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1.Using the multiplier. Consider the following economy (similar to the one described iN Worksheet 1): C = 160 + 0.6Y D I = 150 G = 150 T = 100 a. Consider a decline in real GDP of 2%. How many units of real GDP equal 2% of equilibrium GDP? b. If the 2% decline in real GDP were caused by a reduc tion in I, how many units would I fall? c. If the government wanted to return real GDP to its equilibrium level after the fall in I, would it increase or decrease G? By how many units wo uld it increase or decrease G?
you have 10 individuals with values 1 2 3 4 5 6 7 8 9 10 and suppose you find a way to charge one price to the
What would the number of paying patients and federally funded seniors be if the federal funding agency raised its rate to $120 per treatment?
In using game theory, both parties have dominant strategies that lead to a best case for each individual. However, these decisions result in a worst case for the combination of the two. Discuss ways that each party can achieve a better solution
An (honest) stamp collector is considering selling one of her prize stamps. Based on some very insightful market research she knows that there are two bidders and each bidder just wants to add the stamp to their own private collection and is not worr..
in the 1990s pfizer inc. developed a new antibiotic called trovan trovafloxacin mesylate. tests showed that in animals
Calculate the number of days it would take for the vendor to no longer need to borrow money in order to purchase $10 of vegetables and the day number on which no loan is needed?
Suppose that rather than the declining demand assumed in Example 2.7, a decrease in the cost of copper production causes the supply curve to shift to the right by 40 percent. How will the price of copper change?
timmy tyler 52 years old was fired by his employer university tool and dye. after he was fired timmy received a letter
Grow Fertilizers Company purchases a gravity settling tank of the $30,000 purchase price. The company finances 30% of the investment with a loan to be repaid with eight equal semiannual payments at an annual interest rate of 12% compounded semian..
assume there are 400 families in a community. each of these families spends exactly 100 plus one-half of its total
You have been put in charge of electricity restructuring on the Isle of Mann. As part of the restructuring plan, it has been suggested to you that all wholesale electricity should be sold on the spot market at a price that is set every single min..
the next question refers to the followingtotal cost schedule for a competitive
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