Again imagine that you kept the sticky lemonade price even though demand has

Again imagine that you kept the sticky lemonade price

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25.00 70
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Again imagine that you kept the “sticky” lemonade price even though demand has changed (use the price you found in #12). What is the profit now? $ Feedback: The excel table below shows solutions for all of part 2.
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Points Earned: 3.0/3.0 21.Consumption is positively related to stock market wealth but negatively related to taxes and tax rates. Points Earned: 1.0/1.
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0 22.If aggregate expenditures rise unexpectedly, then inventories will also rise unexpectedly. Points Earned: 1.0/1. 0 23.Services are the most interest rate sensitive component of consumption. A) TrueB) FalseCorrect Answer(s):False Points Earned: 1.0/1. 0 24.Investment is the most cyclical component of aggregate expenditures. Points Earned: 1.0/1. 0 25.The 'job-loss' recovery occurred following the 2001 recession.
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Points Earned: 1.0/1. 0 26.Negative real interest rates imply that if you save today, you can purchase a smaller basket of goods and services in the future, relative to the basket you could have consumed today. Points Earned: 1.0/1. 0 27.The higher the marginal propensity to consume the more powerful tax policy is to influencing consumption. A) TrueB) FalseCorrect Answer(s):True Points Earned: 1.0/1. 0 28.According to the results of the estimated consumption function, consumption is more sensitive to changes in stock market wealth relative to changes in real estate wealth. Points Earned: 1.0/1.
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0 29.The sensitivity parameter in the consumption function that measures how sensitive consumption is to changes in consumer confidence is referred to as the marginal propensity to consume. Points Earned: 0.0/1. 0 30.In a consumption function with income (Y) on the horizontal axis and consumption (C) on thevertical axis, a fall in the real rate of interest (all else constant) will cause a shift upward of the consumption function. Points Earned: 1.0/1. 0 31.In a consumption function with income (Y) on the horizontal axis and consumption (C) on thevertical axis, a rise in the price level (all else constant) will cause a shift upward of the consumption function. A) TrueB) FalseCorrect False Points Earned: 1.0/1. 0
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Answer(s):
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