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In a closed economy the marginal propensity to consume is .60 and the marginal propensity to invest is 0.10. What is the size of the multiplier?
Bridget has limited income and consumes only wine and cheese; her current consumption choice is four bottles of wine and 10 pounds of cheese.
A natural monopoly is caused by entry prices being high while operational prices are low. In order for company B to get into the market for processors they have to endure high initial costs which would be where most will flounder.
Elucidate what would have been the economic effects of this. Describe the pros and cons.
Explain how the economy affects the success of the auto industry. Economic influences that can affect the industry in a negative way.
In a speech, Professor Gregory Mankiw contends that our elected federal leaders should raise the gasoline tax. Not quickly, but substantially.
The potentially valid arguments for tariff protection-military self-sufficiency, infant industry protection, and diversification for stability-are also the most easily abused." Why are these arguments susceptible to abuse
You have done some research and believe that the master's degree will add $6,000 per year to your salary for the next 10 years of your working life, starting at the end of this year. From then on, after the next 10 years, it makes no difference.
Explain how each of the following would affect the equilibrium real wage, and equilibrium level of employment. a. A relaxation of immigration laws which leads to a large increase in the number of immigrants entering the country.
Among which method of encouraging growth would one suggest for these typical companies in these 2 countries.
Suppose a government is established in a country where none previously existed. The government spends 80, financed by borrowing, to provide public services. If autonomous consumption plus investment is 210 and the marginal propensity to consume MP..
In this model of society no capital and no wage labor. The commodities are valued based on hours of labor that needed for the production.Based the above the only input that used to find the cost of a commodity is labor.
Provide two terms which you have heard in the mass media, political arena, or in any other venue.
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