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Consider an economy in which the current level of income is $600b, "the" multiplier is 4, the marginal tax rate is 20%, the current budget deficit is $30b. To increase income to $650b we require an increase in government spending of
a) less than $10b
b) between $10b and $15b
c) between $15b and $20b
d) over $20b
Japanese GDP in 2010 was 480 trillion yen while U.S. GDP was $14.5 trillion. The exchange rate in 2010 was 87.8 yen per dollar. Japan had higher prices than the United States: the price level in Japan (converted to dollars) divided by the price level..
Compare and contrast the economies of two different historical regions
a taxi company currently has 9 cabs in its fleet and its total daily cost is 4750. if a taxi company adds a tenth cab
At the beginning of the twentieth century, there were many small American automobile manufacturers. At the end of the century, there were only three large ones.
In this scenario the fixed loan was made prior to the unexpected inflation sodebtors will gain at the expense of creditors. Creditors, on the one hand, will lose because inflation will erode the amount of money they planned to earn on the loans. S..
use the data in the following table to calculate the gdp price index for each year values are in billions of
A cable company is considering a new suburban market
list and describe the characteristics of a perfectly competitive market. why would a firm in a perfectly competitive
What is the market price of the product and draw the social demand curve and what is the socially optimal output - By how much does the market overproduce this good?
"All else held constant" is a major problem facing all methods of estimating the demand for business products. Compare and contrast how the marketing and economic approaches deal with this problem. Please use examples.
Assume only two countries, China and the US. If China decides to stimulate growth through a policy of running a large export trade surplus, does China’s national savings increase? Show the relationship between China’s national savings, domestic inves..
1. Explain the difference between general-equilibrium models and partial-equilibrium models. How are the numbers of endogenous and exogenous variables related to whether a model is a partial-equilibrium or general-equilibrium model?
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