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horrorfan [7]
3 years ago
8

Consider a small country that is closed to trade, so its net exports are equal to zero. The following equations describe the eco

nomy of this country in billions of dollars, where C is consumption, DI is disposable income, I is investment, and G is government purchases: C = 100 + 0.75 times DI G = 50 I = 80 Assume that this economy initially has a fixed tax and that net taxes (taxes minus transfer payments) are $40 billion. Disposable income is then (gamma - 40), where gamma is real GDP. Aggregate output demanded is ___________. Suppose the government decides to increase spending by $10 billion without raising taxes. Because the expenditure multiplier is ________, this will increase the economy's aggregate output demanded by __________. Now suppose that the government switches to an income tax, which is a type of variable tax, of 5%. Because consumers retain only 95% of each additional dollar of income, disposable income is now 0.95 times gamma. In this case, the economy's aggregate output demanded is ______________. Given an income tax of 5%, the expenditure multiplier is approximately ____________. Therefore, if the government decides to increase spending by $10 billion without raising tax rates, this would increase the economy's aggregate output demanded by approximately _______________. A $10 billion increase in government purchases will have a larger effect on output under a _____________.
Business
1 answer:
PtichkaEL [24]3 years ago
5 0

Answer:

this is government alargar effect

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Which of the following best describes the Carolingian Renaissance? Select one: a. a new and speculative philosophy regarding the
Juli2301 [7.4K]

Answer:

The Correct Option is D: a standardization of education, language, texts, and Church liturgy

Explanation:

The Carolingian Renaissance was a time in the Middle Ages that had a significant impact on Arts, language, Church lithurgy, and education. It also revived scholarships. Before this time, education was reserved for a small group of people, but the Carolingian Renaissance saw a change in education and made it to become more standardized and attainable.  

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2 years ago
James, an administrative manager at Seal Inc., is asked to purchase 100 printers for the firm’s office. He contacts a sales repr
Reptile [31]

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a. Retailer

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Reference: WebFinance. “Read the Full Definition.” BusinessDictionary.com, 2019

8 0
3 years ago
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11111nata11111 [884]

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An investment readily convertible to a known amount of cash

Explanation:

Cash equivalents are items usually recognized in the balance sheet along with cash (then names Cash and cash equivalent) that are readily or easily convertible to cash at an amount that is measurable.

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Cash equivalents are assets and help improve the company's liquidity.

6 0
2 years ago
The MR = MC rule Multiple Choice applies both to pure monopoly and pure competition. applies only to pure competition. applies o
Neko [114]

The MR = MC rule C. applies only to pure monopoly.

<h3>What is monopoly?</h3>

It should be noted that monopoly simply means the only seller of a good to service in the market.

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