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Assume that the marginal propensity to expend is 0.50 and therefore the multiplier is 2. According to the multiplier model, an increase in autonomous exports of 100 would raise the equilibrium level of income by 200. Explain how the multiplier process amplifies the initial shift in autonomous expenditures.
Write a research paper with good data and references about the topic, "TANF Block Grant Should Be Increased." Please note that TANF stands for Temporary Assistance for Needy Families.
It rains so much in the country of Tropicana that capital equipment rusts out (depreciates) at a much faster rate than it does in the country of Sahara. If the countries are otherwise identical, in which country will the Golden Rule level of capital ..
q1. compare and contrast inflation and deflation. what are some of the damaging effects that each has on an economy?
Airline travel and train travel in Europe are substitute goods. Suppose the price of airline travel decreases. Explain what happens to the demand curve for airline travel. The demand curve for airline travel would increase because
The firm requires at least 10 units of input A or 2 units of input B in order to produce 1 unit of output Y. Describe this technology by mathematical function. Draw the production isoquant that corresponds to 40 units of output Y.
Which one is considered unemployed?
Why do many prospective voters choose to watch sports on television rather than watching the news or political roundtables? In your answer, be sure to mention the role played by rational ignorance.
If all the assumptions of perfect competition hold, why would firms in such an industry have little incentive to carry out technological change or much research and development? What conditions would encourage research and development in any of the c..
As an HR manager how might you manage this kind of work environment? How would you keep track of individuals? How might we engage continual development programs?
In the text, we suggested that for well-off individuals with uniform taxation, preferences for education were not single-peaked. Why might preferences for local parks and urban public transportation systems (e.g., buses and subways) also not be singl..
What is a subgame-perfect Nash equilibrium proposal of player 1, and what is the resulting outcome of the game
Illustrate what are the monopolist's profit-maximizing price and total output.
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