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Assume an open, mixed economy. That is, foreign trade is part of the economy, and the economy includes both a public (government) and a private (consumers and businesses) sector.
Given this, aggregate demand is expressed as (C + I + G + X). Assume the MPC is .7.
Assume a stimulus package of $100 billion has been approved by Congress and the money has been spent. In order to pay for those expenditures, Congress also approved a $100 billion increase in individual income taxes. Will these actions by Congress expand or contract the economy or are they just useless actions?
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What is the marginal product of labor and What weekly economic rent does Dave receive from being an economics instructor and also describe law of diminishing marginal product
What is the intended purpose for the Thailand expansion - Eliminate similarities with other resources and makesure this report is ready to submit through originality
Both countries open up to free trade. Graph the relative world supply of cheese to wine and its response to the relative world price of cheese Pc/Pw based on the unit labor requirements. Provide specific values on the axes.
Exam: 050476RR - EXTENSIONS AND ISSUES; INTERNATIONAL ECONOMICS - The very poorest low-income developing countries typically have relatively and which one of the following groups of economists is most likely to favor annually balanced federal budgets..
Discuss how opportunity costs relate to Japan's cleanup efforts after the devastating earthquake/tsunami of March 2011. Begin the discussion by defining "opportunity costs." Then make a list of actions the Japanese government must accomplish to re..
A pharmaceutical company (player 1) introduces a new cold medicine. The medicine may either be highly effective (H) or have little effect (L). The company knows the effectiveness of the drug, but a representative consumer (player 2) knows only that..
Do you have any suggestions for where the government may need to cut spending to lessen the deficit that is increasing due to the tax cut Which programs can the U.S do without right now
1.when would being first be a valuable strategy?2.what does it mean to say that economics focuses on the margin? what
Why can't all the balance of payments accounts be in surplus What factors determine the demand for British pounds in foreign exchange markets? How are exchange rates determined under a flexible exchange rate system
The US International Trade Commission's committee in charge of the global safeguard investigation involving imports of steel has announced its recommendations to be forwarded to the president.
One of the biggest risk factors for multi-nationals enterprise (MNEs) is using the potential volatility of exchange rates. Explain mechanisms that can be used to alleviate the risk, including discussion of ways in which an MNE might increase profi..
Assume a soft drink company is grappling with decision about whether or not to introduce to the market a new carbonated beverage with 25% real fruit juice.
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