What are 2 common occurrences in patients presenting with endocarditis. 

The Modigliani-Miller Theorem suggests that in certain cases

In a two-period world, the government has committed to never using seignorage to repay the debt, so only taxes and government purchases matter for the intertemporal government budget constraint. In this country, the constitution says that taxes = T = 150 each period, and current government purchases are 250 now. The interest rate (r) is 40% (as usual, think of a big interest rate like this as a generational interest rate if you find that helpful). What will government purchases be in the second period?  Answer with a number: If you think the answer is 400, just write 400 as usual. 

Consider a person who like consumption (C) and dislikes labor (N) in this way: U = ln(C) – N  This is a one-period model of course.  The person gets to consume by earning wages and by getting a “national dividend” (D) from the government. To keep it simple, we’ll assume that one hour of work yields an one extra unit of the consumption good.  C = N + D This person maximizes utility subject to the above budget constraint. Question: For this person, if the national dividend (D) rises by one unit, how much does total consumption (C) change as a result? In other words, what is dC*/dD for this person?  Answer with a number. If you think dC*/dD is 7, write 7. 

In the modern U.S., the central bank can directly control the monetary base (MB). 

Kling emphasizes that “Specialization and Trade” are the province of only a small minority of participants in the economy. 

In his theoretical work with Kydland, Ed Prescott found that business fluctuations (a.k.a. “business cycles) were a normal part of a fully real economy. 

In Androvia, output is made using this Cobb-Douglas production function: Y = 7K0.4 What is the marginal product of capital in Androvia? 

Consider a Baby Solow economy where TFP = 1, capital starts off at K0=1000, the savings rate is 50%, and the annual depreciation rate of capital is 10%. What is the steady-state capital stock? 

Robert Lucas, in “Econometric Policy Evaluation: A Critique,” contended that the best way to predict the effect of a tax cut on consumption was to look at the historical relationship between consumption and income.