Suppose government purchases increase by billion dollars, and as a result, real GDP incre by 15 billion dollars. Calculate the multiplier. Explain why the multiplier is generally greate than 1.

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Q: Deborah's utility over consumption (C), hours worked (H), and hours spent in commute (S) is: +

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A: IS curve: IS curve shows different combinations of interest rate and the income. Such that for each…

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A: GDP stands for Gross Domestic Product. It is a measure of the total value of all final goods and…

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Q: Stay -0, -0 -6,6 Swerve 6,-6 9,9

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Q: MUA/PA = zA = 16 − 3x           MUB/PB = zB = 14 − 2y,    where z is marginal utility per dollar…

A: Optimal Consumption Condition is given by MUAPA=MUBPB

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A: A market structure known as an oligopoly is defined by a limited number of dominant major companies…