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Real GDP is 15.4 trillion and Potential is 15.8 the purchase multiplier is 2 and the tax multiplier is -1.6 how much does the government need to spend to increase the GDP .4 trillion
Economists often argue that a temporary increase in government purchases -say for military purposes-will crowd out private investment. Use the saving-investment diagram to illustrate this point, explaining why the curve(s) shift. Does it matter wh..
Explain why the Fed can attempt to target either changes in the money supply or changes in interest rates, but not both. Your response should be at least 75 words in length.
Fiscal policy refers to the use of government expenditures or tax policy to influence the aggregate demand for a specific purpose.
Suppose the slope of the consumption function is 0.75 and there was an increase in income of $100. Calculate the increase in consumption.
Physical capital, Natural resources, Human Capital and Technical Knowledge, should it be Government policy to subsidize the production or acquisition of all or these?
which of the following three expressions uses the economists definition of money a. how much money did you earn last week b. when i go to the store, i always make sure that i have enough money.c. the love of money is the root of all evil
Utilities which operate nuclear power plants are required to placefunds into a "Nuclear Decommissioning Fund" in order to be surethat adequate funds are available to decommission the plant at theend of its useful life.
The Laser Printer Company decides monthly what to produce during the subsequent month. It produces three types of specialty printers-the Laser Rocket, The Laser Omega and the Laser Alpha-which bring them profit of $60, $90, and $73, respectively.
Refer to the above data. If the product price is $95, at its optimal output will the firm realize an economic profit, break even, or incur an economic loss?
Explain why does the United States have an absolute advantage in both goods. Which country enjoys a comparative advantage in food.
Illustrate what is the price elasticity of demand of a representative gasoline retailer's product.
Three students want to order pizza for dinner and they have decided to play the following contribution game in order to collect the money. Each student takes turns in order to place money inside a jar. If at least two students contribute the pizza..
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