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Given:
C = 2000 + 0.8Yd
I = 400
Yf = 14000
1. What is the equilibrium level of income?
2. Is there an inflationary or a deflationary gap? Why? What is its magnitude?
3. What is the value of the government expenditures multiplier?
4. What is the value of G that would move the economy to full employment at Yf?
5. What is the resulting budgetary deficit?
6. What is the multiplier for a lump-sum tax?
7. What is the balanced-budget multiplier?
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The coefficient of determination for a regression relationship defined through Y = a + bX is 81 percent.
Using the similar 6-economic indicators selected for your Industry Overview Paper, differentiate at least two year forecasts from two separate sources,
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How much excess reserve does the deposit generate for the bank?(b). What is the maximum amount of new money that can be created in the banking system as a result of this deposit? Show all work. (c.) What is the Discount Rate in the banking system?
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Determine what should you do to maximize benefits with respect to values after you acquire a substitute product. Which values should you change more?
A consumer of two goods faces positive prices for both goods and has positive income. Her preferences over consumption of good 1 and good 2 are represented by the following utility function: u(x1; x2) = min {2x1 + x2; x1 + 2x2}
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