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If the marginal propensity to consume were 0.9, how large would each of the following need to be in order to restore full-employment equilibrium?
a) a tax increase [? billion]
b) a government spending cut [? billion]
c) a cut in income transfers [? billion]
while average labor productivity increases at the same rate as it did during 1960-2009. Under this scenario, what would be the net change in real GDP per person between 2009 and 2058?
Explain why the firm will or will not experience diminishing marginal returns to labor in the short run if its production function is.
What is the equivalent annual worth of costs for the website over a total of 6 years at an interest rate of 12% per year.
Illustrate what Monetary strategy Tools should the Federal Reserve use to fight a recession. Describe them thoroughly.
Suppose there are two firms in a market that each simultaneously chooses a quantity. Firm 1's quantity is q1, and firm 2's quantity is q2. Therefore the market quantity is Q = q1 + q2. The market demand curve is given by P = 160 - 3Q. Also, each firm..
Kathleen likes avocado also crab dip. After eating avocado also crab dip with four crackers, she switches to cheese with crackers.
Determine one possible combination of government spending increases and tax increases that would accomplish the same goal.
Economists sometimes shock noneconomists by stating that they do not favor the complete elimination of pollution. Explain the rationale for this position.
to build trust among virtual team members managers shoulddeep-six the egos and be friendlybuild a shared mythologyavoid
Illustrate what will happen to equilibrium price As a local cable company offers cheaper pay- per-view films, local movie theaters have more unfilled seats.
the incentive of entrepreneurs to develop substitutes for the product supplied by the firms? Are competitive pressures present in markets with high barriers to entry? Discuss
It is a common belief that social security benefits will run out in the near future. How can we save social security?
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