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Details: C = 350 + 0.75(Y-T) - 200rIp = 200 - 500rG = 250, T = 200, NX = 50r = 5.75%
Answer the following questions using the above information. Show workings.a) Calculate autonomous aggregate demand.b) Calculate the short-run output.c) Calculate the multiplier.d) If Y* is 2500 what is the amount of the gap, and what type of output gap is it?e) What would the interest rate have to be to eliminate the output gap?
Walt Disney World Theme Parks offer tourists a wide variety of ticket options. The one thing these ticket options have in common is that they entail a fixed entrance fees and permit consumers to take as several rides as they wish at no additional cha..
Recall from introductory economics that an raise of $1 in government spending may raise GDP through more than $1. The exact value by which GDP goes up is multiplier.
Assume a company has the following production function: Q = 100 K.5 L1 . Currently, the company hires 1,000 workers and employs 100 units of capital.
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Find any differences in the set of variables used in a regression model of demand for customer durable and a regression model of the demand for fast moving consumer goods
The prices of five computer stocks increased by 37.2 percent, 1,140.0 percent, 2.7 percent, 842.0 percent and 0.95 percent, respectively since 1990.
The Australian government administers two programs that affect the market for cigarettes.
What are the marginal abatement cost functions for each of the two areas? Calculate the loss in the two areas due to over-control (for the rural area) and under-control (for the urban area).
Acme Water is a privately owned firm that is sole supplier of water to a rural town in Pennsylvania. The owner of company has provided the manager of firm an incentive to maximize company's profits,
A student is taking two courses, history & math. The probability the student will pass in the history course is .60 and math is .70. The probability of passing both is .50.
An Economics section at a large university keeps track of its majors beginning salaries. We address the question of the value of taking econometrics
Design a simple econometric research project
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