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An increase in government spending would shift the IS curve to the right—and shift it by the amount indicated by the Keynesian multiplier formula--for however we have written/specified the model
When demand changes and when quantity demanded? Explain the difference? Bring an example and explain which demand determinant you are talking about? Bring an example of production.
Suppose an individual has the following utility function defined over wealth: U = U(√wealth). The individual has an initial wealth level of $20,000. What is the expected loss? What is the maximum amount this individual is willing to pay for insurance..
Do multinational Company exploit host countries that covet technologies and entrepreneurial skills that the multinationals provide?
altering of the interest rate to change aggregate demand. Fact that equal increases in government spending and taxation will be contractionary.
Examples of Variable Cost are. Salvage value is always included in the B/C calculation as:
Consider two competitive consumers who have the same endowment, with positive current income plotted on the horizontal axis and positive future income on the vertical axis. Each consumer’s current income is taxed at the rate t1 and future income is t..
IF marginal product of capital is 4000, and marginal product of labor is 100, if wage rate is $10 and rental price of over is $500, costs do not appear to be minimaized. they are getting more output for each dollar would the Firm would increase quant..
Explain how each of the following will affect the average fixed cost, average variable cost, average total cost, and marginal cost curves faced by a steel manufacturer: New union agreement increases hourly pay. Local government imposes an annual lump..
Explain how businesses maximize profits in a perfectly competitive market. Comment on the benefits to consumers in such as market.
Within the past 5 years a certain country ended its almost 2-year peg (fixed) of its own currency to the US dollar. What country was this? What year did it end? Why did it end its fix to the US dollar?
In oral or English Auctions, the highest bidder wins but only has to outbid the second highest bidder. Does this concept make sense to you? What bidding experiences have you participated in?
Answer the Question on the basis of the following Census data. Which of the above distributions is closest to describing the United States? A, B, C, or D.
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