"1.Suppose the government spends an additional $100 billion in expansionary fiscal policy. Assume the marginal propensity to consume is 0.75. Show the effect on GDP with: a. 5 rounds of changes in spending
b. A calculation with the fiscal policy multiplier
2. Suppose the government increases taxes by $80 billion in contractionary fiscal policy. The MPC is still 0.75. Show the effect on GDP with:
a. 5 rounds of changes in spending
b. A calculation with the fiscal policy multiplier
3. Assume the scenarios in questions 1 and 2 happen at the same time. This time, assume the MPC is 0.9. What is the effect on real GDP?
4 Suppose that real GDP increased by $100 billion after the government raised taxes and increased spending at the same time. If taxes were raised by $30 billion and the MPC is 0.8, how much was spending increased by?"?

Mark knopf is an auditor who has been asked to provide an audit and financial statement certification for a company that is going public on the new york stock exchange. knopf wants to know his personal liability if the company provides him with inaccurate or false information. which of the following sources of law will him answer that question? a. the city ordinances where the company headquarters is located. b. the state constitution of the state where the company is incorporated. c. code of federal regulations. d. all of the above

Laval produces lamps and home lighting fixtures. its most popular product is a brushed aluminum desk lamp. this lamp is made from components shaped in the fabricating department and assembled in the assembly department. information related to the 22,000 desk lamps produced annually follows. direct materials $280,000direct labor fabricating department (8,000 dlh × $24 per dlh) $192,000assembly department (16,600 dlh × $26 per dlh) $431,600machine hours fabricating department $15,200mhassembly department $20,850mhexpected overhead cost and related data for the two production departments follow. fabricating assemblydirect labor hours 150,000dlh 295,000dlhmachine hours 161,000mh 128,000mhoverhead cost $400,000 430,000required1. determine the plantwide overhead rate for laval using direct labor hours as a base.2. determine the total manufacturing cost per unit for the aluminum desk lamp using the plantwide overhead rate.3. compute departmental overhead rates based on machine hours in the fabricating department and direct labor hours in the assembly department.4. use departmental overhead rates from requirement 3 to determine the total manufacturing cost per unit for the aluminum desk lamps.

Which of the following is not a characteristic of a weak economy? a. a low employment rateb. a high inflation ratec. a decreased gdpd. a high unemployment rate