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(Fiscal Multipliers) Explain the difference between the government purchases multiplier and the net tax multiplier. If the MPC falls, what happens to the tax multiplier?
A manufacture has been selling 1700 television sets a week at 420dollars each. A market survey indicates that for each 21 -dollarrebate offered to a buyer, the number of sets sold will increase by210 per week.
When the price of gas in Italy is $5 per gallon, Joe consumes 1,000 gallons per year. The price rises to $5.50 and, to offset the harm to Joe, the Italian government gives him a cash transfer of $500 a year. Will Joe be better or worse off after t..
A sheet of silicon contains 100 microprocessors all of which are the same size and type. The production process generates 20 imperfections on each sheet. 1) What is the probability that a microprocessor will have 0 imperfections
Are earnings functions different for males and females? Using your EAEF data set, regress LGEARN on S, ASVABC, ETHBLACK, and ETHHISP (do not include MALE). Repeat the regression using only the male respondents. Repeat it again using only the femal..
What will happen to average total costs in the loge run?
Suppose a randome experiment can be represented by 2 sets of events ,Aiand Bj ,with each pair of sub events (A1andA2,andB1,andB2) being mutually exclusive and collectively exhaustive. Find the conditional probabilities
Assume that current wind farms produce 2.5 W/m2. Succinctly explain whether you would expect the average power per square meter of wind farms to rise or fall as the production of wind energy expands to, say, 10% of our primary energy consumption...
The Morton Company produces and sells two products, A and B. Following financial data on the products is available: Product A Product B Selling price $10.00 $12,00 Variable costs $5.00 $10.00 Fixed costs $2000.00 $600.00 Machining time 0.5 hrs 0.25 h..
U(Y, l) = Y^1/2 l^1/2, where Y= income, l= leisure hours, w= wage rate, price of Y =$1, NL is non-wage income and T is the maximum number of hours available. Let ‘t' be the tax rate on the hourly wage rate, so the effective wage rate is w(1-t) = w..
Does this matter? Why? How does this differ from shareholding Western corporate managers? How does it differ from Soviet-style "Red directors" whose main task is the fulfillment of state plans?
consider the maximization problem u(c,l) subject to pc + wl = wT + Y, where c is consumption, l is leisure time, T is total time endowment, and Y is non-wage income. prove that if leisure is an inferior good then the labor supply function is upwar..
the town of cinecity has two residents spielberg and lucas. the town currently funds its free outdoor movie projections
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