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a) In an economy without state and foreign trade, if the autonomous consumption is 80, autonomous investment is 70 and the marginal saving tendency is 0.25, what is the amount of equilibrium real gdp?
b) Real gdp=800, autonomous consumption is 100, marginal consumption tendency=0.70 what is the total consumption expenditure?
In the Keynesian aggregate supply curve model, the central bank can easily lower inflation without creating more unemployment through restrictive monetary
Explain how would your answer change if you also noted that the biggest declines in the unemployment rate occurred.
Does Professor Kelton think that a smarter central banker could have prevented the housing bubble and the subsequent crash in the U.S. economy? Who did she argue was to "blame" for the financial crisis and the recession of 2007-2009?
Name three other providers of urgent care services. Emergency departments, urgent care clinics, and walk-in clinics supply urgent care services.What sort of shift in supply or demand would result in a market equilibrium with higher prices and sale..
Assume that Germany's macroeconomic equilibrium is currently greater than potential GDP. The German government also starts a massive expansion of the railway
As per the Solow model, how would each of the following affect consumption per worker in the long run.
Using the AA-DD model explain why under credible fixed exchange rate, temporary monetary policy is ineffective whereas under floating exchange rate it is effective in rising output.
Write a Python program to display the wind chill temperature index. First perform the appropriate calculations and display the corresponding wind chill temperature index: 10.0 degrees
A relation that contains data recording Murdoch students' performance in units, has the following attributes: (StudentNumber, StudentName, UnitCode, Year, Semester, Grade, Mark).
What does the GDP indicate about an economy? Can a GDP be manipulated and thus provide inaccurate information about a country's economic production
Here are some hypothetical numbers used to illustrate the ideas of trade-offs, specialization, and comparative advantage. Assume Sri Lanka, using all her.
If so, is this behavior a natural consequence of technological advancement and structural unemployment? If not, is Corporate America operating under the principle of "Profit Maximization"?
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