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Suppose real GDP is currently $12.5 trillion and potential real GDP is $13 trillion. If the president and Congress increased government purchases by $150 billion, what would be the result on the economy if the MPC is .80?
Which country is capital abundant according to the Heckscher-Ohlin theorem? Given your answer to (a), draw the PPF for Canada. Also draw the indifference curve and the relative price line for the no-trade equilibrium.
Operations managers are responsible for assessing consumer wants and needs and selling and promoting the organization's goods or services.
Kim gets a research grant and his income increases to $80 a month. What is the new equation of his budget line? What if income stays constant at $40, and the price of a book increases to $10?
In commercial agreements it is presumed that parties intend to be legally bound unless the parties expressly state the opposite as in a heads of agreement document?
Using Bureau of Labor Statistics and Federal Reserve Bank of St. Louis, choose a key economic indicator. Discuss and explain how the indicator was created and its current value.
The Commonwealth of Pennsylvania is concerned about the dwindling number of family-owned farms and the number of smaller, less efficient farms. In a random sample the total acreage of each farm was recorded. The mean was 1125 acres, with a standar..
1. For all products with a quantity on hand of 100 or more, list their product number, description, and quantity on hand. List the products in alphabetical order by description. Use the default column headings.
To increase tax revenue, the U.S. government in 1932 imposed a 2-cent tax on checks written on bank account deposits. (In today's dollars, this tax would amount to about 34 cents per check.) a. How do you think the check tax affected the currency-..
A paper detailing explain why the US dollar might be replaced as the nation's reserve currency by the Euro or the IMF's Special Drawing Rights.
What codes are assigned for a patient receiving home care after a kidney transplant?
Discuss the objectives and expected outcomes of the requirements workflow of software development. What activities must take place during this workflow? One particular technique presented in class was prototyping:
Illustrate why do the Classical or Monetarist schools of economic thought maintain that monetary stimulus is doomed to be ineffective in the long run.
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