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1. Suppose that: C = 500 + 0.8Y I = 900 G = 800 There are no taxes, and there is no international trade. A) Solve for the AE function and draw it on a graph with AE on the vertical axis and Y on the horizontal axis. Include a 45 degree reference line. B) Solve for equilibrium GDP and label it on your graph. C) Now suppose investment declines by 50, to 850. Draw the new AE curve, solve for the new equilibrium and label it. D) Explain in words why equilibrium GDP changes in (C) by more than the change in investment.
Assume an airline flying on the New York - Chicago route has estimated the demand curves for three different types of customers: business (no advance purchase), leisure (7 day advance purchase), and discount (14 day advance purchase) travelers.
different products have different demand elasticity. define elasticity. heart medication for example is inelastic and
Interpret the components of mathematical equations that explain the linear programming problem for each of the following:
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Cypress River Landscape Supply is a large wholesale supplier of landscaping materials in Georgia. Cypress River's sales vary seasonally; sales tend to be higher in the spring months than in other months.
In 1987, Lowell Wilson, the plant superintendent, hired Youngstown Security Patrol, Inc. (YSP), a security company, to guard Greif property and "deter thieves and vandals." Some YSP security guards, as Wilson knew, carried firearms.
A formal study of 3-branches of government and the way they effect intergovernmental relations necessarily focuses on executive, legislative, and judicial branches.
Think the single-index model. The alpha of a stock is 0 percent. The expected return on the market is 12 percent. The risk-free rate of return is 6 percent.
International data show a positive correlation between income per person and the health of the population. How might the relative importance of two hypotheses be relevant for public policy
gillettes shareholders chairman and ceo james kilts indicated despite several new product launches gillettes
Building upon the annotated bibliography and literature review section requires the description of the data that will be used to conduct your study, outline the plan to operationalize the variables in the study, and described how to test the hypoth..
Find the comparative statics for an increase in the sales tax, namely y^s/s and p^s/s , and provide an economic interpretation of them. What is the economic interpretation of an increase in the parameter a? You might want to plot the demand functi..
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