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a) If consumers decrease their spending by 80$ whenever their disposable income falls by 100$, what is the numerical value of the marginal propensity to consume?
b) What is the numerical value of the multiplier?
c) Using the answers from part(b), if the government raises its spending by 1000$, by how much will output rise?
the british phonographic recordingindustry is comprised of record labels that produce promote and distribute recorded
1. What do you think will be the basic problem of financing Social Security in the next 25 to 30 years 2. What would be the benefits of an open, free market for human organs 3. What do you think of a recommendation to privatize Social Security
select an organization with which you are familiar or in which you are interested that provides a private good or
Martha is preparing for exams in economics and sociology. She has time to read 40 pages of economics and 30 pages of sociology. In the same amount of time she could also read 30 pages of economics and 60 pages of sociology.
Our politicians frequently discuss what we need to do with respect to immigration reforms in this country. Some critics, however, suggest that a focus on legal reforms will not impact the situation significantly
choose and research a specific business that is publicly traded where there has been a pattern of change in a
Explain what is meant by diminishing returns. From these costs curves explain when diminishing return sets in? Why and explain the relationship between ATC, AVC and AFC.
Answer the following scenario thoroughly utilizing key terms and concepts covered in the previous units reflecting full understanding of the concept of macro economics as it relates to the scenario described. Provide examples and clear rationaliza..
What is the new money supply and price level if banks loan out all excess reserves, people hold no currency and the fed buys 10 billion in gov't bonds from the public considering:
a firm that is perfectly competitive in product and factor markets has the following proshyduction
What is an "oligopoly" and why do they exist? Mention three or four oligopolies whose products you own or regularly purchase.
If an economy is in a recession, what would expansionary fiscal policy do?
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