You have found a new organism that no one has ever seen befo…
You have found a new organism that no one has ever seen before. As you work on identifying it, you discover that its babies have three layers of tissue when they are embryos. As adults, they have a body cavity but it can’t be considered a coelom. This organism is most likely to be…
Read DetailsSuppose that, on average, electricians earn approximately µ …
Suppose that, on average, electricians earn approximately µ = $54,000 per year in the United States. Assume that the distribution for electricians’ yearly earnings is normally distributed and that the standard deviation is σ = $12,000.What is the probability that the average salary of four randomly selected electricians exceeds $60,000?
Read DetailsSuppose America is currently experiencing an AD Shortfall of…
Suppose America is currently experiencing an AD Shortfall of $2,000 billion. By how much should the federal government increase its spending on goods, services and public capital projects to return the economy to a long-run macro equilibrium? Assume the Marginal Propensity to Consume (MPC) is 0.80.
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