Answer:
The correct answer is $250 billion.
Explanation:
An economy is operating at an output level of $4,000 billion.
The potential output level is $5,000 billion.
The marginal propensity to consume is 0.75.
The recessionary gap is
= $5,000 billion - $4,000 billion
= $1,000 billion
ΔY = 
$1,000 = 
$1,000 = 
$1,000 = 
ΔG = 
The change in income required to correct this recessionary gap is $250 billion.
Answer:
A house lot. (Landlords)
Explanation:
You can hold houses for people to live in while they pay a monthly fee.
Do you have a picture or anything??
Answer:
True
Explanation:
Because in Friedman's view making profit is the only social responsibility of the company. He said this because in his view the company has to earn profit for investments and if the company makes investments, it would create jobs and increased exports. So this means this is the best social responsibility in context of a economist, the company can pursue.
Answer:
a. 0.75% per month
b. 2.25% per quarter
c. 4.5% semi- annually
d. 9% yearly
Explanation:
a. Computing the effective interest rate per payment period for the payment schedule which is monthly:
Effective rate (monthly) = Nominal rate (r) / Compounded monthly (m)
where
r is 9%
m is 12
Putting the values above:
= 9% / 12
= 0.75% per month
b. Computing the effective interest rate per payment period for the payment schedule which is quarterly:
Effective rate (quarterly) = Nominal rate (r) / Compounded quarterly (m)
where
r is 9%
m is 4
Putting the values above:
= 9% / 4
= 2.25% per quarter
c. Computing the effective interest rate per payment period for the payment schedule which is semi- annually:
Effective rate (semi- annually) = Nominal rate (r) / Compounded quarterly (m)
where
r is 9%
m is 2 (every 6 months)
Putting the values above:
= 9% / 2
= 4.5% semi- annually
d. Computing the effective interest rate per payment period for the payment schedule which is annually:
Effective rate (annually) = Nominal rate (r) / Compounded yearly (m)
where
r is 9%
m is 1 (end of the year)
Putting the values above:
= 9% / 1
= 9% yearly
