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Suppose C = 100 + 0.7 Y, G = 50, I = 120
In a closed economy Y = C + I + G
(a) What is the equilibrium level of Y ?
(b) What happens if the level of consumption becomes C = 130 + 0.7 Y?
(c) What happens if the level of consumption becomes C = 120 + 0.85 Y? Illustrate your answers using the Keynesian cross diagram.
If the available amount of raw materials and labor are 13,400 pounds and 7,800 h, determine the outputs of A and B.
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While industrialised countries manufacturing tariffs have been cut significantly as a result of the past GATT rounds, agriculture remains heavily protected in many countries. Briefly discuss the welfare effects on domestic and international consumers..
What is a normal profit and what is an economic profit? Explain your answer using examples. Are normal profits being earned in this example? Are economic profits present for this firm in this example? Explain your answers.
What recommendation would you have for each state to maximize revenue?
prepare a two- to three-page paper in apa style sixth edition format that describes explains addresses and answers the
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A single price monopoly has a marginal revenue curve that is
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