How was the exame????

Same

It’s the liquid money supply, most supply curves tend to be horizontal. Is there an exception to that?

you're right, when partially differentiating with respect to L the AK^alpha part should be and is treated as a constant

I think you might be thinking of cr as "the fraction of the money that is held as cash/currency" (C/(C+D)) which suggests 1 is an extreme value, the highest possible value. The definition here is cr = C/D, not cr = C/(C+D) so 1 isn't an extreme or unusual value, it just means C = D.

I appreciate your kind words.

you'll crush it. this might help: kzbin.info/www/bejne/paSZhmptfc2gldU

@@stevewhite1110 Going to watch, thank you.

Yes, for examples like the one in the previous video where the U values get smaller over time a plot the UE rate against time would be negatively sloped. But in other examples, like one where U_0 = 0, you can see the U values increasing over time and then the UE rate against time would slope up showing UE increasing. The best way to understand this is to make up some starting values for U and E then use the model to calculate the U_1, U_2, U_3, etc. values and plot them against time, e.g. plot (1, U_1), (2, U_2), ... and you'll see the pattern.

if the labor force is growing at rate n that has to be factored in, here that is to f'(k) = d + n

@@stevewhite1110 ty！

Hlo

you also need a production function so that you can set up the equation, output = Af(k,l), and solve for A

georgiana rodriguez