The supply chain represents the cumulative sum of different suppliers, which for multinational enterprises may encompass firms in three, four, or five continents. For smaller businesses, the entire supply chain may be local to only one c...
Explain what is a multiplier in economics. Summarize the Keynesian and neoclassical models. What is the best way for a layman to better understand macroeconomics? Why is it not possible to explain oil crises using Keynesian economics? Explain Keynes's theory that increases in aggregate demand prope...
What is the Keynesian explanation of why today's economy is growing slowly? One of the important macroeconomic issues relates to the economic multiplier. Explain what the multiplier is in economic terms and explain why it is important. Explain why the marginal cost curve ...
Explain the concept of the multiplier effect. Explain the crowding hypothesis and construct a graph of it. Using the one-period model as an example, explain how crowding out works. Explain impact of lifted quota in the economy. Does crowding out occur in the long run or the short run? Exp...
Does crowding out occur in the long run or the short run? Explain. Explain the concept of entitlement spending and provide an example. Describe the concept of marginality and diminishing marginality. Explain the concept of the multiplier effect. How can you explain a situation where s...
Explain what could happen to the money multiplier (M) in a financial crisis and what is the likely impact of change in M to the economy? Explain restrictions on loans and the advances in banking companies. What are the types of market efficienci...
What is a multiplier in macroeconomics? In a traditional economy, what are the economic decisions based largely on? What is price theory in economics? What is present value in economics? What is the basic postulate of economics? What type of economic growth do most developed economies experience...
from Chapter 3 / Lesson 1 262K Economics involves allocating resources to meet peoples' needs and desires for goods and services. Explore the definition and types of economics including microeconomics and macroeconomics and learn about growth vs. sustainability. Related...
If the marginal propensity to consume is 0.8, a) what is the value of the multiplier? b) what is the marginal propensity to save? The amount of one good or service that must be forgone to obtain an additional unit of another good is kno...
The augmented functional is constructed by the Lagrange multiplier method: Y′=∫T0{[m1E(t)+m2I(t)+m3J(t)+μβ21(t)2]+λ1(t)[α1(K−S−E−I−J)−α2S(t)[ϵII+ϵEE]−γ1S− S˙]+λ2(t)[α2S[ϵII+ϵEE]−α3E(t)−γ2E− E˙]+λ3(t)[α3E...