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1. Suppose that government policymakers decide that they will change taxes to raise aggregate output by $400 billion, and mpc=0.5. By how much will taxes have to be changed?
In spite of significant price increases for gasoline in the last two years, the amount of gasoline consumed has not decreased a lot--does this mean that gasoline is an exception to the law of demand.
Ceteris paribus, Diet Cola Brand X and Diet Cola Brand Y are substitutes in consumption. The price of Diet Cola Brand Y falls.
What are your thoughts pertaining to immigration and the U.S. economy - Compose a paper that clearly presents your critical analysis of the controversy about the state of U.S. education, in particular pre-college education.
Due to a slow economy, business has been slow and you are losing money every month. The owners have asked you whether to continue operations or to shut down at least until the economy improves.
How much cloth and food will the economy produce after this increase in its capital supply? F. Describe how the allocation of machine-hours and work-hours between the cloth and food sectors changes. Do those changes confirm with the changes descri..
suppose that france and austrailia both produce fish and wine.frances oppurtunity cost of proucing a bottle of wine is
Calculate the velocity of money in 2007 and 2014 - Suppose the velocity of money remained constant between 2007 and 2014 and that real GDP in 2014 was equal to its actual value. What would be the value of the GDP deflator?
Describe how an open market sale of T-Bills, carried out by the central bank, affects interest rates, the banking system and real economic activity
a software company has developed a statistical package that can perform advanced and high level procedures as well as
How many minutes will the average consumer spends travelling to another ATM machine and what is the resulting non-pecuniary price of an ATM transaction?
Mick and Kelly are deciding how to split their time between writing music and lyrics for their new album. Their PPFs for 72 hours of work are shown below. . Mick and Kelly have to write music for 8 songs and lyrics for 12 songs (4 songs already h..
During the last 10 years Orlando, Florida, grew rapidly, with new jobs luring young people into the area. Despite increases in population and income growth that expanded demand for housing, the of price of existing houses barely increases. Why? Illus..
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