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Suppose the equilibrium real GDP (output) is 100 billion and the MPC is 4/5 (which is 0.8). Calculate the spending multiplier. How much will the equilibrium output change if businesses increase their level of investment by $10 billion?
Do you agree with the following statement and why? Simple correlations between variables are a sufficient but not a necessary condition.
Determine what is the cumulative change in concentration of iodide ion at each of these four times?
Antitrust Practices and Market Power
Country A has a population of 1,000, of who 800 work 8 hours a day to make 128,000 final goods. Country B has a population of 2,000, of who 1,800 work 6 hours a day to make 270,000 final goods.
What type of good (Private public, common resource, produced by a natural monopoly) is a broadcast television or broadcast radio signal? Explain.
Foreign investment - Discuss the role of foreign investment in the context of the diffusion models
If boyh bid the same amount, the $100 is split evenly between them. assume that eac of them has only two $1 bills on hand, leaving three possible bids: $0, $1,or$2 Write out the payoff matrix for this game and then find it's Nash equilibrum
Do you believe that polar bears are endangered as a species now or in the future? Why or why not and what is the value of the polar bear to the United States? To humanity?
which will cause a larger short run increase in prices; an anticipated or unanticipated increase in aggregate demand? will they cause the same increase in prices in the long run?
From California to New York, legislative bodies across the United States are considering eliminating or reducing the surcharges that banks impose on noncustomers, who make $12 million in withdrawals from other banks’ ATM machines. On average, noncust..
Consider the utility function U(x; y) = min(2x; 3y) Let Px, Py and I denote the price of x, the price of y and the income level, respectively. Find the Hicksian demand functions for x and y. Jane's utility function has the following form: U(x; y) = x..
Consider the values in the following table for the Winsome Widget Factory. Winsome Widget Factory Output Long Run Average Total Cost 0 ------------------ 5 170 10 110 15 85 20 83 25 78 30 75 35 75 40 80 45 82 50 97, Over what output levels do econ..
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