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At an initial point on the aggregate demand curve the price level is 125, and real gdp is 10 trillion. when the price level falls to a value of 120, total autonomous expenditures increased by 250 billion. the marginal propensity to consume is 0.75. the level of real GDP at the new point on the aggregate demand curve is ?trillion
A Nash equilibrium is said to occur when,
Explain why does the profit motive does not automatically avoid air pollution in the production of steel and other products.
q1. explain how it is possible for one of two people in a two-good economy to have an absolute advantage in producing
What is the elasticity of its demand with respect to advertising? Now suppose the theater increases the number of its ads to 250. Should the theater increase its price following this ad campaign? Explain.
How large is the money multiplier when the required reserves ratio is 0.10? If the required reserves ratio increases to 0.125, what happens to the money multiplier?
Evaluate the institutionalist economists. Determine which economist you feel made the most significant contribution to economic theory. Justify your selection.
Assume that the demand for Internet advertising is declining at the same time that the number of Internet sites accepting advertising is increasing. Assume the equilibrium price of Internet advertisements is initially P1 and the equilibrium quantity ..
Entrepreneurship has become the new way of doing business in our world. With economies in decline and organizations downsizing and the lack of opportunities that satisfy, entrepreneurship has been born.
Illustrate how much consumer surplus does he receive. What is the highest price you can charge for the "all you can eat" special and still attract customers.
Could a service industry utilize production line approach or self-serve design also still keeps a high customer focus
Assume the price of large gulf shrimp is $18 per pound and that the price of hard shell Maine lobster tails is $36 per pound. Your professor uses ½ pound of lobster or ½ pound of shrimp with various pasta dishes. In a typical month he cooks 4 shrimp/..
Imagine that you have a fixed 30-year interest rate for your mortgage, and the economy has experienced unanticipated inflation.
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