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Given an MPC of .8, if the equilibrium level of aggregate expenditure is 80 billion and there is a reduction in consumption of 2 billion, what will the new equilibrium level of aggregate expenditure be?
Identify and describe the effects of a change in money supply on the interest rate. Explain the money multiplier and the money creation process.
If a small country wants to protect its domestic producers from more efficient foreign competition by imposing an import tariff, will it come out ahead Do consumers lose when a large country protects it's less efficient producers from foreign comp..
suppose that Ike is loss averse. In the morning, Ike's stock- broker calls to tell him that he has gained $1000 on his stock portfolio. In the evening, his accountant calls to tell him that he owes an extra $1000 in taxes.
This is not a goal of government programs To enforce private property rights ,To prohibit natural monopolies or else.
Let px be the price of good X and py be the price of good Y. Assume the income of this individual is strictly larger than 10px Derive the demand for good X and the demand for good Y as functions of the two prices and income.
explain how the circular flow diagram relates to the current economic situation. using the circular flow diagram
in the 1990s five firms supplied amateur color film in the united states kodak fuji konica agfa and 3m. from a
You win $100 in a basketball pool. You have a choice between spending the money now or putting it away for a year in a bank account that pays 5 percent interest.What is the opportunity cost of spending the $100 now?
Compute the formula for Bob's indierence curves by setting and compute Bob's MRS as a function of C and P
consider the following model i c 1500 mpc y - tyii i 800iii g 500iv x - m 500 - mpi ywheret the flat tax
recommend appropriate pricing and nonpricing strategies for your new or existing good or service based on the projected
You are supporting a proposal decision as the manager of the systems and software engineering organization. A monthly budget of estimated labor costs is needed to evaluate the lifecycle funding profile for a technical option
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