Compare two economies, which differ only in their share of credit-constrained households but are identical otherwise. The MPC will be in the economy with the greater proportion of credit-constrained households. Agents who do not have access to financial markets can not properly their consumption, and so their consumption choices are responsive to changes in income. This means that the AD curve is going to be in the country with the larger share of credit-constrained households.
Answers: 3
Business, 22.06.2019 19:00, bussbhsvssu557
The market demand curve for a popular teen magazine is given by q = 80 - 10p where p is the magazine price in dollars per issue and q is the weekly magazine circulation in units of 10,000. if the circulation is 400,000 per week at the current price, what is the consumer surplus for a teen reader with maximum willingness to pay of $3 per issue?
Answers: 1
Business, 22.06.2019 20:40, duhfiywge8885
Consider an economy where the government's budget is initially balanced. the production function, consumption function and investment function can be represented as follows y equals k to the power of alpha l to the power of 1 minus alpha end exponent c equals c subscript 0 plus b left parenthesis y minus t right parenthesis i equals i subscript 0 minus d r suppose that taxes increase. what happens to the equilibrium level of output?
Answers: 1
Business, 23.06.2019 23:30, zelles9300
What should be a future effect upon the economy if a expansionary fiscal policy continues in an economy with an increasing budget deficit and growing national debt? a) deflation b) low inflation c) high inflation d) not enough information given
Answers: 1
Compare two economies, which differ only in their share of credit-constrained households but are ide...
Social Studies, 19.03.2020 06:48
Mathematics, 19.03.2020 06:48
Mathematics, 19.03.2020 06:48