Wilfrid Laurier University

Burke, James Lee. “Jesus out to sea: a Louisiana lament” character analysis in detail and literary devices

Can you analyse Burke, James Lee. “Jesus out to sea: a Louisiana lament” for an English class

Consider the one-period macroeconomic model. Output, Y, is given by Y=z N, where z is total factor productivity and N is labor demand. The household has time constraint, h=Ns+l, where h is the time endowment, l is leisure, and Ns is labor supply. Households supply labor, receive wage, w, and pay lump-sum taxes, T, on their labor income. The household derives utility from consumption, c, and leisure, l. Preferences are such that the labor supply curve is upward sloping. Suppose the productivity of household life increases such that more time is available to enjoy leisure and supply labor. As a result, the time endowment, h, increases to h+a where a is some positive value. Which of the following would result? Question 28 options: increase in consumption, leisure, employment, aggregate output, and the real wage increase in consumption, leisure, employment, aggregate output, and a decrease in the real wage reduction in consumption, leisure, employment, aggregate output, and no change in the real wage increase in consumption, leisure, employment, aggregate output, and no change in the real wage reduction in consumption, leisure, employment, aggregate output, and an increase in the real wage reduction in consumption, leisure, employment, aggregate output, and a decrease in the real wage

Consider the two-period model. The consumer's preferences over current and future consumption (c and c', respectively) is given by: U(c, c')=c^(1-gamma)/(1-gamma)+beta*c'^(1-gamma)/(1-gamma) where 0

Consider the one-period macroeconomic model. Output, Y, is Cobb-Douglas and given by Y=zN, where z is total factor productivity and N is labor demand. The household has time constraint h=Ns+l, where h is the time endowment, l is leisure, and Ns is labor supply. Households supply labor, receive wage, w, and pay proportional taxes, t, on their labor income. Households budget constraint is as follows: c=w(1-t)Ns. Suppose the household prefers consumption, c, and leisure as follows: U(c,l)= ln c + ln l. Note that the derivatives of U(c,l) are as follows: Uc=1/c and Ul=1/l. Solve for optimal leisure. Suppose that the proportional tax, t, decreases. What is effect on leisure? Question 26 options: Does not change Could increase or decrease Increases Decreases

In the one-period macroeconomic model with lump-sum taxes, if the government replaces a lump sum tax with a proportional labor income tax, then in competitive equilibrium Question 24 options: employment and output decrease. employment decreases and output increases. employment increases and output decreases. employment and output increase.