What happens to equilibrium gdp

Assignment Help Basic Computer Science
Reference no: EM131961885

President Bush is successful in passing a $5 billion tax cut. Assume that taxes are fixed, the economy is closed, and the marginal propensity to consume is 0.75. What happens to equilibrium GDP? A) There is a $15 billion increase in equilibrium GDP. B) There is a $20 billion decrease in equilibrium GDP. C) There is a $20 billion increase in equilibrium GDP. D) There is a $15 billion decrease in equilibrium GDP.

Reference no: EM131961885

Questions Cloud

Level of output that maximizes profits : If the level of output that maximizes profits is the same level of output that maximizes revenues, then the marginal cost of this good is zero. Why?
Why do you think facial reconstruction is important : What role do you think technology has played in improving facial reconstruction techniques? Provide an example to support your argument.
Marginal revenue is less than price for firm : If a firm is facing an always decreasing average total cost curve, and a downward sloping demand curve, then it must be the case that the marginal revenue
What injuries may exist in each case : This is your first death scene. You are having difficulty identifying the wounds on the body.
What happens to equilibrium gdp : President Bush is successful in passing a $5 billion tax cut. Assume that taxes are fixed, the economy is closed, and the marginal propensity
Is the bank liable for the janitors negligence : Additionally, note that under the doctrine of respondeat superior the bank WILL be liable for any potential negligence of the janitor employee.
Explain the effects of fiscal policies on the economy : Explain the effects of fiscal policies on the economy"s production and employment. How do changes in government spending and/or taxes
How the new product provides a competitive advantage : Understanding the various phases of a product or service lifecycle is critical when addressing a market. If your product is in decline and the competitor's.
What affirmative defenses can johnny raise : The elements of embezzlement in this state are: The intentional taking of money or property by a CEO or other top official in a corporation without consent.

Reviews

Write a Review

Basic Computer Science Questions & Answers

  Who is correctly saving their files to a cd

When prompted, Mary Ann will click on Burn files to disc, indicate how she'll use the files, click on Burn to disc, and indicate the recording speed. Who is correctly saving their files to a CD?

  Consequences of designing a system

What are the short term and long term consequences of designing a system with contract-to-logic coupling? What are the effects on the service itself and what are the effects on the overall service inventory when this occurs?

  Explain order processing program to keep track

You're asked to implement an Order Processing program to keep track of orders for customers and process them if needed. The program will read a text file containing customer orders in arbitrary order and then process them Class Design

  List the name and type of cable you will use it and location

List the Security devices and software we need it to protect the network5-Submit the network design proposal, whichcontains the proposed solution, network diagram.

  Graph the histogram associated with the random variable x

Find the value assigned to each outcome of the experiment by the random variable X.

  Will you create an entity-relationship diagram

After you perform fact-finding, you begin to work on the model. What diagrams will you create, and why? Will you use DFDs, object models, or both? Will you create an entity-relationship diagram? Explain your answers.

  Create a start schema model

Imagine that you are a senior data warehouse architect for LECAL Corporation.  Your company has been contracted by the U.S. Department of Education to develop a data warehouse which will track student performance on a series of planned nationwide ..

  What specific data about the entities will need to be stored

The system will need to record data about what entities? What specific data about the entities will need to be stored?

  Data marts and data mining

What are the steps necessary to create a data mart? Why are data marts and data mining helpful?

  Write a script that creates and calls a stored function name

2 . Write a script that creates and calls a stored function named discount_price that calculates the discount price of an item in the Order_Items table (discount amount subtracted from item price). To do that, this function should accept one paramete..

  Importance of media relations

What is the importance of media relations during terrorist events and what can go wrong if the media is not used appropriate in these events?

  Determine the tail length for each stream element

Suppose our stream consists of the integers 3, 1, 4, 1, 5, 9, 2, 6, 5. Our hash functions will all be of the form h(x) = ax+ b mod 32 for some a and b. You should treat the result as a 5-bit binary integer.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd