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Consider a hypothetical economy in which the marginal propensity to consume (MPC) is 0.84. Suppose that in Year 1, disposable income in the economy was $412 billion and consumption was $368 billion. Suppose further that in Year 2, disposable income is $540 billion. Calculate the level of saving in Year 2. Show your work. (Show your work to earn credits. No Work, No Credit.)
In many industries, such as supermarkets, banks, cell phonecompanies, etc., because of mergers our choices as consumers arereduced to two or three competitors. Do you think thisis good for the economy
What is in your opinion the reason for at least ONE of the two recessions. Can you find an explanation for the "roots" of the recession?
There is a stretch of I-81 in Virginia where there is a single cellular carrier that has roaming charges for any cell phone calls made in its territory. It is the only cellular carrier in that territory, and it is confident that no other cellular ..
What are some criticisms regarding the neoclassical theory based on this following statement:
a. a nation with fixed quantities of resources is able to produce any of the following combinations of bread and ovens
Distinguish between a customs union and a common market. Explain why there has been a growth in the underground economy of the United States.
Why is social stratification Universal? What shifts in global stratification seems to be taking place? Why?
Please tell me what is the typical error in Recardo's argument?
You may also conduct an Internet search and select another dead economist, with instructor approval. Write a 2- to 3-page paper (not counting the cover page or the references page) in which you address the following:
The problem is related to economics, mainly to macroeconomics and it is explains the Changes in currency supply and demand can be traced back to changes in fundamental supply and demand in foreign and domestic.
Describe the wage-employment outcome in a model of monopoly unionism. Explain why (and in what sense) this wage-employment outcome is inefficient.
Derive each consumer's lifetime budget constraint and state the consumer's problem? What are the conditions which define the consumer's optimal choice
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