Given the following data on the market basket of goods in 2022 and 2023, calculate the total value of the basket in each year.Table:GoodsQuantityPrice in 2022Price in 2023Pens100$1.00$1.80Cans of Soda100$2.00$2.20Cups of Coffee200$2.00$3.00What is the total value of the basket in 2023?

A contractionary fiscal policy:

Given a marginal propensity to consume (MPC) of 0.75, how much of an increase/decrease in government spending is needed to move the economy from E1 (actual output = 1,200 trillion dollars) to the long-run equilibrium (potential output = 1,000 trillion dollars)?

Which of the following is NOT a government transfer payment? 

If the stock of existing physical capital decreases, all other things unchanged, the aggregate demand curve will:

Given the following data on the market basket of goods in 2022 and 2023, calculate the total value of the basket in each year.Table:GoodsQuantityPrice in 2022Price in 2023Pens100$1.00$1.80Cans of Soda100$2.00$2.20Cups of Coffee200$2.00$3.00What is the total value of the basket in 2022?

If Ryan experiences an increase in his income, then we would expect Ryan’s demand for

What is the difference between a veterinary technician and a veterinary technologist in the United States?

An inflationary gap can be closed by _____ wages that shift the _____.

In the fictional country of Lunoria, the economy is producing 4,100 trillion dollars in 2031, while the potential output is 3,500 trillion dollars.Which type of gap do we have, and to close the gap, should the Federal Reserve buy or sell Treasury bills (Bonds)?