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In a closed economy the marginal propensity to consume is .60 and the marginal propensity to invest is 0.10. What is the size of the multiplier?
Evaluate the macroeconomic implications and microeconomic consequences of a monopolistically competitive firm or an oligopoly firm filing for bankruptcy
If the reserve requirement(rr)is 0.2, what is the simple deposit multiplier? if, in addition, the currency deposit ratio(c) is 0.05 and the excess reserve ratio(e) is 0.15, what is the money multiplie
Opportunity to voice an ideology or concern to the masses. What ideology would you want to push forward for the betterment of society? What specific actions would you recommend?
Helen is buying a 12,375 car with a 3000 down payment, followed by 36 monthly payments of 325 each. The down payment is paid immediately, and the monthly payments are due at the end of each month.
In a two input – one output production model, what are the profit-maximizing conditions, in a general equation form? What does each side of the equation represent?
Explain what happens to price and quantity of oil when the following events occur:
If the European euro were to depreciate relative to the U.S. dollar in the forging exchange market, would it be easier or harder for the French to sell their wine in the United States?
What is offshoring of white collar service jobs, and how does it relate to international trade? Why has it recently increased? Why do you think more than half of all offshored jobs have gone to India?
What is the impact on the firm’s employment level from the following events, according to the marginal productivity theory of labor demand?
Administrative work: Exactly 2 workers are necessary to perform the administrative work for the business to operate. The administrative workers do not generate revenue.
Are unions good or bad for the economy? How do unions at GM and Ford affect employment levels and wages? How do unions affect other industries in terms of employment and wage levels?
Explain what happens to consumer, producer, and total surplus when a firm is able to use price discrimination effectively?
To invest in upgrades to your company’s heating , you borrow $165,000 from a local bank. If the bank asks you repay the loan in 15 equal annual installments of $19,500, determine the bank’
Assume that $5000 is deposited today, three years from now, six years from now, nine years from now, and twelve years from now in a savings account which earns 5% annual interest. What is the balance
Your new car loan is $40,000 and your payments per month are $650 for 5 years. What are the annual nominal interest rate and the effective interest rate on this loan?
The current price in the CPI for a pound of coffee is $7.25, and it is projected to increase next year by 2%, then decrease by 3% in the following year, and then increase by 5% the third year. What is
You borrowed $5,000 at 6%, compounded annually. The loan was repaid according to the following schedule. What was the payment in the 3rd and 5th year?
Suppose the government institutes a new sales tax on shoes, which are produced by a competitive constant-cost industry.
What is the annual equivalent value of a geometrically increasing series of payments which has first-year base of $30,000 increasing by 8% per year for 10 years with an interest rate of 12% compounded
What is the present worth of the following income strings at an interest rate of 12%? (All cash flows occur at year end.)
A cartel is often an unstable relationship as individual members both seek and seize the opportunity to cheat on the agreement and improve their own position at the expense of others.
Consider the economies of Hermes and Gribinez,both of which produced gaggles of gop using only tools and workers.Suppose that,over the course of 50 years,the level of physical capital per worker rises
Calculate the money multiplier and the expansion of money when
Estimate the costs of such things as rent, gasoline, food, in your local area and decide how far the amount of money shown in the chart would go in taking care of a family of four