Solow
Graph and respond: the effect of an increase in technology on a country's GDP
What is a movement of the curve? (Y0 < Y1 but there are different curves, a0f(k) < A1f(k) )
Graph and respond: the effect of an increase in future expected income on a country's GDP, unemployment, and price level
What is P up, Y up, u down?
Graph and respond: the effect of an increase in future expected income on a country's GDP, unemployment, and price level
Graph and respond: the effect of an increase in capital on a country's GDP
What is a movement along the curve? (Point Y0 < Y1 on the same f(k) )
Graph and respond: the effect of Covid supply chain problems (only!!) on a country's GDP, unemployment, and price level
What is P up, Y down, u up?
Graph and respond: the effect of Covid supply chain problems (only!!) on a country's GDP, unemployment, and price level
What is P no change, Y no change, u no change?
Graph and respond: the effect of an innovation in energy-saving batteries on a country's GDP
What is a movement of the curve? (Y0 < Y1 but there are different curves, a0f(k) < A1f(k) )
Graph and respond: the effect of an increase in investor confidence on the LF mkt equilibrium
What is interest rate up, quantity of LF up?
Graph and respond: the effect of an increase in interest rates on a country's GDP, price level, and unemployment in the LR?
What is Y no change, u no change, and P down?
Graph and respond: the effect of the production of more shovels on a country's GDP
What is a movement along the curve? (Point Y0 < Y1 on the same f(k) )
Graph and respond: The halves of the graph where the economy is in a recession or an expansion.
What is a recession to the left of LRAS and an expansion to the right of LRAS?
Graph and respond: the effect of introducing property rights on a country's GDP, unemployment, and price level
What is P down, u down, Y up?