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In order to financially stimulate the nation, the Federal government injected $900 billion dollars into the economy. However, the results were less than spectacular. One reason could have been a failure to understand the marginal propensity to consume. Assume the marginal propensity to consume (MPC) was only 0.4. How much of that $900 billion went to increased consumption? Where did the rest of the money go?
Increased consumption: ________________________
Where did the rest go? _________________________
Using MPC = 0.4, what is the spending multiplier (the actual numerical value please):
___________________
What was the implied change in income as a result of the stimulus package?
Illustrate what metrics would you propose to help in making the determination. Elucidate what historical data might be useful.
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Monetary cooperation: Please compare the advantages and difficulties for flexible and for fixed exchange rates.
then an initial increase in aggregate demand of $100 billion will eventually shift the aggregate demand curve to the right by.
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consulting project estimation and analysis of demand for fast food meals using the data in table 1 specify a linear
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Suppose you are studying the market for shoes. Two events take place simultaneously. First, price of leather decreases, and second, consumers' income increases. What will happen to the equilibrium price and equilibrium quantity of shoes?
q. suppose the point of tangency that characterizes long-run equilibrium for a monopolistically competitive firm occurs
Boris budgets $9 weekly for his morning coffee with milk. He likes it if it is prepared with 4 parts coffee, 1 part milk. (Milk and coffee are perfect complements here). Coffee costs $1/oz, and milk $0.5/oz. Draw his budget constraint and indifferenc..
There are one large and two small car dealerships in a town. The large dealer begins selling cars way below cost in an attempt to drive the small dealerships out of business. Once they are out of business, the large dealership knows it can raise pric..
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