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Assume that in the year 2025 the US economy is in a recession that would require a $1 Trillion increase in total spending to get back to full employment output. Answer the following questions assuming that the marginal propensity to consume is 0.8. 11. Identify the least amount the government could spend to get the economy back to full employment. Show your work.
You borrow $100,000 to buy a house; if the annual interest rate is 6% and the term of the loan is 20 years, what is the annual payment required to retire the mo
In which ways did local communities by developing the vast amount of geographically dispersed hydro-resources in Norway, contribute to electrifying the nation?
What is the requirement for the first bid to be presented? Please explain the reason.
Two important concepts that our chapter on Foreign policy discusses are the values that drive foreign policy and the specific instruments that are utilized to carry out foreign policy. In the post-9/11 and Afghanistan/Iraq Conflicts era, do you think..
There are four shoppers in a store--A, B, C and D--who sequentially show up at two checkout lines: line number 1 and line number 2. Initially, both checkout lines are empty. A shows up first, sees which line Amy entered, and chooses between the two l..
Define “intra-industry trade” and indicate several reasons why such trade can take place in any given product category. Then indicate the characteristics of a country that might lead you to expect that the country would have a substantial amount of i..
Demand function for tickets for a rock concert has been estimated to be. Determine the values of the price elasticity of demand and the income elasticity of demand.
What are the factors that lead the firms to engage in internalization and how is it different from theory of location?
Large-scale wars typically bring a suspension of international trading and financial activities. Exchange rates lose much of their relevance under these conditions, but once the war is over governments wishing to fix exchange rates face the problem o..
Which of the following market conditions in an oligopoly increase the probability that it will be able to maintain prices well above the competitive market level? Explain your answer briefly in each case.
The appropriate rate of return on this stock is 14 percent per year, and the stock consistently goes ex-dividend 35 days before dividend payment date.
A series of quarterly cash flows starts with a cash flow of $1,000 on April 1,1982, and * expected through July 1,1994. Each cash flow has been $50 greater than the one preceding T^is tncrease expected to continue. Use an interest rate of 16% with qu..
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