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What is the formula for computing for national income in a closed economy with government intervention
factors that causes the shifts in balance of payments
Consider the multiplier model we have studied in class. Assume that the economy is initially in equilibrium and that real income is $180. The marginal propensity to expend is 0.66.
Do neoclassical economists view prices and wages as stickly or flexible
Bob's Bee is a small boutique honey manufacturer in Texas. Bob's neighbor is Jon's James. The more honey Bob produces, the more jam Jon is able to produce; that is, there is
The price of gasoline has recently come down as has the quantity. Show graphically and explain what might have caused this.
If the price of a good rises, what are people likely to do? a Substitute a less expensive good b Buy more of the good c Buy more of all goods because of added buying power d All of
uses of national income statistics
a) Summarize the basic tenets of the arguments in this case. b) Do you agree with main tenets of the arguments in the case? Why? Justify your answer with detailed explanations. s
Critically examine the statement that privatization can always decentralize economic power.
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