Question
The population of Japan is shrinking. What happens to Output per-worker (GDP per capita)with a per-worker production function? (you do not need to draw it)
- The population of Japan is shrinking. What happens to Output per-worker (GDP per capita)with a per-worker production function? (you do not need to draw it)
Is the prediction of the model true? Why or why not?
2) What are the differences between CPI-All Items and Core PCE? Which does the Federal Reserve (US Central Bank; ran by economists) prefer to use? Why?
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Macroeconomics A European Perspective
Authors: Olivier Blanchard, Alessia Amighini, Francesco Giavazzi
4th Edition
1292360895, 9781292360898
