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If the government made it easier for people to borrow money, perhaps by enacting programs to help them get loans, would you expect consumption spending to become more sensitive or less sensitive to current income? Why? How is the marginal propensity to consume affected? How is the multiplier affected?
in january of 2007 mary bought 100 stocks of apple inc for 55 each. this stock paid an average dividend of 4.50 per
Suppose that the residual sum of squares for the three regressions corresponding to the Chow test described in question 35 are 156.4, 76.2 and 61.9. What is the value of the Chow F-test statistic
Economists refer to consumer satisfaction as utility and use "utils" to measure consumer utility. Jill enjoys cookies and milk as a snack. Below is a table showing Jill's utility from consuming cookies and milk: Total Utility (Utils) 0, 1, 2, 3, 4..
Characterize the Pareto optimal allocation, and show that the equilibrium growth rate in Proposition 13.6 is less than the growth rate in the Pareto optimal allocation.
Who or what do I blame for disparities in wealth and opportunity? Poor people? Wealthy people? The system? What do I think needs to be changed? Do I want to be a part of that change? If so, in what ways?
The following Cobb-Douglas production function is used to describe the output generated by a local government maintenance agency. Q = L1K2E3 Where L represents number of worker hours, K represents number of trucks used, and E represents energy use..
Automobile companies often provide a 3-year warranty on new vehicles. Consumers must pay for extended warranties beyond the manufacturer's warranty period. Suppose that a 5-year extended warranty is offered for your new vehicle at a price of $1,31..
Review The Shell Report and summarize potential stakeholders that could be interested in this report. For each potential stakeholder formulate a financial or non-financial performance indicator.
Plausible relationships among data may reasonably be expected to exist and continue in the absence of known conditions to the contrary.
in a population y100 and y43. use the central limit theorem to answer the following questionsa. in a random sample of
If the world price is still $50 per barrel of oil and the U.S. instead institutes a quota (a limit on the quantity imported) of barrels of 9 million barrels, what are the new consumer surplus, producer surplus, license holder revenue and deadweigh..
Assume that Country A has a population of 500,000 and only produces one good-cars. Country A produces 100,000 cars per year. The people in Country A purchase 90,000 cars, but there are not enough cars to fulfill all the demand.
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