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Suppose the consumption expenditure is C = $100 billion + 0.9*Y. Investment (I) is $100 billion, government spending (G) is $50 billion and exports (X) are $100 billion. Imports depend on the level of income as follows: M = 0.1*Y.
a) Calculate the equilibrium level of income for this economy! What is the value of multiplier?
b) Suppose the marginal propensity to consume (MPC) decreases to 0.8. How would this affect the equilibrium in the economy?
c) What would be the effect on the multiplier if in addition to the change in b), the import function becomes M = 0.15*Y (i.e. people now spend a bigger share of their income on imports)?
Where P is the price, in dollars, of a cubic yard of concrete and Q is the number of cubic yards sold per year. Suppose that Kalamazoo's marginal cost is $20 per cubic yard and its avoidable fixed cost is $100,000 per year. what is its profit-maximiz..
indicate for each price whether the firm will produce, shut down, or be indifferent between the two in the short run, and whether it will make a profit, suffer a loss, or break even.
Compute the price elasticity of demand for paint and show your calculations. b) Decide whetherthe demand for paint is elastic, unitary elastic, or inelastic. c) Explain your reasoning and interpret your results
The General Manager (GM) of a car dealership is working on a three year business plan. The GM expects inflation to rise over the next three years.
Calculate the Golden Rule level of capital per effective worker and the saving rate associate with this steady state.
Assume that the nation is not large enough to affect the world price. Illustrate the effects of a tariff on imports.
What can you determine about consumer demand for your product from this information.
elucidate only the effect of recession on the country. Due to floods a country suffered from recession but gradual triggered growth in the manufacturing sector in the following years.
q.in 1950s mahjong was illegal in taiwan. given the enjoyment of playing such a fun game this is surely inefficient.
Illustrate how fast will his production and consumption grow over time. Compute the consumption of the farmer in each of the first five years under plans.
f the money supply is Ms1 and the goal of the monetary authorities is full-employment output Qf, they should:
Conclude which of these three countries would be the best choice also support your answer.
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