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How much does GDP rise in each of the following scenarios:
1. During a recession, the government raises unemploymemnt benefits by $100 million.
2. A new US airline purchases and imports $50 million worth of airplanes from the European company airbus.
3. A new European airline purchases $50 millin worth of airplanes from the American company Boeing.
4. A store buys $100,000 of chocolate from Belgium and sells it to it's consumers in the United States for $125,00.
The price and quantity of lumber and other building materials has gone up recently. Show graphically and explain what might have caused this.
Explain what convex indifference curves means in terms of marginal utility. What properties must a utility function have in order to obtain convex indifference curves?
Scope of Economics
The financial crisis that hit the United States first and then the world economy starting in fall 2007 meant that the future prospects of many firms looked gloomy at best for some
Pucker Lemonade, Inc., is a small company that produces bottled lemonade. Pucker's fixed cost includes the monthly rental cost of the lemon-smashing machines, the bottling machines
The AD curve is the aggregate demand The AD curve is the aggregate demand as a function of P whenthe goods and money market are both in equilibrium
what are the purposes of taxation?
Some charge that the Crisis of 2008 was caused by the "greed" of Wall Street firms and other bankers. Do you agree with this view? Do you think there was more greed on Wall Street
What is the relationship between deposit multipier,Credit Multiplier and Deposit multiplier?
Knowing that a neoclassical, capitalist economy depends on continuous economic growth (by making its production, distribution, and consumption more efficient), what might a savvy p
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