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assume the tax multiplier is estimated to be 1.5 and the aggregate supply curve has its usual upward scale. suppose the government lowers taxes by 150 million. aggregate demand will increase or decrease and by how much?
Business Economics, Economics
What is the effect of changes in gasoline prices on the demand for restaurant meals? Is gasoline an economic complement of restaurant meal Are restaurant meals an economic complement of gasoline
A student is applying to Harvard and Dartmouth. If the student is accepted at Dartmouth, the probability of being accepted at Harvard is 40%. If the student is not accepted at Dartmouth there is an 80% of non-acceptance ...
A random group of 20 depressive patients has been given the MMPI. Their scores on a depression scale are as follows: 30 45 32 28 33 25 37 32 34 32 26 35 30 34 35 31 36 26 42 39 Construct a frequency distribution. Then ma ...
Discuss how Strategic Management differs from Economics Discuss how Strategic Management differs from Business Management
Suppose a sampling space has things a, b, and c. Twice draw from the sample space and replace. The possible sequence formed are {aa,ab,ac,ba,bb,bc,cacb,cc}. Now suppose there are Y different things. There are Y ways the ...
1. Why are the costs of fixed assests depreciated? 2. Why would a bank lending officer be intersted in cash flow staement of a company that is apllying for a loan?
Imagine you've started a new pizza restaurant. It costs you about $6 to produce a pizza. Last week you sold 500 pizzas for $12 each. This week you raised your price and sold 375 pizzas for $14 each. What price should you ...
Given a business situation word problem or case study such as one dealing with processing time or quantity of fill, use the normal probability distribution to determine a course of action. Assume that a population is nor ...
Describe five changes in the vaiables that will cause demand for a product to increase, shifting the demand curve to the right?
A U.S. electronics ?rm is considering moving its production to a plant in Mexico. Its estimated production function is q = L0.5K0.5. In the U.S., the wage, w is ten dollars, and the cost of capital, r is also ten dollars ...
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Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate
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