Equations for C, I, G, and NX are given below. If the equilibrium level of GDP is 21,500, what is the marginal propensity to consume?
C = 1,500 + (MPC)Y
I = 1,000
G = 2,000
NX = -200
A) 0.67 B) 0.75 C) 0.8 D) 0.9
Question 2
Refer to Figure 29-3. Consider the market for U.S. dollars against the Japanese yen shown above. An event which could have caused the changes shown in the graph would be
A) an economic expansion in the United States.
B) an increase in U.S. real income.
C) a decrease in Japanese interest rates.
D) speculators expect the dollar to depreciate in value in the near future.
Othmer’s Equilibrium Still Schematic Diagram
Chemical equilibrium and the law of mass action.
The level of emissions from transport in the United States is twice as high as the global average
The gap between the projected level of greenhouse gas emissions
Solow Model with Saving Dependent on Income Level
Write equilibrium constant expressions for the following reactions in terms of concentration: