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Suppose C=50+0.8Y I=70 G=200 TR=100 t=0.2.
a) Calculate the multiplier and the level of equilibrium income
b) calculating the budget surplus (SP)
c) Assume that t rises to 0.25. What's the new equilibrium income and the new multiplier?
d) Calculate the variation of the budget surplus, would the variation of the surplus be higher or lower if c = 0.9 instead of 0.8.
Assume that the position of a contry's long-run aggregate supply curve has not changed, but its long-run equilibrium price level has increased.
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Tables John Walker is a regional sales representative for Jiffy Mowers Inc. and sells lawn mowers to stores in the Tri State area. Construct a table showing Walkers marginal sales per day in each state.
As per much of the rest of the world remained characterized by low rates of economic growth.
Explain these concepts address Google's opportunities and problems. What are some political and economic policies affecting Google and how do they influence decision-making.
Determine which of the following is not one of the basic preconditions for economic growth?
Illustrate what are the concerns of common citizens on personal data such as medical transcriptions and credit card information in a foreign country where there are less stringent regulations on privacy.
The citizens of Balaland used to pave 120 miles of roadways each year. After government of Balaland start paving 100 miles of roadways each year itself,
Please Analyze the supply and demand of goods or service of Subway restaurant, think what your Subway produces. Determine some things that would change the demand for their product?
Capital and labor are perfect complements in production for this firm - production process
For an unknown reason, aliens kidnapped all immigrants residing in the US. One morning America wakes up and finds that the only people left in the country are American citizens, while all legal and illegal immigrants are gone.
Is it wrong to use the total income test for elasticity, when there is a direct relationship between price and total revenue the demand is elastic.
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