To get value of consumption at equilibrium‚ simply plug in Y = 2000 in the consumption function to get: C= 400+.75(2000) C= 400+ 1500 C= 1900 S= Y- C S= 2000-1900 S= 100 C = 1900 and S = 100 (c) Suppose planned investment increases by 100. Calculate the new equilibrium level of income. Given your answer‚ what is the size of the multiplier for this economy? Y-.75Y=400+200
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Panasonic and Japans Changing Culture In Japan in 1918 Konosuke Matsushita founded Matsushita Electric a consumer electronics company which is known today as Panasonic. Panasonic has offices in 58 different countries and is regarded as one of the world’s largest electronics companies. (Panasonic‚ 2013) Panasonic alike many other Japanese companies was established on a Confucian value system. The Confucian value system consists of three main elements; reciprocal obligations‚ honesty and loyalty
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19th Century Theories 1. Continental thought in the early 19th Century was shaped by a philosophy that rejected material things in favor of a search for inner truth. This philosophy was (a) Cartesian rationalism. (b) classical economics. (c) Marxian economics. (d) social rationalism. (e) dialectical materialism. 2. A school of thought influenced by Auguste Comte’s determinism‚ and which contended that Ricardians “confined the observations on which they based their reasoning to the small
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BANGLADESH Md. Anwar Hossen‚ Department of Economics ‚ Shahjalal University of Science and Technology‚ Sylhet‚ Bangladesh‚Email: anwarbabu40@gmail.com 1. Introduction A debate has been raging in the country on whether transit facilities should be given to India or not through the land territory of Bangladesh. Some argue that it should not be given unless some core bilateral issues with India are resolved‚ while some have advanced the view that transit is an economic issue for trade facilitation and should
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by Char4U.com The Chinese civilization was a much older civilization than the Japanese civilization. The Chinese and the Japanese had cultural and commercial relations that date back to 200 A.D. Chinese culture flowed out of China and into Japan to influence Japanese culture in several waves. The degree to which the Japanese adopted Chinese cultural influences depended on the receptivity of the latter at that particular historical juncture. Chinese influence on Japanese culture is readily
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Innovation and Regulation (vi) Failure of Global Corporate Governance Impact of the Economic Crisis on India (i) Offshoot of Globalized Economy (ii)Aspects of Financial Turmoil in India- Capital Outflow Impact on Stock and Forex Market Impact on the Indian Banking System Impact on IT Sector Impact on Industrial Sector and Export Prospect Impact on Employment Impact on poverty (iii) Indian Economic Outlook India’s Crisis Responses and Challenges (i) RBI’s Crisis Response (ii) Government’s
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Purpose of doing this topic: I like Japanese culture food so much and I would like to share some of the type of foods that are famous in Japan. Introduction of Japanese culture food Japanese food is very varied. I introduce the food and the cooking method from all over the world and introduce the typical Japanese food here. The characteristics of Japanese food - Value on the appearance - Light seasoning basically by soy sauce - Use chopsticks when you eat Beautiful and delicate
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Paper China and Japan China and Japan are two different countries with two different cultures. Both of their values are different and both of their economies are different. A lot of times‚ being in the United States‚ we really don’t understand the differences between two countries that seem so similar to us. Yet‚ in reality‚ they are so different that sometimes we need a better understanding of what really goes on behind the scenes of both countries. China and Japan face many primary issues
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The Economic Effect on Japan during Post World War II Japan’s economy was greatly affected by the atomic bombs dropped on both Hiroshima and Nagasaki. Japan’s economic recovery as a result of this incident transformed Japan’s economic growth which has become known as the "Economic Miracle." The bombs caused Japan to reconstruct many more facilities in which the economy moved forward. The Economic Planning Agency‚ which used to be known as the Economic Stabilization Board‚ helped Japan to
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Introduction THE NATIONAL INCOME One of the basic questions facing economics centers on whether the total output of goods and services is growing from year to year or it remains static. This question is very important because countries are keenly interested in the performance of their economy. National income estimates enable countries to calculate the total production of goods and services in a year. The lecture also focuses on the measurement of national income and their problems‚ uses
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