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Suppose the marginal propensity to consume is 0,80 and taxes are raised by $50 billion. What will be the impact on equilibrium income? (from a Keynesian position).
Compute the marginal cost in the given case. Illustrate what is the marginal cost with 8 workers to two decimal places.
Elucidate price every ride must the public transportation authority charge to eliminate the deficit if it cannot reduce costs
Illustrate what effect a contractionary fiscal policy have on the price level and real GDP.
What output strategies might US companies implement to remain profitable when competing with international companies? How do market demands, costs, pricing, and competition impact these output strategies?
Which of these would cause the demand curve for bison (American buffalo)
Refer to the following data on the U.S. consumer price index and answer the questions below. a. Compute the inflation rate for each year 1989-2006. b. Which years were years of inflation c. In which years did deflation occur d. In which years did dis..
Discuss the contrasting perspectives on the role of Western expansion in the forma- tion of the modern world economy.
What happens in the market for tablet computers if: the price of monthly data plans required to access the internet everywhere using a tablet computer falls in price?
GDP does not include the value of used goods that are resold. Why would including such transactions make GDP a less informative measure of economic well-being?
What do we meanwhen we say that a firm is a perfect competitor in the productand labor markets? Does it have anything to do with many firmsproducing the same good with the same type of labor?
The United States has a variety of regulations to address the economic harm resulting from monopoly power in an industry. This includes the Sherman Act of 1890, the Clayton Act of 1914, and the Federal Trade Commission Act of 1914. These acts were..
Analyze the roles of physical capital, human capital, technology, and natural resources in influencing long-run economic growth of aggregate output per capita, and how governments can contribute, or discourage long run growth through their policies a..
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