Question: Define control. Describe the concepts of feedforward control, concurrent control, and feedback control. provide examples to show how each can be used by managers

Define control. Describe the concepts of feedforward control, concurrent control, and feedback control. provide examples to show how each can be used by managers

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=+ 2. In the steady state of the Solow model, at what rate does output per person grow?

=+ a. Express output per worker (y = Y/L) as a function of capital per worker (k = K/L) and the natural rate of unemployment (u).

=+ b. Write an equation that describes the steady state of this economy. Illustrate the steady state graphically, as we did in this chapter for the standard Solow model.