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The Anderson County board of supervisors has agreed to fund an ambitious project that will "spend money now to save much more money in the future." A total of 16.2 million will be awarded to the York Corporation for energy improvements in 40 buildings, 27 parks, and 37 traffic intersections. These improvements include lighting upgrades, solar hot water collectors, more efficient heating/cooling systems, and LEDs for traffic signals. Bonds paying 7% per year over the next 15 years will be used to pay for these improvements. If the annual savings fail to average 2 million, York Corporation will reimburse the county the difference. Will York need to pay any money to the county? If so, how much.
Actual GDP in a country is estimated to be 10% below potential GDP. Prices are virtually unchanged from one year ago. Unemployment is 12% of the labor force (much higher than the natural rate of unemployment). Which of the following policies would be..
q1. you own a small town movie theatre. you currently charge 5 per ticket for everyone who comes to your movies. your
The opportunity cost of consuming good A is lower than the opportunity cost of consuming good B.
If the final change in output for the economy as a whole is $119.6 billion, unemployment is 6.2% and there had previously been an initial increase in government spending of $46 billion, what is the value of the multiplier?
______The term used to refer to the raw materials, components, completed or partially completed products, and pieces of equipment a firm uses is
Illustrate what is the "incubator effect" that Taiwan's government hoped would emerge in its EPZs.
illustrate what is the specific marketplace-failure justification for governing spending on public universities
Explain the short run and long run profit maximizing position for a perfectly competitve firm, a monopoly, an oligopoly, and a firm with monopolistic competition. Also include the dynamics of moving form a short run to a long run equilibrium.
Money Demand =8750-500i Loanable Funds Demand = 2000 –100i Initial Reserves: $500 Y1=15600 Y2=14000 Reserve Ratio: 8% MPC=0.8 Tax Revenue: $1100 Govt Purchases: $1000 Suppose the Government is implementing fiscal policy. What is the new level of Gove..
According to national income accounts, investment always equals savings in a closed economy. only in equlibrium would savings be equal to investment. hence, we are always in equlibrium. true or false.
Your book describes the increase in the money supply as being analogous to giving people more money. If the output of goods and services is not growing at a similar rate, inflation will eventually occur. According to PPP Theory, what will happen to t..
In our study of intertemporal utility maximization, everything (initial and ending wealth, interest rate, and consumption) in the budget constraint is expressed in real terms. Reformulate the budget constraint in nominal terms and show that for a two..
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