From the information below calculate aggregate demand; Consumption (C) = $200 + 0.6Y Investment (I) = $300 Government (G) = $100 Net Export (NX) = $50 What is the value of the marginal propensity to save?

Q: In a time of crisis where there is a pandemic, policymakers try to encourage economic activity by…

A: The use of government spending and tax strategies to impact economic conditions, particularly…

Q: Discuss the problem of inflation in India

A: Inflation Inflation is the gradual loss of a currency's buying value. The increase in the price…

Q: You are an online seller of a product competing in a monopolistic competition type of market. Hence,…

A: A monopolistic competitive market is one where there are large number of buyers and sellers and each…

Q: 20

A: We have sequential move game between two players where each player moves two times in the game.

Q: 2. In a particular economy, currency held by the public is 1,000 shekels, bank reserves are 200…

A: Given; Currency held by public= 1000 shekels Bank reserves= 200 shekels Desired reserve-deposit…

Q: The demand and supply functions for product x are given, respectively, by the equations: P = 83.6 -…

A: According to the question,  The demand and supply functions for a product is given.  Demand…

Q: After the OPEC oil embargo in the 1970s, price controls were placed on gas markets that did not…

A: A price ceiling is the highest price a seller is permitted to charge for a service or product. Price…

Q: 21

A: Short run production function means where only one factor is variable in nature and other factor…

Q: Assume in the market with two consumers, Chloe and Oliver. Chloe's utility function is U(x, y) = 2x…

A: When there are no more adjustments that can be made to the economy that can make one person better…

Q: Evaluate ‘utilitarianism’ as a moral doctrine that underpins ethical values

A: Introduction Utilitarianism has given by Jeremy Bentham and J. S. Mill. The term Utilitarianism has…

Q: Costs of production for each competitive firm is given by: C(q) = 1 + q2. Market demand is Qd =…

A: In a perfectly competitive market, there are large number of firms producing similar and identical…

Q: A monopolist has the following production function Q-L050s where Lis the number of units of labour…

A: Here we have:- Market demand=P=24-Q and Q=L0.5K0.5w(wage rate)=$4r(rental rate of capital)=$16 Total…

Q: 1) The principle that "More is better" results in indifference curves A) not intersecting. B)…

A: An indifference curve shows a blend of two merchandise that give a buyer equivalent fulfillment and…

Q: Suppose that you are given the following production function: Q=100K0.6L0.4 etermine the marginal…

A:

Q: The international Bank for Reconstruction and Development known as                           came…

A: There was a huge economic as well as human loss during World War II. Almost all the nations which…

Q: In a regular two-consumer two-good exchange economy, if we move from what the initial inefficient…

A:

Q: Stakeholders are: a) customers and competitors who interact with the business. b) groups or…

A: A business entity has stakeholders to whom it has a responsibility.

Q: What is Fiscal Policy? Discuss types of Fiscal policies?

A: (Q) What is Fiscal Policy? Discuss types of Fiscal policies?

Q: List five platforms for sharing economy 2. Explain how to use a well known sharing economy platform…

A: Individuals and groups can profit from underutilized assets by participating in sharing economies.…

Q: Just based on general information you possess, do you think the demand for computers is likely to be…

A: Elasticity refers to the change in quantity demanded of a product due to change in its price. If the…

Q: that a hypothetical economy with an MPC of 0.8 is experiencing severe recession Instructions: In…

A: In economics, the marginal propensity to consume is a metric that quantifies induced consumption,…

Q: A manufacturer's total cost equation per day is given by the equation TC = 440 +4q+,0001Q². If each…

A: The functional connection that exists between costs and output is referred to as the cost function.

Q: If at a price of $24, Octavia sells 36 home-grown orchids and at $30 she sells 24 home-grown…

A: Answer: Given, Price Quantity demanded $24 (P1) 36  (Q1) $30  (P2) 24  (Q2) The following…

Q: Consider the case where there is a consumer in the market with a demand f P = 40 - 2q. A monopolist…

A: A monopoly is a sole producer of a good in the market thus acting as a price maker whereas in a…

Q: 5. Problems and Applications Q10 Consider the following table of long-run total costs for three…

A: Average total cost is alluded to as the entirety of all production costs separated by the total…

Q: Which of the following is true in the United States? O A. Only state governments can collect taxes.…

A: The answer is - D. Only the federal government can collect taxes

Q: Which test is used for testing if multiple coefficients are jointly significantly different from…

A: The highest degree of linear association that can be determined to exist between two or more…

Q: QUESTION 5 Player 2 Left P1: $12 P2: $45 P1: $10 P2:$10 Player 2 Left P1: $22 Player 1 Up P2: $22…

A: Answer (5): Dominant strategy: dominant strategy refers to the strategy always chosen by a player no…

Q: Expand the following abbreviations: IMF FEMA NASDA

A: IMF = International Monetary Fund is an international financial institution, headquartered in…

Q: OA. When a large proportion of income is spent on a product or service, the more elastic the supply…

A: Elasticity measures the change in quantity supplied or demanded when the product's price is changed.…

Q: 5. Problems and Applications Q10 Consider the following table of long-run total costs for three…

A: Introduction Question related to Economies of scale

Q: Graph - Which of the following alternatives describes the following graph? Select one: a. Try to…

A: Demand: It refers to the goods and services that are available to the people. The increase in demand…

Q: Assume an economy with no foreign sector, a marginal propensity to save of mps = 0.1, and a marginal…

A: Here, given information is, MPS =0.1 MIT (t)= 0.33 Change in national income: 500 To find: change…

Q: Suppose that the income tax in a certain nation is computed as a flat rate of 5 percent, but no tax…

A: The amount of a person's income or total amount of money that must be paid in taxes is referred to…

Q: Canada the US and Mexico are all on the same continent the AMERICAS and the economies are very tied…

A: Here, it is given that Canada, US and Mexico are very tired together for their economic, social and…

Q: Lower unemployment benefits lead to lower unemployment duration. This is so because when the living…

A: Unemployment benefits, additionally called unemployment protection, unemployment installment,…

Q: Would you consider your demand for gas to be relatively elastic or inelastic? What changes do you…

A: Price elasticity measures the responsiveness of demand to changes in price. Elastic demand is…

Q: Explain the factors that might cause a country’s exchange rate to depreciate.

A: A fall in the conversion scale/exchange rate is known as a depreciation in the conversion scale. It…

Q: Suppose a firm is producing 100 units of output, incurring a total cost of $10,000 and total…

A: A producer's monetary and non-monetary expenditures on factor and non-factor inputs are referred to…

Q: What are objects of study of International Macroeconomics? Provide definition of these objects.

A: Global Macroeconomics presents a thorough and hypothetically exquisite treatment of genuine…

Q: A car rental agency is considering a modification in its oil change procedure. Currently, it uses a…

A: Following is the given values: Cost of type X filter = $4.75Filter changed every = 9000 miles Number…

Q: Tess and Lex earn $40,000 per year and all earnings are spent on consumption (c).  Tess and Lex both…

A: The expected value (EV) of consumption can be calculated by using the following formula. The…

Q: Airlines practice price discrimination by charging leisure travelers and business travelers…

A: The price discrimination refers to the charging different price from different customers for same…

Q: swer the following in the space provid ne attributes of a "good" econometric model? at are the…

A: A)The attribute of a good economic model are:- i) high R squared value which explains the…

Q: Suppose the demand for good x is given by the following equation: Qdx = 60 - 40Px + 21 - 30Py where…

A: Demand can mean either market demand for a particular good or total demand for the all out of all…

Q: 7. The long-run aggregate supply curve and short-run adjustments The following graph shows an…

A:

Q: represents trade costs. A higher index represents higher trade costs and less globalization. Based…

A: National borders do not mark the beginning or end of trade. Many enterprises and people encounter…

Q: Maipo and Pisco need to decide how to divide a cake between the two of them. Both like cake and want…

A: Nash equilibrium is such an outcome in which neither of the players have an incentive to change…

Q: In the writings of Karl Marx, the bourgeoisie referred to the proletariat referred to the…

A: Karl Marx view on bourgeoisie the people of capitalist society who own and control the means of…

Q: What causes Inflation in Economy?

A: Inflation is a measure of rising prices of goods and services in the economy.