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Macroeconomics 12th Edition by Rudiger Dornbusch ,Stanley Fischer,Richard Startz
Edition 12ISBN: 978-1259070969Macroeconomics 12th Edition by Rudiger Dornbusch ,Stanley Fischer,Richard Startz
Edition 12ISBN: 978-1259070969 Exercise 1
Suppose there is an increase in the population growth rate.
a. Show graphically how this affects the growth rate of both output per capita and total output in the short and the long run. ( Hint: Use a diagram like Figure 3-5.)
b. Chart the time paths of per capita income and the per capita capital stock following this change. ( Hint: Use a diagram like Figure 3-6.)
a. Show graphically how this affects the growth rate of both output per capita and total output in the short and the long run. ( Hint: Use a diagram like Figure 3-5.)
b. Chart the time paths of per capita income and the per capita capital stock following this change. ( Hint: Use a diagram like Figure 3-6.)
Explanation
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a.
In short-run, when labor force is inc...
Macroeconomics 12th Edition by Rudiger Dornbusch ,Stanley Fischer,Richard Startz
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