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According to the IS-LM model, what happens to the interest rate, income, consumption, and investment under the following circumstances? Support your answer with suitable diagrams.
a) The Central Bank increases the money supply.
b) The government increases government purchases.
c) The government increases taxes.
d) The government increases government purchases and taxes by equal amounts.
Media specialists know that receivers engage in selective retention, and thus have to create broadcasts that will linger with impact. Which of these options are true according to the media research about how receivers information from mass media?
Assume that you were ready to buy a custom tailored dress (or men’s suit) and you are prepared to pay up to $200 for it. Also assume that the tailor is prepared to sell that item of clothing for as little as $100. Discuss any recent purchases you hav..
Substitution and income effects of a change in price of a good may be used to explain the:
State briefly the basic characteristics of pure competition, pure monopoly, monopolistic competition, and oligopoly.
q1. what is the effect on poverty statistics of noncash transfer programs?q2. suppose that in a country the total
you will explain the impact of employment and unemployment in a free market economy. The country of France legislated the maximum length of a workweek. Because Americans tend to work more hours than Europeans, should the US government also legislate ..
Calculate the Equilibrium buyers and sellers price with no sales tax, and then with 20% sales tax. Assume: S(P^-)=50 + 3P^- D(P^+)=370-3P^+
Provide an example of a specific industry that you believe fits the model also elucidate your rationale.
Firms hurt by cheap imports typically argue that restricting trade will save U.S. jobs. What’s wrong with this argument? Are there ever any reasons to support such trade restrictions?
Consider the game of the battle of sexes. How would you modify the payoffs to (F,O) and (O,F) to reflect the following: Namely, the husband is unhappiest when he is at the opera by himself, he is a little happier when he is with his wife at the opera..
Use the IS-LM model to predict the short-run impact on the interest rate and output if the central bank pushes interest rate down at the same time that both consumption and investment fall due to a financial crisis.
Will a monopolist's total revenue be larger with second-degree price discrimination when the batches on which it charges a uniform price are larger or smaller? Why?
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