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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.
in the keynesian cross assume that the consumption function is given by c=200+0.75(y-t). given planned investment is 100, government purchases and taxes are both 100. then what i
In 1999 Mercedes-Benz USA adopted a new pricing policy, which it called NFP (negotiation-free process), that sought to eliminate price negotiations between customers and new-car de
Filbert and Lychee have convex indifference curves. Note Filbert is indifferent between baskets (3, 2) and (4, 1)--these are x, y coordinates. Lychee is indifferent between baskets
Q. Explain the basic characteristics of IS-curve? IS-LM diagram IS-curve The IS curve shows all combinations of R and Y where the goods marketis in
Export Promotion Measures: While a number of existing export promotion schemes such as incentive related to Duty Free Replenishment Certificate (DFRC), Duty Entitlement Pa
example on the calculation of IS LM Curve?
Define the Consumer Prices Index Every month, the Office for National Statistics (ONS) collects information on about 120,000 prices for a 'shopping basket' of about 650 goods a
is/lm curve
Explain modern theory of rent eith diagrams and defination
1) Assume that the production function for New Zealand is given by Y = AK0.57L0.43, where Y is real GDP (in 2000 constant dollars), K is real capital stock, L is labour. The parame
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