model and why.
Finish your essay by discussing whether or not money is neutral in this New Classical model and why.2. (70 POINTS total - 10 points each part) Another critically important real economic variable we consider in this homework assignment is the real interest rate.
We learned that the real interest rate is the difference between nominal interest rates and inflation. In . As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.
Kiran Temple University Fox School of. Question Department of Economics ECON Winter Assignment 1: Chapters 12 - 14 The due date for this assignment is Tuesday, February 16 at 12 noon.
Complete the following questions. Please type or write your answers clearly in black or blue INK using ruled . 11) The term 'voodoo economics' is a term used by the proponents of supply side economics trying to explain to its critics that lower tax rates will result in higher tax revenue.
12) Barro is considered to be a supply side economist which is consistent with his idea that /5. (70 POINTS total - 10 points each part) Another critically important real economic variable we consider in this homework assignment is the real interest rate.
We learned that the real interest rate is the difference between nominal interest rates and inflation.
CONCORDIA UNIVERSITY Econ Intermediate Macroeconomics II Assignment #1- solutions 1. “Canada’s pool of unemployed labour is growing deeper – eroding the underpinning of the federal government’s expanded temporary foreign worker program.
There are now unemployed people for every job opening in the country, compared .