If the country of Magnolia had G = $700 and T = $800, then it had a budget deficit of $100 O it had a budget surplus of $100 it had a budget deficit of $1,500 it had a budget surplus of $1,500 it had a balanced budget

Q: Which statement about business cycles in the United States is most accurate? Multiple Choice…

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Q: Suppose the money multiplier is 2 and remains constant. If the Fed buys $1,000 of Treasury…

A: Fed is the central bank of United States and is an open market operations committee.

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A: Nominal GDP = C+I+G+NX

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A: Required reserve ratio:- A required reserve ratio can be explained as the percentage of assets which…

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A: Economic mobility refers to how a person's financial situation varies through time.

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A: Cost of production undergoes change when output increase or decrease.

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A: *Answer:

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A:

Q: How does neoliberalism differ from classical liberalism in its approach to economics? Group of…

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Q: Prospect Y = ($4, 0.25 ; $16, 0.75) If Will's utility of wealth function is given by u(x)=x0.25,…

A: Prospect Y = ($4, 0.25 ; $16, 0.75) And Will's utility of wealth function is given by u(x)=x0.25

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A: Answer;

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Q: Question 31 A decrease in tax rates will increase the money multiplier. decrease the spending…

A: Tax multiplier Refers to the ratio of change in Real GDP with respect to change in taxes.

Q: Suppose the Fed decided to purchase $100 billion worth of government securities in the open market.…

A: Government securities worth= $100 billion

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A: * SOLUTION :-    Given that ,

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Q: A. $107 billion surplus.

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Q: 6. A producer can produce 2500 units of wood parts per day at a plant located in USA. The steady…

A: Answer; Yearly DEMAND = 500 * 200 = 100000   Arrangement COST = 50   HOLDING COST = 1…

Q: What is the nominal gdp and the value added of service sector?

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Q: Sheila's income and leisure preferences can be expressed by U(Y, L) = 2 x (YL - 40Y - 100L) This…

A: Answer;

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A: The gross domestic product (GDP) is a metric for determining the economic output of a country.…

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A: Aggregate demand and aggregate supply determine the equilibrium level of real in the economy.

Q: Suppose a discriminating monopolist is selling a product in four separate markets in which demand…

A: Given, the demands in the monopolistic firms: Q1 = 300 – P1; P1 = 300 - Q1 Q2 = 200 – 0.5P2;  P2 =…

Q: Price Level LRAS SRAS Price Level LRAS (P) (P) SRAS Pe P₂ XXXX AD AD QE QN Real GDP (Q) Qv QE Real…

A: Equilibrium in the market occurs at the intersection of AD and SRAS curves.