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Suppose the government increases expenditures by $70 billion and the marginal propensity to consume is 0.660. By how will equilibrium GDP change?The change in equilibrium GDPis:$__billion.(Round your solution to one decimal place.)
Identify the main pathways causing adverse effects to the environment and specify the possible routes of exposure by which a soil-bound chemical come into contact with a receptor
Suppose the Central Bank of Namdia loaned the banks of Namdia 5 million dias. Suppose also that both the reserve requirement and the percentage of deposits held as excess reserves stay the same. By how much would the money supply of Namdia change?
Define economies of scale. How does this relate to returns of scale? Cite and briefly discuss the main determinants of economies of scale.
Use the classical model and the quantity theory of money to predict how each of the following shocks would affect the real wage rate (W/P), the real interest rate (r), real aggregate income (Y), and the price of goods and services (P) in a closed ..
In your answer compare and contrast the relevance of techniques and practices utilized in Multics to those which are currently employed today in both a networked and a standalone computer environment.
Identify the key features of the Affordable Care Act in the United States as well as the key features of healthcare proposals or systems in one other country.
Illustrtae what does this experience suggest about the determinates of health care costs, and the long-run scope for private health insurance even with subsidy and compulsion.
Suppose that Congress enacts a lump-sum tax cut of $750 billion. The marginal propensity to consume is equal to .075. Assuming that Ricardian equivalence holds true, what is the effect on equilibrium real GDP On saving
Smith & Co., a well-known producer of hand tools, wishes to hire a researcher to speed the development of the next generation of left-handed screwdrivers. If the researcher works hard, there is an 80% chance that she will make the crucial brea..
Explain why are there significant disparities in the cost of living throughout the US.
Suppose supply of a good is perfectly elastic at a price of $5. The market demand curve for this good is linear, with zero quantity demanded at a price of $25. Given that the slope of this linear demand curve is -0.25, draw a supply and demand.
1.If total costs are given by TC(Q) =17.Q+0.004Q2 then what is the total fixed cost?
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