Many demographers predict that the US will have zero population growth in the twenty first century, in contrast to average population growth of about one percent per year in the twentieth century Use the Solow model to forecast the effect of this slowdown in population growth on the growth of total output and the growth of output per person Consider the effects both in steady state and in the transition between steady states The higher the steady state capital labor ratio is, the more consumption each worker can enjoy in the long run Explain your answer Explain the sticky wage and imperfect information theories of aggregate supply On what market imperfection do these theories rely The 1983 Economic Report of the President contained the following statement Devoting a larager share of national output to investment would help restore rapid productivity growth and rising living standards Do you agree with this claim Explain What makes the demand for the economy's output of goods and services equal the supply Explain Many of the South East Asian economies currently experiencing financial crises have run substantial national government deficits over the past 3 5 years Simultaneously, their monetary authorities have allowed excessive money growth, and therefore these economies have also experienced high rates of inflation (eg Korea's 7 average inflation rate from 1990 1996) As part of the IMF bailout program, Thailand, Indonesia, and South Korea will be required to cut their deficit spending (lower government spending and or raise taxes), and reduce their rate of inflation by slowing money growth (reduce M primarily due to bank closures) Using a Short Run macro model (IS LM, Aggregate S D) explain the impact of the IMF prescription on real output, employment, the general price level, and real interest rates As time passes and wages and prices adjust, what will be the impact of the IMF prescription on real output, employment, and the general price level Major goal of the IMF bail out package is to stabilize the currencies of the SE Asian economies Assume that South Korea is a small open economy Taking a more long run view, what effect will the IMF policy prescription have on the value of the Won (the SK currency) relative to the dollar, and on the South Korean trade deficit

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Many demographers predict that the US will have zero population growth in the twenty-first century, in contrast to average population growth of about one percent

Many demographers predict that the US will have zero population growth in the twenty-first century, in contrast to average population growth of about one percent per year in the twentieth century.

Use the Solow model to forecast the effect of this slowdown in population growth on the growth of total output and the growth of output per person. Consider the effects both in steady state and in the transition between steady states.
The higher the steady-state capital-labor ratio is, the more consumption each worker can enjoy in the long run. Explain your answer
Explain the sticky wage and imperfect information theories of aggregate supply. On what market imperfection do these theories rely?

The 1983 Economic Report of the President contained the following statement: "Devoting a larager share of national output to investment would help restore rapid productivity growth and rising living standards." Do you agree with this claim? Explain

What makes the demand for the economy's output of goods and services equal the supply? Explain
Many of the South East Asian economies currently experiencing financial crises have run substantial national government deficits over the past 3-5 years. Simultaneously, their monetary authorities have allowed excessive money growth, and therefore these economies have also experienced high rates of inflation (eg. Korea's 7% average inflation rate from 1990-1996). As part of the IMF bailout program, Thailand, Indonesia, and South Korea will be required to cut their deficit spending (lower government spending and or raise taxes), and reduce their rate of inflation by slowing money growth (reduce M-primarily due to bank closures).
Using a Short Run macro model (IS-LM, Aggregate S/D) explain the impact of the IMF prescription on real output, employment, the general price level, and real interest rates.
As time passes and wages and prices adjust, what will be the impact of the IMF prescription on real output, employment, and the general price level?
Major goal of the IMF bail out package is to stabilize the currencies of the SE Asian economies.
Assume that South Korea is a small open economy. Taking a more long run view, what effect will the IMF policy prescription have on the value of the Won (the SK currency) relative to the dollar, and on the South Korean trade deficit?