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1. Suppose that the model of the economy is given by Y=C + I + G + X C= a+ bYd Yd=(1 -t) Y X=g-mY, Where I= $900 billion, G=1,200 billion, and the constants take the following values: a = 220, b= 0.9, t= 0.3, g =500, and m =0.1. a. Show that the value of GDP at the point of spending balance is $ 6,000 billion. Compared with the on page 178 with exogenous net exports, is the multiplier larger or smaller?
each year a large university collects data on average beginning monthly salaries of its business school graduates. a
an economist might say that collage and universatys "produce" education, using facility members and students as inputs. According to this line of reasoning, education is then "consumed" by house holds. Construct a circular-flow diagram like the on..
Why is productivity related to the standard of living In your answer be sure to explain what productivity an standard of living mean. Make a list of things that determine labor productivity.
suppose you have 500 in savings when the price level index is at 100.a if inflation pushes the price level up by 10
a computerized tutorial center at a local college wants to compare two different statistical software programs.nbsp
you recently started working for omicon a commercial real estate developer and have been given a position working
Draw a graph how hot weather affects the market equilibrium pice and quantity of gas - during the Summer of 2012 the US experienced record hot temperatures.
Explain in detail how each of these forces influences the auto industry, and propose how the auto industry should respond or react to each force. Businesses not only respond and react to external forces, but can also attempt to influence them.
consider a solow economy that is on its balanced growth path. assume for simplicity that there is no technological
the widget industry in springfield is competitive with numerous buyers and sellers. consumers dont differentiate among
Compute the cash flow for the 20 years for the cogeneration system as an increment relative to the avoided cost of utility electricity and natural gas
What are the mean earnings of males and females in this sample? Does the regression result support the claim in the news?
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