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(Simple Spending Multiplier) Suppose that the MPC is 0.8, while planned investment, government purchases, and net exports sum to $500 billion. Suppose also that the government budget is in balance.
a. What is the sum of saving and net taxes when desired spending equals real GDP? Explain.
b. What is the value of the multiplier?
c. Explain why the multiplier is related to the slope of the consumption function.
Casper consumes cocoa and cheese. Cocoa is sold in an unusual way. There is only one supplier, and the more cocoa you buy from him, the higher the price you have to pay per unit. In fact y units of cocoa will cost Casper y2 dollars.
Compute the consumer loss associated with the merger. How does it compare to the increase in profit? What is the net loss from the merger?
in a country output is produced with labor and physical capital. the production function in per-worker terms is yk12.
one of five risk-neutral bidders participating in an independent private values auction. Each bidder perceives that all other bidders' valuations for the item are evenly distributed between $50,000 and $80,000.
a manufacturer of small hydraulic turbine has the annual cost data given below. calculate the manufacturing cost and the selling price for turbine. raw material and components cost 2150000 direct labor 950000 direct expense 60000 plant manager and st..
The government, aware of voter sentiment during an election year, bans the import of the food products that use genetically modified crops. In both cases, no genetically modified crops enter the country. Does either of these cases run afoul of WTO..
Visit the Bureau of Economic Analysis Web site at www.bea.gov In U.S. Economic Accounts under Nationalclick onGross Domestic Product (GDP), then Interactive Tables:GDP and the National Income and Product Account (NIPA) Historical Tables, click "Begi..
How should the court rule in this case? How would your answer be affected (if at all) by knowledge about the manner in which the information was acquired?
The general Manager of an engineering firm wants to know whether a technical artist's experience influences the quality of his or her work. A random sample of 24 artists is selected and their years of work experience and quality rating(as assessed..
Suppose we have a wholesaler firm that charges a retailer r for the retailer's only input. The marginal cost of the wholesaler is $2. It takes one unit of the input to produce one unit of the retailer's output and in addition to the price of the i..
Define yourself through your cultures. You should have a discussion of the cultural groups to which you belong. Are some more influential than others on you, your perceptions, your communication etc.
Flanger is an industrial distributor that source from hundreds of supplier .The two modes of transportation available for inbound shipping are LTL (less-than-truckload) and TL (truck-load).LTL shipping cost $1 per unit, whereas TL shipping cost $4..
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