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Suppose the consumtion function is ( C = $500 billion + 0.9Y) and the government wants to stimulate the economy. By how much will the aggregate demand at current prices shift intially (before multiplier effects) with
(a) A 50 billion dollar increase in government purchase?
(b) A 50 billion dollar tax cut?
( c) A $50 billion dollar increase in income transfer?
In the nonfarm sector, output fell 5.5 percent as labor productivity increased 1.9 percentlong dash-the largest increase since 2003 long dash-but in the manufacturing sector
What is the opportunity cost of 1 unit of fish in Tuvalu? Show your work. Which country has a comparative advantage in producing fish? Explain why. Suppose that trade takes pl
The 3-Stooges partnership is planning three long-term capital investment proposals. Each investment has a useful life of 5 years. Relevant data on each project are as follows.
Supply chains are generally of two types: physically efficient supply chains, and market responsive supply chains. What type of supply chain would be suitable for a function
What is the quantity produced if L = 1,000 and K = 100? Image text transcribed for accessibility: A firm that manufactures office desks has the following production function
"Hurricane Katrina damaged a large portion of refining and pipeline capacity when it swept through the Gulf coast states in August 2005. As a result of this, many gasoline d
A company yearly sells 7,890 units. The cost of placing an order is $100 and the carrying costs are $2 a unit. What is the EOQ, the duration of the EOQ,
1. Suppose that a local government decides to provide more funds to the local police department in order for the department to hire additional police officers. Is there an
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