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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? Round your answer to one decimal place.
1. What is the policy of import substitution? Has this policy worked for the developing countries? If not, what are the problems of this policy?2. Mention any two benefits of export promotion policy
In recent years technological improvements have greatly reduced the cost of producing basic cell phones and a number of new firms have entered the cell phone industry. At the same time, prices of substitutes for cell phones, such as smart phones and ..
What characteristics of the market make it more likely that a dealer will quote prices at random rather than stick with a single one, or will choose prices that vary with the perceived characteristics of individual customers.
Assuming no change in hours of work, if real output per hour of work increases by 10 percent, what will be the new levels of real GDP in the right column of A Does the new data reflect an increase in aggregate supply or does it indicate a decrease..
The Central Bank reduces the money supply in the economy which leads to an increase in the interest rates - The government increases its purchases due to natural disasters. Sets of the aggregate demand, short-run aggregate supply, and long-run aggreg..
Compute the elasticities for each variable. On this basis, discuss the relative impact that each variable has on the demand. What implications do these results have for the firm's marketing and pricing policies?
According to the rule for optimal input usage, a firm should hire a person as long as her marginal revenue product is greater than her marginal cost to the company.
what do you think about idea of private money? how do you think it would work? if people were free to use whatever
Ten firms compete in a market to sell product X. The total sales of all firms selling the product are $2 million. Ranking the firms' sales from highest to lowest, we find the top four firms' sales to be $260,000, $220,000, $150,000, and $130,000, ..
in the above diagram the elimination of discrimination is best represented by ltbrgt ltbrgt ltbrgt ltbrgt ltbrgt ltbrgt
Glen spends at least 40 hours a week at his place of business. If he closed the company, he could work for his competitor earning $50,000 a year. He also owns the building the company operates in and could rent it out for $12,000 a year if he closed ..
suppose that jake considers two alternative investment plans of 1000 for one-year. investment a is a no-risk plan
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