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Jesus told us not to worry about tomorrow because we are to focus on today and we are not promised tomorrow. (Mt. 6:34) Does this mean we should spend as much as we want and not save any for the future? Explain.
The government budget is balanced, with government purchases and taxes both fixed at $1,000. Net exports are $100. Investment is $600. Find equilibrium GDP. What is the multiplier for this economy?
Show graphically what happens in the short-run and in the long-run. Be sure to label your graph correctly for full credit. Write the graph clearly and neatly. If you want to, describe what happens too.
Nominal GDP in a country was $8,759.9 billion in 2003 & $9,254.6 billion in 2004. The price index was 102.86 for 2003 & 104.37 for 2004.
what determines a nation's real aggregate income According to the classical model of income determination, what determines a nation's real aggregate income What accounts for the difference between the two models
How might a developing countrys decision to reduce trade restrictions such as import tariffs affect its ability to borrow in the world capital market?
discuss how opportunity costs relate to japans cleanup efforts after the devastating earthquaketsunami of march 2011.
Redraw the Demand curve (only) in a new diagram. Demonstrate the Total Revenue change geometrically and indicate the Loss and Gain areas between the prices of $6 and $2 (Price has moved UP from $2 to $6).
Assume there are two types of consumers: type A consumers have a demand Q = 10 ? P for widgets, and consumers of type B have a demand Q = 5 ? P. Assume that there are 10 consumers of each type. (a) Calculate the market demand.
A company finds there is a sudden increase in the demand for its product. In the short run, it must operate longer hours and pay higher overtime wage costs.
Other writers have found consumer behaviour in certain circumstances that appears haphazard, disorderly or opportunistic (Erasmus,Boshoff et al. 2001). What depicts the general unreliability of these observations?
Evaluate the role and the effectiveness of the Federal Reserve in stabilizing the current economy - Determine which economic indicators the Federal Reserve should analyze so it can better stabilize this particular economy.
Major multinational companies such as Acme attempt to track the relative movements and magnitudes of global capital investment.
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