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tankabanditka [31]
4 years ago
6

The economy is in a recession, whereby a $300 billion dollar rightward shift of the aggregate demand curve would bring it out of

recession. If the marginal propensity to consume (MPC) is 0.7 and there is no crowding out, how much should Congress increase G to end the recession?
Business
1 answer:
Darya [45]4 years ago
4 0

Answer:

Change in G = $90 billion

Explanation:

Data provided in the question:

Shift in demand curve, ΔY = $300 billion

Marginal propensity to consume (MPC) = 0.7

Now,

Government spending multiplier

⇒ ΔY ÷ ΔG = 1 ÷ ( 1 - MPC )

or

⇒ $300 billion ÷ ( Change in G ) = 1  ÷ ( 1 - 0.7 )

or

Change in G = $300 billion × ( 1 - 0.7 )

or

Change in G = $300 billion × 0.3

or

Change in G = $90 billion

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Optimization of process parameters is one of the ways to achieve desired quality of a part. Finite Element Method (FEM) and machine learning techniques are applied to evaluate and optimize AM process parameters. While FEM requires specific information, Powder Bed Fusion Machine Learning is based on big amounts of data. This paper provides a conceptual framework on combination of mathematical modelling and Machine Learning to avoid these issues.

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8 0
2 years ago
There are two universities, A and B, in a city. Tuition rises at University A and, as a result, the demand for attending Univers
LenaWriter [7]

Answer:

Substitutes

Explanation:

The education services at the two universities are substitutes to each other. The cross price elasticity of substitute goods is positive which indicates that as the price of one good increases then as a result the demand for other good increases and if the price of one good decreases then as a result the demand for other good decreases.

Now, if there is an increase in the tuition fees at University A, hence, this will increase the price of educational services at University A. Therefore, this will lead to an increase in the demand for educational services at University B.

4 0
3 years ago
OneChicago has just introduced a single-stock futures contract on Brandex stock, a company that currently pays no dividends. Eac
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Answer: 299750

Explanation:

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3 years ago
Match the academic requirements with the careers :
Vedmedyk [2.9K]

Answer:

a. Equal opportunity officer-Bachelors degree

b. Court reporter- Tech program

c. Security officer-High school diploma

Explanation:

a. Equal opportunity officer

An equal opportunity officer have the responsibility of formulating and ensuring policies that are not discriminatory and are in line with the best practice at the workplace. As the name suggests, they basically use policies that offer equal opportunity to all individuals without discrimination based on age, sex, religion and race. The following are typical duties and responsibilities of an equal opportunity officer;

1. They support and maintain legislation against workplace discrimination.

2. Offer advice to staff regarding equal opportunity practice at the workplace.

3. They work with other organizations that are also involved in equal opportunities.

4. They make sure that when there is a promotional opportunity, it is handled fairly.

5. Training courses regarding equal opportunities are designed and led by equal opportunity officers.

The minimum academic qualifications for becoming and equal opportunity officer is a Bachelors degree.

b. Court reporter

Court reporters are charged with the responsibility of transcribing oral information during a court session. They are also known as stenographers or steno-type operators. Some court reporters also offer real-time video-captioning for television proceedings. The y have the following duties;

1. Upon the judge's request, the court reporter can play back a portion or all of the proceedings.

2. Make written transcripts during court events

3. They can also request speakers to repeat inaudible speech or statements

4. Once the transcripts are written they also review them for typing errors.

Court reporting is a hands on career that needs a lot of training in typing and listening. The academic qualifications usually considered here is a Tech program where aspiring candidates are trained on how to be an effective court reporter.

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2. Sounding alarms to alert others.

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4. Ensures security in building premises by patrolling the premises.

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