In a simple economy with no government and no foreign sector, autonomous consumer spending is $250 and planned investment spending is $500. The marginal propensity to consume is 0.80. a. Solve for the equilibrium level of real GDP. b. Suppose that interest rates fall and planned investment increases by $100. What is the new level of equilibrium real GDP

Becky fenton has 40/80/40 automobile insurance coverage. if two other people are awarded $75,000 each for injuries in an auto accident in which becky was judged at fault, how much of this judgment would the insurance cover?

Which of the following best explains how the invention of money affected the barter system? a. the invention of money supplemented the barter system by providing a nonperishable medium of exchange b. the invention of money completely replaced the barter system with a free-market system c. the invention of money had no effect on the barter system d. the invention of money drastically reduced the value of goods used in the barter system 2b2t

If a team of three workers, each making the u.s. federal minimum wage, produced these 12 rugs, what would the total labor cost be? don't forget that these workers would be working overtime.