Microeconomics

Anonymous
timer Asked: Dec 17th, 2018

Question description

Q1) Determine what happens in the endogenous growth model if the government attempts to discourage the time spent in education, by reducing subsidies to education.

Q2) If a consumer in the two-period credit market model is initially a lender, and the real interest rate falls, determine what the consumer does in response.

Q3) In the credit market model with asymmetric information, determine how a consumer will respond to a decrease in the fraction of bad borrowers in the population.

Q4) Suppose, in the real intertemporal model, that there is lower friction in credit markets. What are the equilibrium effects? Explain

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