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Why other countries have high MPC and also have low maltiplier while the role says the higher the MPC the higher the maltiplier?
Assume that the home country experiences technological growth in the X sector such that α increases to 12. Describe the impact on the free trade price, the pattern of trade and gains from trade.
Each of the following situations contains an assumption about price elasticity of demand. What is the assumption? For each situation state whether the assumption is accurate and explain your reasoning.
It costs $2600 to insulate a factory. Next year, the fuel savings will be $220. Every year after this, the expense of fuel is expected to increase by the rate g.
Economist George Stigler once wrote that, according to consumer theory, "if consumers do not buy less of a commodity when their incomes rise, they will surely buy less when the price of the commodity rises."
Academic response to Required Rate of return. Calculate the required rate of return.
What is the equilibrium real GDP without investment? What is the multiplier effect from the inclusion of investment? What is the average propensity to consume at equilibrium real GDP?
Formulate this as a game on normalform. Find the Bi-matrix. Do there exists a Nash equilibrium in pure strategies of this game?
Domestic producer and government are the ones who gains when implementing tariff. Why government gains when tariff is implemented?
Bada Bing, Limited. supplies standard 256 MB RAM chips to the US computer and electronics industry. Like output of its competitors, Bada Bings Chips must meet strict size, shape, and speed specifications.
The truth is out there. Echoed many times, the proposition that the truth is out there contains great weight when pondering whether there is or is not an absolute truth in the universe. Discuss the following points:
Calculate a cost function from a production function and explain how economic costs differ from accounting costs.
question 1draw a correctly labeled loanable funds graph that shows what happens to real interest rates for each of the
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