Answer:
Calculate the proportion of the package that would be really transferred to consumers, by using the MPC. So, you proceed to divide the change in disposable income (700 million) between the MPC, to measure the change in the consume. Then, this will be the change in the real GDP.
So.
ΔC=700/0.5
ΔC= 1,400
Explanation:
Change in real GDP, under this assumption would be of 1,400 millions ceteris paribus.
Answer:
The Anti-Federalists opposed the ratification of the 1787 U.S. Constitution because they feared that the new national government would be too powerful and thus threaten individual liberties, given the absence of a bill of rights. . They were concerned that the Constitution gave too much power to the national government at the expense of the state governments
John Rockefeller , oil company.
Answer:
California was admitted to the union as a free state.
The remainder of the Mexican cession was divided into two territories of New Mexico and Utah and organized without mention of slavery
The claim of Texas to a portion of New Mexico was satisfied by a payment of $10 million.
New legislation(The Fugitive Slave Act) was passed to apprehend runaway slaves and return to their masters
The buying and selling slaves(but not slavery) was abolished in the District of Columbia.