study guide for second midterm Fall 2007

study guide for second midterm Fall 2007 - Some of the...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Some of the things that you must know for the midterm 1 Economic Growth (Chapters 7 and 8) #$ 5 0Ð5Ñ 5 œ= Ð81 Ñ • the definitions of the symbols and how to explain this equation in words • the diagram and how to interpret it • effects of changes in parameters of the model • why the = 5 line slopes downward and the implications of this • definition of steady state and how to find steady-state values of and 5ßCß - • definition ( ) and interpretation ( maximized) of golden rule point QT œ 81 - 5 $ • how to find 5 K • how to find = K • US saving rate issues • Convergence or not? Aggregate Demand – Closed Economy (Chapters
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

Ask a homework question - tutors are online