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If in an economy a $150 billion increase in investment spending creates $150 billion of new income int he first round of the multiplier process and $105 billion in the second round, the multiplier and the marginal propensity to consume will be, respectively?
a nation to have commercial relations with other countries
Starting with the reaction functions of duopolists Cournot solution algebraically.
suppose that you are an intern for a state legislature that is considering how to vote on a bill that would legalize marijuana. An economist has testified that legalization would decrease the price of marijuana by 80% in his estimation.
Explain how does the economist's use of the term rent differ from everyday usage.
Explain how have they implemented the policy changing the "interest rate", changing the reserve ratio, or open market operations. How has this policy impacted you and/or your company.
The economics student knows that profit maximizing manager will produce quantity where marginal revenue equals marginal cost
Explain how would you go about resolving the issue if you were the president of a small, poor country.
Suppose that Congress enacts a lump-sum tax cut of $750 billion. The marginal propensity to consume is equal to .075. Assuming that Ricardian equivalence holds true, what is the effect on equilibrium real GDP On saving
Explain why this strategy may, in fact, be rational. Also, identify at least two other strategies that might permit Argyle to earn higher profits.
An analyst has timed a metal-cutting operation for 50 cycles. The average time per cycle was 10.40 minutes, and the standard deviation was 1.20 minutes for a worker with a performance rating of 125 percent. Assume an allowance of 16 percent of job..
Suppose the French suddenly develop a strong taste for California wines. Answer the Following with words and a Diagram: a. What happens to the demand for dollars in the market for foreign-currency exchange
Prior to opening his hardware shop Bob worked as an investment banker earning $175,000 each year. He pays his employees $150,000 per year.
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