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Suppose the economy is in equilibrium and the equilibrium real GDP is $800 billion.Suppose further that the MPC is 0.6. If the government decides to increase itsspending by $50 billion, what would be the ultimate effect of the change ingovernment spending on equilibrium real GDP? What is the new level of equilibriumreal GDP? Assume that the price level is fixed
Price elasticity of demand depends on various factors. Explain each factor with the help of an example and how how producers equilibrium is achieved with isoquants and isocost curves.
Explain how an increased federal budget deficit resulting from a recession can actually help stabilize an economy. Describe how adjustments in wages and prices take the economy from the short-run equilibrium to the long-run equilibrium
Television channel operating profits vary from as high 45-55% at MTV and Nickelodeon down to 12-18 at NBC and ABC. Provide a Porter Five Forces analysis of each type of network.
question 1. a. using the data from table calculate the elasticity of demand and elasticity of supply at each price
Label the substitution and income effects.
here are some 200 economic integration agreements in effect around the world already far more than even a few years
what impact would a change that shifts an economys production possibilities curve outward have on the long run
discuss some key general aspects of physician practice behavior? include implicit messages from training and also
prepare a report on determinant of demand for electronics in china - the report should including minimum the below
Normal 0 false false false EN-US X-NONE X-NONE Specialization and division..
Presume that both Country A and Country B have the same production function: Y/L = 6*(K/L)0.5. But, Country A has a capital-to-labor ratio that is initially twice as big as Country B. In addition, Country A has a 10% saving rate, a 10% labor force gr..
Suppose that your demand curves for gadgets and widgets are both straight lines but your demand curve for gadgets is much more elastic than your demand curve for widgets. Each is selling at a market price of $10, and at that price you choose to..
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