問題詳情
2、(35%)Tlieproduction function in an economy is
where Y is the real ouput, A is productivity and N is the labor input. With this production function, the marginal product of labor is
Suppose A-2. The labor supply curve is
where Ns is the amount labor supplied, w is the real wage. Desired consumption and investment are
Taxes and government purchases are
Money demand is
The expected rate of inflation, is 0.02, and nominal money supply M is 9150. Now what are the general equilibrium values of real wage( w), employment (N), output(K), real interest rate( r), consumption
(C), investment (I), and price level(P)?
參考答案
答案:B
難度:簡單0.780822
統計:A(5),B(57),C(1),D(3),E(0)