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Suppose the consumption function is given as C=1000+0.6Y. Calculate the government spending multiplier. If the government increases its spending by 30,000, by how much is GDP going to increase?
With examples, outline the various discussions of the types of PLCs shown in the attached files.
Fixed cost for a hot water line per meter of pipe is $100X+$250 per year. The cost for loss of heat from the pipe per meter is $5.4X^-2 per year. Here, X represents the thickness of insulation inmeters, and X is a continuous design variable. What is ..
Locke and Jefferson wrote about "natural rights," something we as Americans hold dear. Combined with these rights are responsibilities. What responsibilities go along with the rights of: (1) free speech; (2) bearing arms; and, (3) a democratic societ..
describe: 1. the characteristics of private property; 2. two other property rights arrangements; 3. at least three policies or institutional arrangements that have been developed to address property rights challenges in natural resource management.
Suppose you had to explain to a person on the street (who is not an economist) why a current account deficit must be accompanied by a capital and financial account surplus. What would you say?
Television production requires 100 hours of labor and 20 acres of land. Rice, on the other hand, requires 2 hour of labor and 4 acres of land for every pound of rice produced. What is the pattern of trade between these countries as predicted by the H..
Consider ergonomic hazards associated with the operation of pneumatic impact wrenches in a vehicle maintenance facility.
Fill in the blanks most appropriately: In class we discussed the claim by Amazon that demand in the ebook market is elastic for a price decrease from $14.99 to $9.99 per ebook. If this is true, RAISING ebook prices will____________ ebook revenue for ..
One reason that we converted the basic production function as specified by Robert Solow, Y = F(K,L) to the form y = f(k), where y and k represent Y/L and K/L, respectively, is that this form:
Assume the economy is initially in equilibrium, and then firms expect future total factor productivity to decrease. Using the New Keynesian Model framework: Explain and show graphically the impacts of this event on the goods and money markets.
A company borrowed $200,000 at an interest rate of 10% compounded annually over five years. The loan will be repaid in installments at the end of each year in the amounts of: What will be the size of the last payment in year 5 that will pay off the l..
During the recent 2007-2009 economic contraction, nominal interest rates fell to nearly 0%while the rate of inflation remained positive. What happened to the real interest rate? How would this movement in the real interest rate affect decisions to sa..
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