Which phenomenon is at work here

Assignment Help Macroeconomics
Reference no: EM133537453

Problem: Suppose the consumption in a particular economy increases by R1.3 billion. As a result, output increases by R1.9 billion. Which phenomenon is at work here? Use a graph to aid your explanation.?

Reference no: EM133537453

Questions Cloud

How each transactions changes us current account balance : Explain how each of the following transactions changes (or leaves unchanged) the U.S. current account balance.
Explain how the value of the canadian dollar changes : Explain how the value of the Canadian dollar and capital flow changes based on foreign investments made in some sectors.
Write out the planned expenditure function : Write out the planned expenditure function. Calculate equilibrium real current GDP (income). How much is the expenditure multiplier?
What is the current real gdp growth in the us : What is the current Real GDP growth in the U.S. Use this bea gov website and use look under Principal Federal Economic Indicators.
Which phenomenon is at work here : Suppose the consumption in a particular economy increases by R1.3 billion. As a result, output increases by R1.9 billion. Which phenomenon is at work here?
How the five parameters link scarcity : How the five parameters (incentives, trade-offs, exchange, information, distribution) link scarcity and choice for the resource examples that you provide.
Why to go to college as your final decision : Whether the money paid on room and board should be included? Why to go to college as your final decision (best choice)?
Explain the effect of this on the market for wood products : In March 2022 the UK imposed a 35% additional tariff on imports of Russian wood products. Explain the effect of this on the market for wood products in the UK.
Analyze any fiscal-monetary policy recently implemented : Analyze and discuss any Fiscal/Monetary Policy recently implemented by the Government of an African country - Nigeria (in recent 0 - 5 years).

Reviews

Write a Review

Macroeconomics Questions & Answers

  Heckscher-ohlin theorem

According to the Heckscher-Ohlin theorem, trade arises are due to

  What is the social arrangements

What is The social arrangements that determine what is produced, how it is produced, and for whom it is produced.

  When the price of gasoline increases

How have you responded to increases in the price of gasoline over the past few years? How would you respond if the price of gasoline doubled over the next two years? What alternatives do you have for buying gasoline? Could you change to zero con..

  Effective global healthcare system is realistic

Provide current literature on the effectiveness of current efforts, Do you feel that an effective global healthcare system is realistic?

  What combination of quality-price will be most successful

A firm can seek any combination of quality and price it chooses. Thus, it can go with a low quality-low price strategy or use one which combines high quality with a high price. Ideally, of course a high quality and a LOW price will be the most pow..

  Elucidate what output level does average variable cost reach

Elucidate what output level does average variable cost reach its minimum value. What is the value (in dollars) of the average variable cost at its minimum point.

  How firm has been impacted by macroeconomy

Determine if your firm was dependent on the federal government for a bailout and/or restructuring. how your firm has been impacted by our macroeconomy

  Identify seasonal structural or cyclicrical unemployment

Identify whether each of the following reflects seasonal, structural, frictional, or cyclical unemployment. a. A sales employee is laid off due to slow business after consumer spending falls. b. An automotive worker is replaced by robotic equipment o..

  Disk management snap-in to initialize

What advantage is there to using the Disk Management snap-in to initialize new disks, rather than Server Manager?

  Increasing aggregate demand

Keynes thought that, during an economic slowdown, unemployment could be reduced by increasing aggregate demand (AD).

  Explain who are the winners and who are the loosers

Explain who are the winners, who are the loosers, we can better evaluate the net impact, if any, on the overall economy.

  What are the firms short-run profits

A firm sells its product in a perfectly competitive market where other firms charge a price of $90 per unit. The firm's total costs are C(Q) = 50 + 10Q + 2Q2. a. How much output should the firm produce in the short run? b. What price should the fir..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd