Circular Flow — Full General Equilibrium

Two factors (labor & capital), Cobb-Douglas production f=A·L^βK^γ, endogenous income M = wL + rK̄ + π + PᵧωY. Three markets clear simultaneously.

Price guess (P)$3

Wage guess (w)$5

Rental rate guess (r)$3

⏱ 0s 📋 0/8 🏆 0⭐

🏠 Household

Pref α (X share)0.50

Price of Y (Pᵧ)2.00

Y endowment (ωY)5.0

# Consumers100

🏭 Firm (f = AL^βK^γ)

TFP (A)5.0

Labor share β0.40

Capital share γ0.30

# Firms50

⚙️ Factor Endowments

Capital per HH (K̄)1.0

Labor supply ε1.0

P* —

w* —

r* —

Q* —

L* —

K* —

📊 Equilibrium Flows

M* —

β+γ —

wL —

rK —

π —

Utility —

📊 Results

#	Challenge	Time	Score	Stars

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