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how do i calculate how much the gorverment should spend if the MPC is 0.8 and 200million is requered to reach full employment ?
Assume that government purchases decrease by $10 billion, with other factors held constant, including the price level. Calculate the change in the level of real GDP demanded for ea
what does phillip curve signify? how do you reconcile the difference in the shap of the curve in the short run and the long run?
Q1. The poorest countries in the world have a per capita income of about $600 today. We can reasonably assume that it is nearly impossible to live on an income below half this leve
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
Define the term - Productivity Productivity is the concept which measures how outputs can be maximised from given inputs. In factories labour productivity is normally calculate
Determine the term- GDP per capita GDP, being a flow, isn't a measure of the total wealth of a country though a measure of the "income" of country during a certain period of ti
What is money has nothing to do with token We also consider that what is money has nothing to do with token or commodity itself: USD is money in United States but not in
compare and contrast the monetarism economics and the keynesian economics
Suppose you belong to a tennis club that has a monthly fee of $75 and a charge of $5 per hour to play tennis.
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