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- Exercise D8 What determines the slope of a consumption function?Exercise D19 What does it mean when the aggregate expenditure line crosses the 45-degrss line? In other words, how would you explain the intersection in words?Exercise D9 What is the marginal propensity to consume, and how is it related to the marginal propensity to import?
- Exercise D21 What are some reasons that the economy might be in a recession, and what is the appropriate government action to alleviate the recession?Exercise D6 What is on the axes of an expenditure-output diagram?Exercise D11 Why does the import function slope down? What is the marginal propensity to import?
- Go to this website (http://www.measuringworth.com/ppowerus/) for the Purchasing Power Calculator at measuringWorth.com. How much money would it take today to purchase what one dollar would have bought in the year of your birth?Exercise D7 What does the 45-degree line show?Calculate the value of income if consumption is $2000 and savings is $1200
- In the formula ke >= (D1/P0) + g, what does (D1/P0) represent?Mika eams $340 per week which she spends entirely at the grocery store. purchasing either food or akohol The price of food is $1Aunit, while the price of alcohal is $4/unit. IT Mika receives an additional S65/week in todd stamas thut can be used to buy anyttiog at the grocery store so, this money could be used to buy food and alcoho what is the etical coortinate of the vertical tercept of Mika's budget constraint if she were to graph quantity of food on the horizental as and quantity of alcohol on the vertical aist (Note The amwermay not be a whole number, so round to the nearest hundredthAn index number that measures a basket of related items is called?