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Use the information in the following table to answer the questions. Assume that the values represent billions of 2009 dollars.
a. What is the equilibrium level of real GDP?
b. What is the MPC?
c. Suppose net exports increase by $400 billion. What will be the new equilibrium level of real GDP? Use the multiplier formula to determine your answer.
suppose that the business is visible and important member of the community. would government encourage decision to
baa is a private company that operates some of the largest airports in the united kingdom including heathrow and
Find the price and the quantity at the intersection of two demand curves with a kink - Discuss the difference in implication behind the portions of two demand curves.
a firm in a purely competitive industry is currently producing 1000 units per day at a total cost of 450. if the firm
The consumption function is given by:C=250+0.75Yd. What is the multiplier in this economy? Assume that the government spending increases by 100. By how much will equilibrium output increase?
Proponents of these subsidies lobby government and argue that these subsidies are justified because there are positive externalities from people owning homes instead of renting. Perform a Google search to find what externalities these proponents c..
What will price and output be if there is no dominant firm? Now assume that there is a dominant firm, whose marginal cost is constant at $6. Derive the residual demand curve that it faces and calculate that it faces and calculate its profit maximi..
Below are data for U.S. DPI and PCE on two main components of consumer spending, motor vehicles and parts and housing and utilities. One is a durable good and the other is comprised of housing and other services and non-durables, such as natural gas ..
What is the law of supply, and what are the factors that cause shifts in supply? What is the law of demand and why is it important?
What is Bertha's expected rate of return in each scenario and what is the relationship between businesses and households in the circular flow model?
look at this question suppose y 200 c 140 g 25 x-m -5 and t 25. what is sp? what is i? here is the answeryd y - t
If the manager of the open market desk hears that a snowstorm is about to strike New York City, making it difficult to present checks for payment there and so raising the float, what defensive open market operations will the manager undertake?
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