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Question: If government purchases increased by $20 billion, other things being equal, what would be the resulting change in aggregate demand, and how much of that change would be a change in consumption, if the MPC were
a. 1/3?
b. 1/2?
c. 2/3?
d. 3/4?
e. 4/5?
If average product is increasing, marginal product must be less than average product. If marginal product is negative, average product must be negative.
Provide three examples of scarcity that illustrate why even the 1,210 billionaires in the world face scarcity.
Cause the aggregate demand curve to shift to the right
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using diagrams the likely effect on the market for traditional butcher servicesdraw a diagram that shows the main
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"Exotic" mortgages became popular in part because they allow someone of:
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Assume that the current market wage is $40 and the price of the related product (Po) is$10 per unit. Solve for the equilibrium price and quantity.
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