Question 13 2 points "For the next four questions, use the following scenario with our Romer model on its balanced growth path The economy allows increased egration which boosts the size of the labor co describe the new balanced growth path relative to the old balanced growth path? Ⓒabove O same below not enough information to determine
Question 14 2 points "Suppose in addition to more immigration boosting the labor force, the new migrants only work in the production of goods. How would you describe the new balanced growth path relative to the balanced growth path?" Ⓒabove same below O not enough information to determine
points Suppose in addition to more immigration boosting the labor force and the new migrants only working in production of goods, the productivity of researchers improves How would you describe the new balanced growth path relative to the old balanced growth path above Osame Ⓒ below O not enough information to determine Question 15 of
2 points "What is the new growth rate relative to the old growth rate if the size of the labor force grows 11%, the fraction of researcher decreases by 10%, and the productivity of researchers increases by 5 These numbers only refer to this question and none of the questions above 10% lower O5% higher 11% higher none of the above
estion 19 "According to Okun's law, if short-run output is 2% and the natural rate of unemployment is 5, what would be current unemployment?" 3% 4% 5% 6%
Question 13 2 points "For the next four questions, use the following scenario with our Romer model on its balanced growt
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