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In the aggregate expenditure model, assume that the consumption function is given by C = 800 + 0.58(Y - TP), that planned investment (I) equals 250, and that government purchases (G) and taxes (TP) each equal 200. Assume that there is no import or export spending. If G is now 300, calculate the equilibrium level of income (to 3 decimal places).
Explain these concepts address Google's opportunities and problems. What are some political and economic policies affecting Google and how do they influence decision-making.
Spell out the types of policies also practices companies should develop if they want to keep their workers from unionizing.
Suppose you want to produce WIDGETS in your country. The international price of an imported WIDGET is $50 and pays an import tariff of $10 per unit. Three inputs are needed to produce a WIDGET.
Elucidate how the market for corn would be affected if ethanol, a corn derivative was used to fuel cars in the United States.
Discuss the evolution and responsibilities of the Federal Reserve System. What circumstances promulgated both the development and composition of the system.
What is the profit-maximizing price and output? What is the total profit? What is the price elasticity of demand at the profit maximizing output?
Last year, Pat and Chris occupied separate apartments. Each consumed 400 gallons of hot water monthly.
Is the subsiquent events cause the dollar to appreciate or depreciate against the Euro.
Assume the economy is slumping into recession and needs a fiscal policy boost.
The marketplace is saturated with modems, and your sales department has been able to identify only one potential buyer of your modems.
The owner of the Los Angeles Dodgers has commissioned a study that showed the demand by fans for stadium seats (per playing date) to be P = 22 - 0.2Q-How much revenue does the owner make at the current price?
In current years non-tariff barriers have gained in importance as a protectionist device. Describe and evaluate the major non-tariff trade barriers.
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