if i (2) 12 , what is the equivalent a) nominal annual rate of interest compounded monthly Answer Answer (Round your answer to 2 decimal places) b) nominal annual rate of discount compounded quarterly Answer Answer (Round your answer to 2 decimal places) if(2) 12 , what is the equivalent a) nominal annual rate of interest compounded monthly Answer (Round your answer to 2 decimal places) b) nominal annual rate of discount compounded quarterly Answer (Round your answer to 2 decimal places)

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Question: if i (2) = 12%, what is the equivalent a) nominal annual rate of interest compounded monthly? Answer: Answer% (Round your answer to 2 decimal

if i ⁽²⁾= 12%, what is the equivalent

a) nominal annual rate of interest compounded monthly?

Answer: Answer% (Round your answer to 2 decimal places).

b) nominal annual rate of discount compounded quarterly?

Answer: Answer% (Round your answer to 2 decimal places).

if i (2)= 12%, what is the equivalent a) nominal annual rate

if(2)= 12%, what is the equivalent a) nominal annual rate of interest compounded monthly? Answer: % (Round your answer to 2 decimal places). b) nominal annual rate of discount compounded quarterly? Answer: % (Round your answer to 2 decimal places)

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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.