Producer equilibrium and consumer equilibrium

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Reference no: EM139319

Q1. Briefly discuss the similarities and differences between producer equilibrium and consumer equilibrium.

Q2. Assume that disposable income increases by $20 billion, consumption rises by $18 billion, and saving goes up by $2 billion. Illustrate what is the economy's MPC? Its MPS?

Q3. State whether the following statement is true or false AND elucidate why: "An increase in the interest rate paid on excess reserves will always cause an increase in the federal reserve funds rate."

Reference no: EM139319

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