1. algebra of the income-expenditure model consider a small economy that is closed to trade, so that its net exports are zero. suppose that the economy has the following consumption function, where c is consumption, y is income (real gdp), ip is planned investment, g is government purchases, and t is taxes: c = $40 billion+0.5×(y – t) suppose g=$215 billion, ip=$50 billion, and t=$10 billion. given the consumption function and the fact that, in a closed economy, planned expenditure can be calculated as y=c+ip+g, the equilibrium income level is $ billion. suppose that government purchases are reduced by $100 billion. the new equilibrium level of income will be equal to $ billion. based on the effect of the change in government purchases on equilibrium income, you can tell that this economy's multiplier is equal to

Kendrick is leaving his current position at a company, and charlize is taking over. kendrick set up his powerpoint for easy access for himself. charlize needs to work in the program that is easy for her to use. charlize should reset advanced options

Helen tells her nephew, bernard, that she will pay him $100 if he will stop smoking for six months. helen was hopeful that if bernard stopped smoking for six months, he would stop altogether. bernard stops smoking for six months but then resumes his smoking. helen will not pay him. she says that the type of promise she made cannot constitute a binding contract and that, furthermore, it was at least implied that he would stop smoking for good. can bernard legally collect $100 from helen

1. which one of the following would be an example of a supply-side market failure? a. a gas station is slowly leaking diesel fuel from its underground tanks, and after the leak is discovered, the business immediately cleans up the pollution at its own expense. b. a gas station is slowly leaking diesel fuel from its underground tanks, but the state uses taxpayer money to clean up the pollution rather than requiring the business to pay. c. your business wants to attract repeat customers by putting on a customer-appreciation picnic at a public park, but you decide not to because you couldn't prevent noncustomers from consuming the food and entertainment you provided. d. everyone rushes to the local retail outlet at midnight on the day of the release of a new video game console, and the store runs out before everyone is able to buy one.