Question 9 1 pts In the Solow model with population growth and technical change how would you label the red curve at D O (s+g-d)Y/(TL) O (8+5)Y/(TL ) O SY O SY/TL) Question 10 1 pts In the AK model what would be different about the graph? O The blue line (E) turns into a curve with an upward bend O The red curve (D) would be a straight line from the origin that could be either above or below the blue line depending on the savings rate and the value of A O The red curve (D) would be a line from the origin that would be kinked in the middle rather than a curve The blue line (E) could be either above or below the red curve at all points depending on the value of the depreciation rate. Question 7 1 pts In the Solow model with population growth and technical change how would you label the blue line at E? O SY/L O SY/(TL) O ( d+n+ g)K/TL O (d+8)K/[TL) Question 8 1 pts In the simple, or basic, Solow model how would you label the horizontal axis at B? OK/L OK OTL OY Question 5 1 pts In the Solow model with population growth but without technical change what is the slope of the blue line? That is what notation belongs at point C? O (d+n) K/L O d+n+ 8/K/TL Ostn Question 6 1 pts Assuming the vertical line at F goes through the point where the blue line crosses the red curve. What label would you put at F? What would happen to the capital/labor ratio in a Solow model with population growth, but without technical change, if the capital labor ratio started above this value? O Equilibrium capital/labor ratio, Nothing, every point along the red curve is an equilibrium O (K/L)", the capital stock would decline to (K/L) O Equilibrium capital stock. K would keep rising forever O (K/L)", K/L would decline to zero Question 4 1 pts In this and all remaining questions, refer to the diagram above. In the simple or basic Solow model, what belongs on the vertical axis at point A? O Depreciation, Net Investment O S/L, D/L O Savings, Net Investment O S.D Question 3 1 pts What is sYt - dk+? O Net depreciaiton Gross investment O Gross savings O Net investment Question 1 1 pts What is the growth rate of total output in the simple or basic Solow model? O No growth On+g s O s+ 8 Question 2 1 pts The letter K in the production function refers to... O Physical capital O Population in a countries capital city O Machines and consumer durables The value of corporate stock outstanding