Econ 332 Quiz 2
经济学online quiz代考 True/ False: Super Neutrality of money says an increase in the inflation rate from 10% to 15% will harm the economy.
On the Source of funds side of the household budget constraint what 2 sources does a household have to spend
- True/ False: An increase in the deprecation rate lowers the capital utilization rate.
- True/ False: Super Neutrality of money says an increase in the inflation rate from 10% to 15% will harm the economy.
- Who benefits from unexpectedinflation?
- What assumption makes it ok to assume the market prediction for inflation is the best guess.
Assume the production function is Y = 100*(K.5*L.1) 经济学online quiz代考
If the real wage is 10 and the rental price of capital is 50:
What is the equation for finding the profit maximizing amount of labor
What is the equation for finding the profit maximizing amount of capital
How much labor and capital are used. I am looking for numbers. 经济学online quiz代考
- What is the MPL (anumber)
- What is MPK (anumber)
- How much is output? (anumber)
- If a household buys a bond are they a saver orlender?
You live 2 periods. You are born with nothing and you must die with nothing.
In period 1 you have labor income of 100. In period 2 you have labor income of 200
In both periods you may consume (C1 and C2) as well as buy or sell bonds (B). Bonds earn an interest rate of 10%. 经济学online quiz代考
Write out period 1’s budget constraint using the notations and numbers ABOVE 21.
Write out period 2’s budget constraint using the notations and numbers ABOVE 26.
DERIVE the 2 period budget constraint.
If you consume 150 in period 2. What is consumption in period 1? 经济学online quiz代考
James is awarded a prize of $1000 for best econ. student of the year. James will likely:
- Work: More or Less
- Changehis Consumption: More or Less than the $1000 this year.
James is given a raise of $10 an hour. Because of the raise he decides to work fewer shifts. This suggests which effect dominated his decision.
Ceterus Paribus a TEMPORARY increase in technology will cause 经济学online quiz代考
|45.||real wage||increase.||or||decrease||or||not change|
|46.||real interest rate||increase.||or||decrease||or||not change|
|47.||Price Level||increase.||or||decrease||or||not change|
|48.||Labor demand||increase.||or||decrease||or||not change|
|49.||Capital utilization||increase.||or||decrease||or||not change|
|50.||Labor supply||increase.||or||decrease||or||not change|
|51.||Savings Rate||increase.||or||decrease||or||not change|
Ceterus Paribus a PERMANENT increase in technology will cause
|52.||Real wage||increase.||or||decrease||or||not change|
|53.||Real interest rate||increase.||or||decrease||or||not change|
|54.||Inflation rate||increase.||or||decrease||or||not change|
|55.||Labor demand||increase.||or||decrease||or||not change|
|56.||Labor supply||increase.||or||decrease||or||not change|
|57.||Savings rate||increase.||or||decrease||or||not change|
- A higher realwage:
- makes consumption more expensive.
- makes leisure less expensive.
- makes it a worse deal for households to work an extra hour.
- makes leisure more expensive.
Production function Y=4/3*(K.25*L.75); Kapital K = 1; Labor Supply = (real wage)^2 经济学online quiz
What is the equation for labor demand?
What is the equilibrium real wage? 经济学online quiz
What is the Equilibrium amount of Labor Input?
What is total output?
What is the rental price of capital?
In the solow model, the steady state of RGDP per capita will: 经济学online quiz
- with a higher savings rate Increase decrease no change
- with a lower population growth rate Increase decrease no change
- with a higher depreciation rate Increase decrease no change
- with a lower population Increase decrease no change
- with a higher level of capital Increase decrease no change 经济学online quiz
- with a lower level of technology Increase decrease no change
- What explains why unemployment is never 0 no matter how good theeconomy?
Why don’t households use all available capital in the short run if the capital has already been purchased?
If interest rates rise we would expect consumption by college students today to rise or fall and why?