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If in an economy a $120 billion increase in consumption spending creates $120 billion of new income in the first round of the multiplier process and $90 billion in the second round, the multiplier and the marginal propensity to consume will be respectively: a. 5.00 and 0.80; b. 4.00 and 0.75; c. 3.33 and 0.70; d. 2.50 and 0.40. Please show me how this is figured out too.
Is there a surplus or deficit in the government budget at the equilibrium level of income.
How would you design a specific customized compensation plan for Agent-Principal (owners, managers also workers) which would address both increased productivity also decreased turnover.
Which of the subsequent is directly included in the calculation of the GDP?
Opponents of NAFTA point out that pollution is largely a free good in Mexico also that being free to pollute gives industries in Mexico an economic advantage over those in the U.S. also Canada.
Illustrate would the gross receipts of strawberry growers be if the crop turned out to be 30,000 cases.
Suppose that all the necessary conditions exist for the realization of equal wage rates in every market of labor.
What is the output of each firm if they collude to produce the monopoly output? What profit does each firm earn with such collusion.
Why does the assumption of independence of risks matter in the examples of insurance.
How does the standard product of labor change when the industry utilizes 81 units of labor.
Illustrate what is the average labor productivity, in terms of square feet per painter-hour.
Explain how does price elasticity affect the price-quantity combination and segment of the demand curve that the monopolist would prefer for price and output.
what right have we to burden our children and grandchildren with these debts while we live high on the hog. Discuss this
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