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Sample figure of AD curve has negative slope
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- When nominal GDP rises, we can be certain that... a) prices must have risen b) both prices and quantities of goods and services must have risen c) quanties of goods and services produced must have risen d) either prices or quantites of goods and services must have risenSuppose that disposable income, consumption, and saving in some country are $400 billion, $350 billion, and $50 billion, respectively. Next, assume that disposable income increases by $40 bilion, consumption rises by $30 billion, and saving goes up by $10 billion. a. What is the economy's MPC? Instructions: Round your answers to 2 decimal places. MPC= What is its MPS? MPS b. What was the APC before the increase in disposable income? Instructions: Round your answer to 2 decimal places. APC beforeThe question is based on the following information: 201 Item Total government revenue Total government expenditure Current government revenue Current government expenditure Non-interest expenditure Cyclically adjusted revenue Cyclically adjusted expenditure R million 510 533 490 520 1500 480 500 The conventional budget balance is R _million. If the balance is negative indicate it using the minus sign in your answer for instance-32
- Consider an economy characterized by the following equations: C = 750 +0.75Y+0.10W 1 = 150 where C is desired consumption, I is desired investment, W is household wealth, and Y is national income. a. Suppose wealth is constant at W = 10,000. Use the line drawing tool to draw and label the aggregate expenditure function on a scale diagram along with the 45° line to the right. Make sure that the line starts at y-axis and extends to the right. Carefully follow the instructions above, and only draw the required objects. Desired Aggregate Expenditures Aggregate Expenditure and Equilibrium 10,000- 9,000- 8,000- 7,000- 6,000- 5,000- 4,000- 3,000- 2,000- 1,000- 0 45 line 2,000 4,000 6,000 8,000 10, Actual National IncomeNote:- 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.Explain in detail the autocorrelation consequences in assumption of the OLS estimators.
- what relationship does LM curve plot? explain in words and graphically, why LM curve slops downward.Student question do fas i will 10 upvotes don't use chatgpt answer. The downturn in output and employment experienced by the United States during the Great Recession is best characterized as: a)There was a mild downturn in the United States followed by a rapid recovery because the Federal Reserve cut short-term interest rates to zero in 2008. b) There was a relatively mild downturn in the United States followed by a rapid recovery because the US government adopted austerity measures which spurred a boom in private investment. c)There was a severe downturn in the United States, in part, because the Federal Reserve raised interest rates during the start of the Great Recession to prevent inflation from soaring. d)At first, there was a mild downturn in the United States starting in December 2007, followed by a severe collapse in output and employment after September 2008 once the US government adopted harsh austerity measures. e)The United States was ground zero for the Great…Consider the following quarterly sales data (in units): Actual Actual Actual 2019 16 12 10 13 51 Based on years 2018-2020, what is the seasonal index for Q2? Q1 Q2 Q3 Q4 Total 2018 15 12 10 13 50 Show Transcribed Text .98 J Based on years 2018-2020, v 1.02 1.05 .95 Ĉ 2020 17 14 12 11 54
- If one of the item in a simple aggregate price index is milk, the index will be unchanged if the price of milk is expressed in dollars per quart instead of dollars per gallon. In a Passche index, prices are weighted according to the quantities of the various items in the base period. The Consumer Price Index is a simple aggregate index.One application of the Consumer Price Index is to automatically increase wages or benefits through its inclusion in labor contracts. "Real income" refers to the amount money available after government taxes have been paid. The Producer Price Index measures changes in the physical volume or quantity of output of manufacturing, mining, and electric and gas utilities. TRUE OR FALSEA9.Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.
