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For the people around here this extra million dollars of government spending means 42 direct jobs and, depending on the employment multiplier you prefer, another 120 or 160 indirect jobs. In the bush. On the booming grounds. In the drugstore." Per million dollars, the magnitude of the employment multiplier is
a) 42
b) above 42 but less than 162
c) between 162 and 202
d) more than 202
If the US dollar depreciates dramatically relative to the Chinese yuan.what effect would this have on consumers and businesses in each country.
In 2001 the government of Anchovy collected receipts of $100 billion and had expenditures of $125 billion. Its GDP was $400 billion. The government's deficit was what percent of GDP in 2001?
What do we call a tendency for profits to rise at fixed wages but profit could fall if wages rise had major impact on debates about Marx's theory of value?
Assume labor's share of GDP is 70% and capital's is 30%, real GDP is growing at a rate of 4 percent a year, the labor force is growing at 2 percent, and the capital stock is growing at 3%.
What does the term "quantity demanded" refer to? A. It refers to both the amount of a good that consumers want to buy at a specified price and the amount that suppliers want to sell at that specified price B. It refers to the demand for a good over..
What is the maximum amount of new loans that this bank can make and assume that the bank makes these loans. What will the new balance sheet look like?
Suppose you are interested in estimating the effect of hours of work (hours) on total LSAT score (lsat). The population is all law school bound college seniors for a particular year. Here hours of work refers to any non-school related work that st..
As per the Solow model, how would each of the following affect consumption per worker in the long run.
Although all appliances are given a unique serial number when manufactured, until this year Armonco had no capability of determining how often any appliance was brought to an authorized service facility.
Profit-maximizing behaviour on the part of firms explains why the short-run aggregate supply curve is upward-sloping. Is this statement true, false, or uncertain? Explain your answer.
What is the mechanism by which the central bank announcing an inflation target translates into an actual inflation rate and how would your answer to q1 change if households had rational expectations
As the manager of Pelican Point Financial Group, you are unable to determine whether any given individual is a high or low volume transaction investor. Design a self-selection mechanism that permits you to identify each type of investor.
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