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Suppose the government increases expenditures by ?$70 billion and the marginal propensity to consume is 0.60. By how will equilibrium GDP? change? The change in equilibrium GDP? is: ?$ billion.
?(Round your solution to one decimal? place.)
Elucidate the likely impact of this event on the market for gasoline and the market for small cars.
If a company, new to international arena, is negotiating an agreement with a potential partner in an overseas country, what basic steps should it be prepared to implement.
In December 1992, the government began requiring that food contain labels with nutritional information. The information had to be verified by independent laboratories. The price of verification was $20,000 per food item. What impact would this have o..
GDP is the major economic variable used to measure the health of the economy; indeed, as we learn, recessions are defined based on the direction of change in GDP. GDP is a difficult measure to construct, as certain transactions and expenditures are n..
What role can the government play in reducing the emission of greenhouse gases? What role can individuals play. If you were the economic advisor in the government, what economic measures would you suggest to tackle global warming.
An article in the Chicago Tribune stated that in 2007, college costs rose faster than inflation and student aid. A report by the College Board found that average in-state tuition and fees at four-year public universities rose 6.6% to $6,185. What was..
q.define inflation. assume that you live in a simple economy in which only three goods are produced and traded fish
A forty-year annuity-immediate makes monthly payments. During the first year the monthly payments are $100 each. The payments within each year are level; however, the monthly payments in each of the years two through forty are 4% higher than those in..
What are the components of the Affordable Care Act? What improvements have the Affordable Care act made to the United States Healthcare delivery system? What are some examples of how new legislation will affect the problems associated with cost, acce..
Assume that the temporary increase in government purchases is for infrastructure like sewers or roads rather than for military purposes. The government spending on infrastructure makes private investment more productive. Use the saving-investment dia..
For a particular competitive firm, the minimum value of average variable cost (AVC) is $12 and is reached when 200 units of output are produced. For the same firm, the minimum value of average total cost (ATC) is $15 and is reached when 230 units of ..
Use demand and supply diagrams to elucidate what happened in anchovy,soybean, and cattle markets. Indicate which curves shifted in each instance and show the effects on the equilibrium price and quantity in each market.
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