Chapter 2 Problems
1. Consider an economy that produces only two goods: fresh apricots and dried apricots.
In this economy, the technology of producing dried apricots is to place fresh apricots on special
racks and allow them to dry in the sun. Fannies Fa
ECON 4710 Aggregate Economic Analysis
Instructor: Fang Yang
Homework Assignment 1 Answer Key
1. Understanding the growth rate and how to measure it. (10 points)
ANSWER:
Calculating Growth Rates Data:
(a)
Year
1995
1996
1997
1998
1999
2000
2001
2002
Real P
Homework # 5
Economics 4710Fall 2011
Due on Tuesday November 1, 2011
1. Describe and explain how each of the following developments aects the basic diagram
for the Solow model:
a. The rate of depreciation fall.
b. The rate of technological change rises.
c
ECON 4710 Aggregate Economic Analysis, Spring 2014
Instructor: Fang Yang
Homework Assignment 1
Due Day: Tuesday, Feb. 11, 2014 at the beginning of lecture
Instructions:
Please write your name, student ID on the first page.
Please show your work.
Please
Homework 2
Economics 4710Fall 2011
Due on Tuesday September 20, 2011
1. Suppose that the production is described by
Y = F (K, L) = AK 0.4 L0.6 ,
where A is a constant greater than zero that measures the productivity of the available
technology. K denotes
NAME:
ECONOMICS 4710 FINAL EXAM
Louisiana State University Instructor: Bulent Unel Date: December 14, 2007
Important: This is a closed book exam. The exam has two parts. The first part consists of 20 multiple choice questions and the second part co
Homework # 5
Economics 4710Fall 2011
Due on Tuesday November 1, 2011
1. Describe and explain how each of the following developments aects the basic diagram
for the Solow model:
a. The rate of depreciation fall.
b. The rate of technological change rises.
c
Jon McCarble
Homework 3
1. a) MV=PY; M= $400b; nGDP= $12t; rGDP=$6t Price level=2, Velocity =30
b) The fed should increase the money supply by 5% in order to have a 5% inflation rate.
2. a) I would expect the money demand curve to shift outward (increase)
NAME:
ECONOMICS 4710
SOLUTIONS to MIDTERM-1
Louisiana State University
Instructor: Bulent Unel
Date: February 21, 2008
Important: This is a closed book exam. The exam has two parts. The rst part consists
of 20 multiple choice questions and the second part
Customization Material for Econ 304 Fall 2009
1
Example Problems for Chapter 2
1. Consider an economy that produces only two goods: fresh apricots and dried apricots.
In this economy, the technology of producing dried apricots is to place fresh apricots o
Homework # 6
Economics 4710Fall 2011
Due on Thursday, November 17, 2011
1. Suppose that consumers and rms lose their condence about the future of the economy and they consume and invest less.
a. What would you expect to happen to the money demand curve in
Louisiana State University
ECON 4720 Intermediate Microeconomic Theory
Spring 2011
Final Exam
Dr Brown
PLEASE COMPLETE THE FOLLOWING INFORMATION:
NAME (PRINT): _
1
Multiple Choice (58 points):
Q30 (8 points):
Q31 (23 points):
Q32 (20 points):
Q33 (18 poin
Chapter 11: Keynesian Model
Real Wage Rigidity:
Keynesians believe that real wages do not adjust quickly, and the real wage moves
too little to keep the quantity of labor demanded equal to the quantity of labor
supplied.
There are three reasons why real
Chapter 10- Classical Business Cycle Analysis
Real Business Cycle Theory:
Argues that real shocks to the economy are the primary cause of business cycles
These are shocks to the Real side of the economy, such as shocks that affect the
production functio
Prof. Marcus Casey
University of Illinois at Chicago
Spring 2018
Econ 270
Problem Set #1 (Due: Jan. 24th)
1. Explain briefly the distinction between the descriptive and inferential branches of statistics.
2. The Consumer Expenditure Study surveys people a
Louisiana State University
Aggregate Economic Analysis
Fall 2016
ECON 4710
10:30-11:50, MW, 1325 BUS ED S WING
Instructor: Professor Fang Yang
2322 Business Education Complex
Phone: 225-578-3803; Email: [email protected]
Office hours: Monday and Wednesday, 12
Solution to Hmw-3
1.
First, a general formulation of the problem is useful. With income of Y1 in the first year and Y2 in the
second year, the consumer saves Y1 C in the first year and Y2 C in the second year, where C is the
consumption amount, which is t
Math Review
Functions
A function is a rule that assigns to the
arguments of its domain (one or more than
one) a unique value in its range.
Univariate function: f(x)=x
Multivariate function: f(x,y)=x+y
Linear functions
Slope
Y = G(X)
Slope
Y/X
= [G(
ECON 4710 Aggregate Economic Analysis
Instructor: Bulent Unel
Homework Assignment 2
Answer Key
1. (20 points, 5 points each part)
Consider the country Sweets whose economy produces only three items, Cookies, Cakes, and
Chocolates. The base year is arbitra
ECON 4710 Aggregate Economic Analysis
Instructor: Fang Yang
Homework Assignment 1 Answer Key
1. Working with the data (20 points)
ANSWER:
Part 1
The graph is below
There is not much difference between GDP and GNP.
Part 2
2. (20 points) Working with the da
ECON 4710 Aggregate Economic Analysis
Instructor: Fang Yang
Homework Assignment 1
Due Day: Sept. 12th at the beginning of lecture
Instructions:
Please write your name, student ID on the first page.
Please show your work.
Please put your answers in the