According to the Solow growth model, will all countries
eventually converge to the same level of real wealth? Why or why
not? Suppose there are two countries, A and B. If the exogenous
savings rate is higher in country A than in country B, does this
mean that the steady state level of income is higher than country
A? Why or why not?
Explain how the Smoot-Hawley Tariff act is thought to have
worsened the severity of the Great Depression....