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1- Aggregate expenditure function of Berberistan is given as: AE=500+0.5 Y
a) What is the slope of the AE line?
b) What is the equilibrium income?
c) What is the value of multiplier?
d) What is the change in the equilibrium income if government spending increases by 100?
e) What is the unplanned change in inventories if firms produce 1200 rather than the equilibrium income?
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How will the equilibrium price and quantity in the market for WHEAT be affected when farmers growing soybeans experience a decrease in the price of soybeans. The big thing that confuses me is if wheat and soybeans are substitute or complimentary pr..
Elucidate if you expect the inflation rate to accelerate if the actual unemployment rate declined to a level lower than the "full employment" unemployment rate.
1. The following table shows for a simple production function.
1. consider an individual facing a wage rate w. theres a total of 100 hours available for work or leisure in a
Below are the list of 12 key terms provided. Create a presentation slide(s) or graphic with a description – including a real world example – that could be used to describe the term to someone unfamiliar with the idea or concept.
in a recent speech the governor of your state announced one of the biggest causes of juvenile delinquency in this state
By writing more notes than the amount of gold held, the goldsmith could lend the notes and charge interest on them. Did the goldsmith bankers make money out of thin air in a form of legal theft What were the main benefits fromt he activities of the..
In a simple economy assume that all income is either compensation of employees or profits. Suppose also that there are no indirect taxes. Compute gross domestic product from the following set of numbers.
Derive the equation for the IS curve, derive the equation for the LM curve, explain why each of the following statements is true. Discuss the impact of monetary and fiscal policy in each of these special cases.
Using an example from your work or daily life, describe an "is-a" relationship. Why is an "is-a" relationship important when designing an inheritance between classes? What are the differences between "is-a" and "has-a" relationship?
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