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The ratio of debt to nominal GDP decreases with an increase in the growth rate of output because the debt values are lower as compared with the increased GDP that results from the increase in output (Carlin and Soskice).
where S is the savings rate. An increase in savings rate increases raises average living standards, the per capita consumption is shifted upwards i.e. increases. Steady state consumption is altered as equilibrium shifts upwards. The positive form of the golden rule relates to this, as savings rate are directly proportional to livings standards.
Effects of an increase in technical progress are similar to those of increase in saving rate. The equilibrium equation where A represents technical change shifts upwards increasing effective output per capita. The growth rate of capital per capita decreases initially.
In the IS-LM, increase in productivity shifts up the production function this means higher levels of employment, output and real wage. The labor supply line shifts to the right, which creates a new potential for supply of
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However, the central point of the Iliad concentrates on the Trojan War that the poet does not describe its origin or its end, but rather the poet explains the origin of the war, and it is through this Trojan War that vast aspects and values of the ancient Greek shows (Burgess 6).
However, in order for one to set the goal one needs to identify them. Therefore, the goal identification is the first set involved in the setting of the objective. To identify the one needs to consider if the aspired goal is
While still in our soccer team, I played the first team defender and participated in inter-school competitions. There were several winning and losing moments for me, yet I chose never to give up. I tend to figure out
Medicine as a profession requires the individual to study for a long time to attain the required qualification. This level of qualification adds value to the profession. Raising the qualification to become a doctor would be prestigious while lowering the
This is attention to general public’s welfare whereby the entire society has a stake in terms of recognition, promotion and security. Mainly, the state’s regime via its varied agencies or authorities usually claims this responsibility with
A number of willing people came to support. To my surprise the amount collected surpassed our target. We managed to collect $1000 in money plus other donations.
Recently during my internship at the local restaurant I had a chance to offer an idea to
etwork communications by generating a standard for other gadgets like laptops, and palm pilots that are also able to link to local a wide area networks since the innovations of the OSI model.
The model has also assisted in the expansion of network communications via its
A country can decide to give floating currency in order to amend external shocks brought about by the exchange rate. Those countries which have fixed countries encounter pressure on their wages and prices thus the need to fix their exchange rate.
In the IS-MR-PC Model
Notably, the percentage increases over the last decade alone has been approximately 5 percent, with far reaching consequences that weighs heavily on the children’s probability to succeed in anything that requires mental work.
In the very piece of work,
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