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Suppose the government increases expenditures by $70 billion and the marginal propensity to consume is 0.660. By how will equilibrium GDP change?The change in equilibrium GDPis:$__billion.(Round your solution to one decimal place.)
kick flip inc. is a specialty skateboard manufacturer. the company is experiencing demand that greatly exceeds capacity
Write a C++ program to ouput the amount of money that wouldbe present in a bank account some year in the future (named"future"), if x dollars was invested during some earlier year (named "start") chosen by the user.
Briefly explain which of the following policies are likely to increase the rate of economic growth of a nation and government increases public spending to finance a conflict with a neighboring nation
Consider a total cost function of TC = 0.5Q2 +10Q + 20 and the market demand equation Q = 70 - P. What is the profit-maximizing output and price for the perfect competition? Calculate its profit.
Every year the typical family on Planet Econ consumes ten pizzas, seven pairs of jeans and 20 litres of milk.- Between 2002 and 2003, a typical family's cost of living:
What is Jung's opportunity cost of producing two additional pounds of crackers? Who has the comparative advantage in the production of crackers? Explain your answer. Who has the comparative advantage in producing cheese? Explain your answer
If the input costs are rising at teh same time that consumer income is falling, what will happen to the equilibrium price and quantity?
You are negotiating a 5 year contract to supply engineering services for your company and the rates proposed for each new contract year are indexed to US CPI. List five problems you may have with this proposal and rank order them from Highest to l..
According to Colander, the perfect definition of economics. The three central coordination problems any economic system must solve.
Why math and programming (ex. Excel, R, or Python) is helpful in money banking and financial markets?
Determine whether the following linear programming problem is infeasible, unbounded, or has multiple optimal solutions. Draw a graph and explain your conclusion. Maximize 50x + 100y
1. a) Distinguish between the two output gaps in the economy. b) Assuming the economy begins in long run equilibrium and policy makers take no action, use AD-SAS-LAS diagrams to show the short and long run effects on output and inflation of a shar..
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