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suppose that for a particular economy and period,investment was equal to 100,government expenditure was equal to 75,net taxes was fixed at 100,and consumption was given by consumption function c=25+0.8Yd where Yd is the disposable income and Y is GDP? a. what is the level of equilibrium income Y? b.what is the value of government expenditure multiplier
Between January and December 1994, U.S. unemployment fell from 6.7 percent to 5.4 percent of the labor force. The Federal Reserve, the nation's monetary-policymaking authority
Can you please help with a five page research paper that explains the relationship between the price elasticity of demand and total revenue? Please include a separate page
To reduce her personal carbon footprint, Zooey is buying a new hybrid. She has negotiated a price of $21,900 and will trade in her old car for $2350. She will put another $850
Calculating elasticity: Draw a set of coordinate axes on a piece of graph paper. Label horizontal axixs from 0-50 units and vertical axis from $0- $20 per unit. Draw a demand
A new industrial oven has just been installed. To test the temperatures of the oven, the inspector reads the temperature in the oven at four different places every half hour.
Compare and contrast a public good versus a private good. What are the principal characteristics of each? What are the two key characteristics of public goods? Is there a free
If the composite good costs $1, what is the price of good x in each of the three budget lines? Draw the income and substitution effects of a price decrease from the most expen
What are government's fiscal policy options for ending severe demand-pull inflation? Which of these fiscal options do you think might be favored by a person who wants to prese
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