Answer:
(a) 0.7
(b) 3.33
(c) -$210
(d) -$147
(e) -$1 trillion
Explanation:
(a) Marginal propensity to consume (MPC) = 0.7
(b) Multiplier of this economy:
= 3.33
(c) Decrease government purchases by $300 billion,
Initial change in consumption = Change in government purchases × MPC
= $300 × 0.7
= -$210 billion
(d) This decreases income yet again, causing a second change in consumption equal to:
= Initial change in consumption × MPC
= -$210 × 0.7
= -$147 billion
(e) The total change in demand resulting from the initial change in government spending is:
= Change in government purchases × Multiplier
= $300 × 3.33
= -$1 trillion
c. history of the Great Depression
Answer: This is an example of a DRILL DOWN report
Explanation:
Drill down means to seek out detailed additional information on a specific subject. It involves clicking on a subject, or link or object to reveal more detail about a particular information.
To drill down through a series of information means you want to get a specific information, it involves accessing information but starting first with the general options before proceeding through the database to get successive ideas on the subject matter. Most times people drill down on an information when they have only the summary, then they will "dig Futher" to get suitable information according to their logic.
The difference between a push and a pull strategy is that wholesalers are targeted in a push strategy, whereas end consumers are targeted in a pull strategy.
<h3>What is push Marketing?</h3>
Push marketing basically involves all promotional strategies in which companies use to approach consumer or people to buy their products.
Pull marketing on the other hand means implementing a strategy that naturally draws consumer interest in your brand or products
Learn more about push marketing here: brainly.com/question/13362246
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a, since twenty-seven should say 27 or twenty seven without a dash
