quiz3spring2008answerstuesdaythursdayv2

quiz3spring2008answerstuesdaythursdayv2 - Economics 302...

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Economics 302 Name ________________________________________ Spring 2008 Tuesday/Thursday Lecture Answers to Third Quiz Student ID Number _____________________________ The following quiz is worth a total of 2.5 points. Mark your answer clearly and distinctly: illegibly marked answers will be counted as wrong answers. 1. In the Solow growth model with population growth and technological change, whenever the marginal product net of depreciation is less than the sum of the rates of population growth and technological change, the omniscient and omnipotent policymaker should a. Increase the economy’s rate of saving. b. Decrease the economy’s rate of saving. 2. Suppose a small open economy’s real interest rate initially equals the world’s real interest rate. Then, if the world real interest rate falls relative to this economy’s real interest rate then this economy will have a a. Positive capital outflow. b.
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This note was uploaded on 08/08/2008 for the course ECON 302 taught by Professor Gold during the Spring '07 term at University of Wisconsin.

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quiz3spring2008answerstuesdaythursdayv2 - Economics 302...

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