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Important information about marginal propensity
Assume autonomous net taxes rise by $500; the marginal propensity to consume = 3/4. Net exports, planned investment, taxes, and government purchases are autonomous and remain fixed. As a result, equilibrium real GDP demanded willa. rise by $500b. fall by $500c. rise by $1,500d. fall by $1,500e. rise by $2,000
Which of the following is not true about classical economists?a. They criticized mercantilism as an economic system.b. They advocated laissez-faire policies to promote economic growth.c. They believed the economy would naturally tend toward full employment.d. They believed prices and wages react slowly to market changes.e. They discouraged government intervention in markets.
The Classical economists believed in the self-correcting nature of the economic system. They believed that the major adjustmenta. mechanisms was government assistanceb. mechanisms were inflexible wages and prices and flexible interest ratesc. mechanisms were flexible wages, prices and interest ratesd. mechanisms were sticky wages, prices and interest ratese. mechanisms were inflexible interest rates and flexible wages and prices
What government officials increase the price of parking ticket from $40 to $50; they are surprised that their revenue actually falls. What happened?
Calculate the arc price elasticity of demand over this price and consumption quantity range.
In 1991, Brazil and Columbia united to form a coffee cartel and reduce coffee output. Suppose total costs for the cartel are:
The average weekly earnings of bus drivers in a city are $950 with a standard deviation of $45. Assume that we select a random sample of 81 bus drivers.
Discuss how the requirement of a goods and the availability of substitutions impact price elasticity.
The World Bank is presently advising newly industrialized nations on how to encourage growth and they have asked for your help.
Illustrate what yield curve shape is depicted if intermediate term tresury securities yield
If there is a positive Net Advantage to Leasing the industry will lease the equipment. Otherwise, it will buy it. What is the NAL.
Required to find out an articles about price elasticity in the home building industry
Steve plans to take the contract that provides him with the highest net present value. At what discount rate would he be indifferent between the two contracts.
Optimal consumption. The following Table describes the demand for tickets to the opera, during the two=-week season.
Illustrtae what are the primary advantages and disadvantages of acquiring inputs through this means? Give an example that uses this method of procurement.
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