ECON202 - econ202 final study guide

ECON202 - econ202 final study guide - GROWTH What...

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GROWTH What determines growth? Increase productivity, working hours, epr, population and output Why has the EPR increased? Cut Tax and transfers How can it be further increased? At what costs? increase labor skills but its harder to enter market and Lower skillsets are rationed out How does investment impact growth? Firms can hire more people if they have more money and invest in new technologies How can investment be increased? at what costs? Lowering cooperate profit tax and increasing investment tax credits for businesses. Manipulate the capital gains and consumption tax on consumers. Or increase the interest rate Can increases in capital stock per worker explain growth? Capital stock represents how much money the worker invests in the company they work for What really explains growth? What sacrifices are required? FLUCTUATIONS Can the long run model explain business cycles? What mechanism has been considered for this explanation? SHORT RUN MODEL
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This note was uploaded on 03/15/2009 for the course ECON 202 taught by Professor Brucemcgough during the Spring '09 term at Oregon State.

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ECON202 - econ202 final study guide - GROWTH What...

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