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Q1. Assume the price level is fixed, the mpc is .8 and the GDP gap is negative $200 billion. to achieve full employment output (exactly), government should increase government expenses by $40 billion. I don't understand why
Q2. According to Jeffrey Berry, organizations which seek "a collective good, the achievement of which will not selectively also materially benefit the membership or the activities of the organization" are called.
GDP is significantly lower in your country than in the United States, Illustrate what might this imply.
By using calculus show that the production function exhibits diminishing returns to labor.
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The GDP is a total market value of final goods and services produced within a country over time. Why is this a reflection of this country's cost of living so varied making expenditures.
Store maximizes profits and the price elasticity of demand for milk is -2 for coupon users, what is the price elasticity of demand for non-users.
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