Business, 12.07.2019 01:20, tomasgarrido10
The u. s. economy slowed significantly in early 2008, and policy makers were extremely concerned about growth. to boost the economy, congress passed several relief packages (the economic stimulus act of 2008 and the american recovery and reinvestment act of 2009) that combined would deliver about $700 billion in government spending. assume, for the sake of argument, that this spending was in the form of payments made directly to consumers. the objective was to boost the economy by increasing the disposable income of american consumers.
calculate the initial change in aggregate consumer spending as a consequence of this policy measure if the marginal propensity to consume (mpc) in the united states is 0.5. then calculate the resulting change in real gdp arising from the $700 billion in payments.
Answers: 1
Business, 22.06.2019 10:40, esta54
At cooly cola, we are testing the appeal of our new diet one cola. in a taste test of 250 randomly chosen cola drinkers, 200 consumers preferred diet one cola to the leading brand. assuming that the sample were large enough, the large-sample 95% confidence interval for the population proportion of cola drinkers that prefer diet one cola would be:
Answers: 1
Business, 22.06.2019 17:50, pickles3233
The management of a supermarket wants to adopt a new promotional policy of giving a free gift to every customer who spends > a certain amount per visit at this supermarket. the expectation of the management is that after this promotional policy is advertised, the expenditures for all customers at this supermarket will be normally distributed with a mean of $95 and a standard deviation of $20. if the management wants to give free gifts to at most 10% of the customers, what should the amount be above which a customer would receive a free gift?
Answers: 1
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