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Question: In an economy, autonomous consumption expenditure is $50 billion, investment is $200 billion and government expenditure on goods and services is $250 billion. The marginal propensity to consume is 0.7 and net taxes are $250 billion. Exports are $500 billion and imports are $450 billion. Assume that net taxes and imports are autonomous and the price level is fixed ,
a. what is the consumption function
b. what is the equation of the AE curve
c. calculate equilibrium expenditure
d. calculate the multiplier
e. if investment decreases to $150 billion, what is the change in equilibrium expenditure.
f. describe the process in part(e) that moves he economy to its new equlibrium expenditure.
Calculate the percent change in the MM as well as the percent change in the MB during this period. Then calculate the percent change in the money supply during this same five year period.
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Assume Springfield's economy moves into a recession and Y falls to $9 and increasing unemployment allows widget makers to decrease wages to $18 per hour.
artica is a nation with a simple economy that produces onlysix goods oranges bicycles magazines paper orange juiceand
you want students who don't know the answer to a question to have no incentive to guess, but no incentive to leave the question blank, either. If your questions all have four possible answers (a,b,c or d)
For an economy at full employment, an rise in the quantity of money will lead to which of following sequence of shifts in aggregate demand and supply curves;
if you were a manager in a tobacco company, analyze the elasticity of demand for tobacco products. Evaluate the factors involved in making decisions about pricing tobacco products indicating which would be the most influential.
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1nbsp below are six statements.nbsp indicate whether each one pertains to microeconomics mic or macroeconomics
Do the utility maximizing amounts of X1 and X2 change if P1 increases to 5 while P2 stays constant at 5? Why or why not? Do the utility maximizing amounts of x1 and x2 change if P2 increases to 9 while P1 stays constant at 4? Why or why not? For a ..
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