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Thinking about modifications in the model again: Go back to the original model again, but add a marginal propensity to invest, this is, assume that I = f ( i and Y). The MPI is defined as ?I/?Y and has a positive value. Will this increase, decrease or not affect the value of the government expenditures multiplier? Explain! 10. Now if we assume (more realistically) that tax collections are related to the level of income, that is, rather than assuming Tx = Txo, we assume that Tx = To + tY where t is the tax rate, what will that change do to the magnitude of the investment multiplier? Explain.
Using concepts we have discussed in class, discuss the effect of having a minimum wage. The minimum wage raises workers’ wage above the equilibrium wage.
in akron ohio the movie market is monopolistically competitive. the demand function for daily attendance and the
consider an c the production function is unspecified but we know that the theory of distribution todwpmpn holds.
Suppose you manage a United States based firm that makes shoe laces that you sell in a highly competitive market your shoe laces are considered a standardized commodity through your consumers
your son is graduating from high school and is about to enter the work force. he has developed a strong curiosity about
Based on their public statements, many policy makers would support government regulation of oil markets in order to compensate for the exhaustibility of oil as a resource. Is this reasonable from an economic stand point.
Calculate John's maximum daily profit and what is John's supply curve? Mathematically represent and then explain.
the federal reserve board of governors recently changed the reporting of its stance on monetary policy from what they
debbie listens only to frank zappa or weird al yankovic. she currently buys 10 zappa and 20 yankovic downloads per
Suppose the formerly competing ?rms in question 3 form an employers' association that hires labour as a monopsonist would. Describe verbally the effect on wage rates and employment. showing the monopsonistic wage rate and employment level as W2an..
Keeping in mind that one must take off work to complete the task who has the lowest oppurtunity cost of completing the task.' Sam, Both have the same identical cost, Teresa.
1. a perfectly competitive market arises whena the market demand is small relative to the output of a firmb there are
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