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In the nation of Rivia the long-run macro equilibrium (LAS) is equal to $320 Billion, the current short-run macro equilibrium is equal to $280 Billion. We have also observed that for every dollar of earned income consumers spend $.80 of it.
Calculate the change in government spending that is needed to move the economy back to Y*.
Include a graph. The graph should include the current economic situation and also when the it has been fixed. (Only one graph is needed).
In most developing countries, the empirical studies show that there is extreme inequality in the distribution of education. A small section of the population is very highly educated and the majority of the population has practically no education at..
A group of 10 people have the following annual incomes: $55,000, $30,000, $15,000, $20,000, $35,000, $80,000, $40,000, $45,000, $30,000, $50,000. Calculate the share of total income received by each quintile of this income distribution. Do the top an..
Describe the economic status of South Korea. What types of economic activities are most prominent there? What factors have led to your region's growth or lack thereof?
Proponents said the tax would reduce soda sales and raise money for health and education programs.
Assume that the price of 1 mile is $10 and the price of a unit of all other goods is $1.
You know that you are operating in a monopolistically competitive market, that is, you are a small part of a large market with many competitors in this market. From data collected on the Widget Market, you know that market demand has recently decr..
When a country is forced to buy and sell currency on the international foreign exchange market to maintain its currency's value, what type of exchange rate does it use?
In an Edgeworth box economy with goods x, y, and total endowment of each good of 20, draw out in each case the Pareto set for the following various utility functions of each person:
q.suppose that a citys energy demand is 30 megawatts during off-peak times and 40 megawatts at its peak. the city has
How is government debt related to the government deficit? What factors contribute to a large change in the debt-GDP ratio? Why do economists suggest that tax rates be kept roughly constant over time, rather than alternating between high and low level..
What is the rate of return to an investor in the fund during the year? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Elasticity: The New York Times reported (Feb. 17, 1996) that subway ridership declined after a fare increase: “There were nearly four million fewer riders in December 1995, the first full month after the price of a token increased 25 cents to $1.50, ..
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