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Open-economy AE model with proportional taxes: Consider an AE model with trade in which AE=C +Ip +G + (EX-IM). Consider planned aggregate expenditure model with taxes proportional to income: so that total taxes paid are the tax rate multiplied by output, ty. Assume: planned investment, I = $2 trillion; government spending G = $4 trillion; the tax rate is t =0.20; the consumption function, C= $5 trillion + 0.80((1-t)Y); exports, EX = $2 trillion; imports, IM= 0.04Y .
-What is the equilibrium level of output?
-If GDP initially started at $20 trillion: What would happen to inventories and output?
-At the equilibrium level of output: what are total consumption and savings?
-If government spending increased to $5 trillion, what would be the new level of equilibrium output? What is the government spending multiplier
-Holding everything else constant (and assuming government spending is $4 trillion), if planned investment increased to $3 trillion what would be the new equilibrium level of output?
(Population growth and technology growth) Consider an economy that is described by the production function Y= K^1/2 (LE)^1/ 2. Moreover the depreciation rate of capital is (delta) o = 0.15, the population growth rate is n = 0.05 and the technology gr..
Choose two different rough drafts to evaluate (when possible, please choose the drafts you will review that have not been reviewed by your classmates or that only have one review.
Next, provide a brief account of Valenti's argument. Is her criticism consistent with Chait's thesis?
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Task Your task is to analyse the market for a consumer product Hand sanitizer, You should:
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According to the law of increasing opportunity costs,
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The normal way of filing taxes is to put in a very low number, which starts a protracted series of negotiations, eventually ending up with a higher number being paid. This new bank did not follow this and the Italian authorities assumed it was stated..
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