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On the planet Omicron Persei 8, government spending is $1000, net taxes are $1200, as well as planned investment is $1400. Consumers spend according to the equation C = 100 + 0.8Yd, where Yd represents disposable income. Given this information, fill out the table below to determine which of the output levels represents a macroeconomic equilibrium, and then answer the questions that follow.
Draw a graph of the market for chewing gum. What are the equilibrium price and quantity? Mark the equilibrium price and quantity in the graph.
The law of demand states that other things equal
Assume that during the last month of the tenth year of ownership, the property in Problem 2 is sold for 1,500,000. Assume also that the seller incurs transaction costs equalling 6 % of the sales price.
Trace out exactly where this 100 increase in income goes in the second round and compare to our simpler treatment with a closed economy and lump sum taxes.
The water is identical in the two sizes and John gets no utility from the containers themselves, only from the water.
Caught up in broad social and economic disaster that swept the Mediterranean basin during the twelfth century BCE, what seems to have happened to the civilization of people.
What would the' peso- dollar exchange rate be if purchasing-power parity holds? If a monetary expansion caused all prices in Mexico to double, so that soda rose.
How much Wyandotte have to decrease the price of polyol to attain a 15% increase in the quantity sold.
When you purchase and eat a hamburger, no one else can eat the same hamburger. When you download a file on the Internet, the file is still available.
An open economy with a fixed exchange rate follow a money growth rule successfully if capital moved freely across its borders..
Are the assumptions the same as under a simple linear regression. What does TSLS imply about the data if a strong F is found.
In what industry will a given percentage increase in production workers result in the largest percentage increase in output.
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