Fogel’s research on nutrition and Kremer’s research on population and ideas both suggest that growth policy should focus on more than just physical capital investment. What COMBINED policy implication do both findings support?

Equilibrium wage = $15/hour and 50M workers are employed. Government sets minimum wage = $20/hour. At $20: firms want to hire 40M, 60M workers want jobs. Which is MOST precisely correct?

A student argues efficiency wages creating structural unemployment are bad for the economy. A more complete analysis recognizes:

A bank: Total assets = $50B; Total deposits = $44B; Other liabilities = $4B; Capital = $2B. What is the leverage ratio and the maximum asset decline before insolvency?

A union negotiates a wage of 35 euros/hour in manufacturing where the competitive equilibrium is 25 euros/hour. Workers displaced from manufacturing move to retail, where the equilibrium was 18 euros/hour. What is the expected effect on retail wages?

A plague kills 30% of the population but leaves total stocks of K, H (human capital embodied in survivors), and N unchanged. Assuming A is also unchanged, what happens to Y/L?

Which COMBINATION of forces caused SVB’s 2023 insolvency?

Adult population = 260M; Labor force = 168M; Employed = 161M. NRU = 4.2%. What is the cyclical unemployment rate and what does its sign imply?

A government economist argues: ‘We should build more roads to permanently raise our long-run growth rate.’ A critic responds correctly that:

Country Alpha and Country Beta both start with GDP per capita of $5,000. Alpha grows at 2% per year; Beta grows at 5% per year. Approximately how many years will it take for Beta’s GDP per capita to be AT LEAST DOUBLE Alpha’s?