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1. A open economy has a marginal propensity to import (MPI) equal to 0.2 and a marginal propensity to consume equal to 0.7. What is marginal propensity to save of this economy? *It looks as though enough information has not been provided.*
2. A open economy has a marginal propensity to import (MPI) equal to 0.2 and a marginal propensity to consume equal to 0.7. What is spending multiplier of this economy?
3. A open economy has a marginal propensity to import (MPI) equal to 0.2 and a marginal propensity to consume equal to 0.7. If a tourist comes to this economy and spends the $100 she brought from home, then what will happen to the equilibrium real GDP.
4. A open economy has a marginal propensity to import (MPI) equal to 0.2 and a marginal propensity to consume equal to 0.7. Assume that in an open economy the spending multiplier equals 5, given am MPI of 0.15 and an MPS of 0.05. What would be the spending multiplier in a closed economy.?
The UAW labor contract with General Dynamics expired in October 2001. IN the months preceding the expiration date, bargaining teams for the UAW and General Dynamics met to negotiate a new contract.
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Describe unemployment and the unemployment rate. Might we be able to say "Job Stats: Too Good to be True?"
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