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Assignment:
Answer the following question:
(a) Using the Keynesian Cross, explain how a tax increase, ?T, affects nation income. Using the appropriate multiplier, what is the magnitude of the change in national income, ?Y. What is the change in consumption and the change in investment?
Explain. (Hint: for investment, what are we treating as exogenous in this model?)
(b) Use the IS-LM model to analyze the effect of the policy in part (a). How does the change in national income compare to what you found in part (a)? What accounts for the difference? How does the change in consumption compare to what you found in part (a)?
GDP (or GDP per capita) is a common measure for a country's standard of living. Discuss the shortcomings of using GDP in this way.
List and explain the difference between these three interest rates:
Describe the relationship between inflation levels in prices and inflation levels for wages and interest rates
Abby consumes only apples. In year 1, red apples cost $1 each, green apples cost $2 each, and Abby buys only 10 red apples. In year 2, red apples cost $2, green apple costs $1, and Abby buys only 10 green apples.
How would you define a "market" in the economics sense of the word? How can a price ceiling imposed on a particular product create a shortage?
Vb project that has ability to calculate the student's grade from the inserted values, that has ability to calculate the calculate the total marks and give remarks and positioning students in ascending order.
a recent poll of 580 working parents found 313 who said they spend too little time with their children because of work
Many automobile manufacturers routinely advertise the safety of their cars, yet airlines generally do not even mention safety in their advertising. Can you suggest an explanation for this difference?
Explain why the usage of content proxy can create a slow loading web site or a completely nonresponsive web site.
suppose prices are determined as a simple mark-up over expected wages p-wea0-a1uassume further that wages are a simple
Assume that the cost data in the table below are for a purely competitive producer:
Identify how you would design training for preparing expatriates for their assignments to India and China if you were in charge of their training prior to the overseas assignment.
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