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Question1: Suppose autonomous net taxes rise through $500; the marginal propensity to consume=3/4. Net exports, planned investment, taxes, and government purchases are autonomous and remain fixed. As a result, equilibrium real GDP demanded willa. rise by $500b. fall by $500c. rise by $1,500d. fall by $1,500e. rise by $2,000
Question2: Which of the following is not true about classical economists?a. They criticized mercantilism as an economic system.b. They advocated laissez-faire policies to promote economic growth.c. They believed the economy would naturally tend toward full employment.d. They believed prices and wages react slowly to market changes.e. They discouraged government intervention in markets.
Question3: The Classical economists believed in the self-correcting nature of the economic system. They believed that the major adjustment[A] mechanisms was government assistance[B] mechanisms were inflexible wages and prices and flexible interest rates[C] mechanisms were flexible wages, prices and interest rates[D] mechanisms were sticky wages, prices and interest rates[E] mechanisms were inflexible interest rates and flexible wages and prices
Apart from the abundance of these resources, you also see a lot of poverty. Can you provide an economic explanation of why poverty exists
Give a full explanation for your answers, and using a country of your choice for illustration, describe which firms are likely to gain and which firms are likely to lose from:
Illustrate which of the following statements are examples of positive economic analysis. Which are examples of normative analysis.
Which nation has the absolute advantage in the production of tanks. Why is it this country.
Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?
Then the image of a company goes up as graduate students use theorganizations products." Does such action square with a company's objective of profit maximization
The table above demonstrate the prices and quantities of 2-goods produced in a country in 2006 and 2007. These are the only goods produced in the country.
As we know about the own-price elasticity for good x.
Do incumbent politicians utilize their power and influence to get re-elected. Is this a "valid" use of political power. How does this impact business firms. Please discuss.
Val Hawkins borrowed $15,000 at a 14% yearly rate of interest to be repaid over 3 years. The loan is amortized into three equal annual end-of-year payments.
Raymond producing is a privately held corporation; all long-term finances are from the Raymond brothers in the form of equity interests.
When 2-mutually exclusive projects are considered, NPV calculations and IRR calculations may, under certain circumstances, give conflicting recommendations as to which project to accept.
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