Draw an Aggregate Production Function for the US. And indicate the current state of the economy at point
A. Use the model to explain what would happen to real GDP/capital as a result of each of the following situations: A) The US makes college/trade school tuition free for everyone
B) Tesla develops a battery that can power machines using half as much energy and is widely adopted in the US
C) US firms increase the number of production facilities by 25%
D) A particularly active hurricane season destroys shipping facilities along the Eastern coast of the US.