3. Discretionary fiscal policy and multiplier effects Consider a hypothetical economy in which the marginal propensity to consume (MPC) is 0.8. The following graph shows the aggregate demand curves (AD and AD:), the short-run aggregate supply curve (SRAS), and the long-run aggregate supply curve (LRAS). The economy is currently at point A. PRICE LEVEL LRAS 140 130 SRAS24 120 8 8 132 124 120 116 112 100 200 300 400 500, 120 AD₂ AD 500 600 700 600 000 1000 REAL GDP (Billions of dollars); The economy is currently experiencing an inflationary gap of $ In order to close this gap, one option would be for the government to taxes do not change). If the government kept its purchases constant, it could also close the gap by billion. government purchases by $ billion (assuming net net taxes by $ billion.

Hhe paypil prbeluces. Drive the first orler Condition of Maximization for lutemediate gad with respect to Pel) Peti -MCtti

Good X (250x soy (150X, 150Y) (100X, 100Y) 150X, 250Y) IC2 Income= $2000, Py=$10, P,=$10 reome=$2000, PE10, P,=$10 Good Y O Good X is normal O Good Y is normal O Good X is inferior O Good Y is inferior

An electronics company makes communications devices for military contracts.  The company just completed a large contract.  The Army contract was for 6808 devices that were produced by 43 workers in three weeks. Each worker worked 40 hours per week.  What was the prductivity for the ARMY contact in devices per labour hour? (State your answer rounded to two decimal places)

Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

a bakery charges $ 1.50 for donuts , and $ 2.25 for its scones. one day the manager found out that 150 scones had been sold out , and the total recepits were $ 258. how many donuts and scones were sold?

P = c + 1/(nxb). When the number of firms (n) in an industry is more thena. each firm's price level falls due to increased competitionb. the average cost of each firm rises because it produces lessc. each firm's price level rises as competition fallsd. the average cost of each firm falls as it produces more

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