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~ S.No: of @ Paper Intermediate Macroeconomics-It (Semester 1V, May 2018) Ss tna ae i . with §'> 0 the productivity of research 2 ‘Name of the Paper inter ite Macroeconomics II . Se eet re eae ee Ss Name ofthe Course: B.A. (Hf) Economics CBCS ‘new ideas becomes harder ove .. = = a : "f Independent from the stock of Duration :3Howe Marin Ma ive more likely when there are more persons fet of L, is not proportional. Hence, it el ‘at enter in the production function of production function of new ideas ‘Attempt All questions, selecting any heo parts from each ¢ e general (aaa «pening ato onttee eae As ova ae aed sdogeni 4 ‘+ Romer endogenizes technological progress by introd + Along the BGP * = g, = constant. Thus. the numerator and-the oo arfhhl a .ator should growth at the same rate, which means: model, even if growth is an. do nothing to increase the -d not 4 and ¢ are parameters independent eax " e A * Labour is used either tq produce Preis e stock. Assume population growslat rate - So the a eegrsa te earn ete ba, z ‘small letters, the growth rate of output OT Ta © i AMAK B.A. (Hons.) Economics Il Year (Sem. IV, May 2018)- Intermediate Macroeconomics-l (Semester-1V, May 2018) of goods and services that we could ever: “07 Wit thea wed want to entra competition. We would nullify every patent, and let competition take over to Ym SAR ~(5 +) h (0) Iw see ar Sen edocs =m Ging cher ind Since poser Feansa ct om eng na fer ind oft orer morceenrs an a ee i a nee olay utrnumn . property rights and/or competition in general. I 14s on your long-run. ‘which means that both capital and output grow permanentiy ata Dérun growth, ity growth. This clase of. dof exogenous technical rte abet ee epntsn yon tow lta, aut a ner tre ec penn 7s Kme ten perfect competition — allowing tors to ensure P=MC — isn’t good because it. tet ceca sergio TS iy ere xvid mona Perpetual monopolist, say ~ would shrink the availability of every existing Poker nna Sac ean nba 06 Sort Y= AK L'*0

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