49. Future budget deficits are forecasted to rise under current policies in the US because A. There are fewer workers for each retiree B. The population is living longer C. New medical technologies are often expensive D. All of the above 50. During the Euro sovereign debt crisis, proigate governments with high debt burdens found it dicult to issue new debt at high interest rates. Since these countries were part of the Euro area lacking their own central bank, which option for reducing their debt burdens was unavailable to these countries? A. Increase tax rates B. Print new currency C. Reduce government Spending D. All of the above options were available to these countries Instructions: Answer the following questions. Show all work. Point values are listed for each part of the question. 1. The following equations describe the Romer model: Y; : AtLyt AAHI = ZAtLut Lyt + Lat : E Lat : [L where the parameters are: fig, 2, l, L. (a) (6 points) Solve for the growth rate 5) along the balanced growth path as a function of the parameters