EC140 Cheat Sheet - Final PDF

Title EC140 Cheat Sheet - Final
Course Introduction to Macroeconomics
Institution Wilfrid Laurier University
Pages 4
File Size 1.4 MB
File Type PDF
Total Downloads 69
Total Views 855
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Summary

growth modelendogenousGrowth Models The neoclassical AShas diminishing marginal returns to either Kapital, Human capital, or Labour, and constant returns to scale if both go up proportionally. In the long run, the only change is tech which means LRAS is a constant vertical line.Modern models say tec...

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