1. A closed economy has the following Cobb-Douglas production function: F(K; L) = K^2/5 (E L)^3/5 , where the notation is as in class. The depreciation […]
“The Greenhouse Effect.” Go to http://phet.colorado.edu/en/simulation/greenhouse and click on “The Greenhouse Effect.” Click, “Reset All” on the bottom right, and add 1 cloud every 20 seconds. […]