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Suppose that real GDP is currently $13.4 trillion and potential real GDP is$14.0 trillion, or a gap of $600billion. The government purchases multiplier is 3.3, and the tax multiplier is 2.3. Holding other factors constant, by how much will government purchases need to be increased to bring the economy to equilibrium at potential GDP?Government spending will need to be increased by $__billion. (Enter your response rounded to the nearest whole number.)Holding other factors constant, by how much will taxes have to be cut to bring the economy to equilibrium at potential GDP?Taxes will need to be cut by $__billion. (Enter your response rounded to the nearest whole number.)
Starting from the uncontrolled level of pollution claculated in part c, find the marginal willingess to pay for polloution abatement, A, for each consumer class (Abatement is reduction in pollution; zero abtement would be associated with the unctr..
Master Card has a series of cute commercials that list a series of accounting items and costs leading to a priceless product. Cell phones are often advertised as being free. In economics, it is said that nothing of value is either free or priceles..
your hospital is considering opening a satellite urgent care center about five miles from your main campus. you have
Identify whether the subsiquent issues are macroeconomic or microeconomic and explain why you categorized them in that way.
A firm producing hockey sticks has a production function given by Y= \(2\sqrt{KL}\) in the short-run, the firm's amount of capital equipment is fixed at K = 100. The rental-rate of capital is $1, and the wage rate is $4.
Please answer each of the questions below in short-answer format. Write your responses in complete sentences. Your answers to each question should include 2-3 paragraphs (125-250 words). 1. What shape did the short-run aggregate supply curve have ..
Analyze the factors that influence the banks desired excess reserve ratio, r e . What would happen to the magnitude of r e if:
There is a fish day care center called Fish-O-Rama. They need pseudocode for a program that will calculate the daily fish care fee based on a fish's size. The program must accept the following from the user:
Now go to the CIA World Factbook and find out what goods and products the country you chose exports. Then from the icons below the currency selection boxes, select Graphs and then select 1 year;
Nathan plans to provide a few examples of SQL statements that can be used to gather information externally. Provide two examples of SQL statements that Nathan can provide.
What are the economic impacts of recreational marijuana in Colorado?
Are you a Classical or Keynesian economist? Pick a perspective and defend.
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