« previous next »

Author Question: Use the data in the Worked Problem on p. 287 (page 699 in Economics). Calculate the change in ... (Read 38 times)

Tirant22

  • Hero Member
  • *****
  • Posts: 532
on: Jun 29, 2018
Use the data in the Worked Problem on p. 287 (page 699 in Economics). Calculate the change in equilibrium expenditure when investment decreases by 150 billion.
 
  What will be an ideal response?

Question 2

A recent study indicated that Stricter college alcohol policies such as raising the price of alcohol, or banning alcohol on campus, decreases the number of students who use marijuana.
 
  This indicates that the cross-price elasticity between alcohol and marijuana is positive.
 
 
  Indicate whether the statement is true or false


alexanderhamilton

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jun 29, 2018
Answer to Question 1

The multiplier equals 4 . Consequently the change in equilibrium expenditure equals (4)  (150 billion), or a decrease of 600 billion.

Answer to Question 2

FALSE


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Acquiring Weather Data Acquiring Weather Data
International Economics: Theory and Policy (10th Edition) International Economics: Theory and Policy (10th Edition)
Problem Problem
Gravitational Force Due to a Distribution of Mass problem 2 Gravitational Force Due to a Distribution of Mass problem 2
Economics question Economics question
linear programming problem, applying simplex method and sensitivity analysis linear programming problem, applying simplex method and sensitivity analysis
Video: Muscle cell structures - actin, myosin and titin filaments

For a complete list of videos, visit our video library