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The hypothetical economy of Betania is in short-run macro equilibrium with RGDP equal to $5 trillion. Assume the MPC in this economy is .9. Suppose the government in Betania increases its purchases by $100 billion and finances this increase in spending by raising taxes by $100 billion.
Using an AS/AD graph, show the impact of this fiscal policy.
Explain what effects (if any) this equal increase in government purchase and taxes would have on price level and employment
Calculate the effect (if any) this equal increase in government purchases and taxes would have on RGDP.
Explain how many seats should be protected for full-fare passengers.
q.on friday august 5 2011 the rating agency standard and poors downgraded the u.s from aaa to aa. however the other
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Explain the Prisoner’s Dilemma game, the notion of dominant strategy, and the concept of Nash equilibrium and cooperation. Using these concepts, then, analyze the following duopoly game.
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Compute percentage change of real exchange rate between US and Japan in past year. Has US Dollar become weaker or stronger in real term.
The short run for a company is
Which stakeholder group is primary in both the Market Capitalism and Stakeholder model? Which type of economy allows private individuals and corporations to own the means of production and compete in a free market? The theory that government should i..
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