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If income increases by $10,000, government purchases are fixed at $1,000, investment spending is fixed at $2,000, net exports are fixed at $500, and the marginal propensity to consume is 0.70, by how much does aggregate expenditure increase?
Long run average costs rise as output increases if and only if the production function is homogeneous of degree p?(0,1). True or false? Explain your answer.
Information Technology (IT) has been around for a long time but most health care organizations have not embraced information technology as much as most other industries. Discuss this issue as it relates to your organization. Given the material in..
What are the major factors that determine investment and what impact does each have on aggregate demand?
large-scale wars typically bring a suspension of international trading and financial activities. exchange rates lose
The owner of Michaels Prints a firm that prints business cards tell you that as a result of an increase in the wage rate of printer operators he has reduced the amount of output he produces and the amount of capital he uses how should you respond
An insurance company checks police records on 588 accidents selected at random and notes that teenagers were at the wheel in 96 of them. Construct the 95 percent confidence interval for the percentage of all auto accidents that involve teenage driver..
why are market based solutions to economic problems preferable to others?why is the supply curve positively
what are the problems with inflation itself? be specific. is the real inflation that consumers have in their real-life
If nominal wages and productivity increase by the same amount throughout the macroeconomy, would you expect aggregate supply to increase, decrease, or stay the same? What if productivity increases more than nominal wages
The challenge that each country is facing is to ensure that trading is going to influence more production within the domestic economy. In the US, we have a trade deficit, which means that we import more than we export. How do you think the US economy..
what is the effect of the equilibrium price and quantity of orange juice of the following events if they occur one at a
A corporation purchased a machine for $60,000 five years ago. It had an estimated life of 10 years and an estimated salvage value of $9,000. The current book value of this machine is $12,500. If the current market value is $30,000 and the effective i..
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