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MPC is 75/100 so the multiplier will be 1/(1/4) = 4. Equilibrium level of income occurs when income = expenditure which is evident at $500. Thus the answer is B

While I agree with this statement, IMO the reasoning is a little convoluted, especially for a multiple choice question which usually would not expect you to use this higher order thinking - If a country is experiencing a boom, fixing the exchange rate below equilibrium will devalue it more and...

Goods that provide positive externalities (i.e. merit goods) are underproduced because the benefits of the good have not been taken into account when constructing demand supply curves - essentially, the intersection of MPB (Marginal Private Benefit) and MPC (Marginal Private Cost) creates an...

As a general rule, the amount of goods being exported to other countries determines the levels of economic growth - lower commodity prices increases the demand for exports, which increases exports and thus raises economic growth. Similarly, if a country experiences a depreciation in their...

The usual procedure for obtaining specific pH's is to simply find a substance that has that pH - if you mix an acid with a base, you neutralise it and form water and a salt. If you're unable to get substances with pH's, you can always try diluting the more acidic/alkaline solutions to reach the...

So i'm familiar with the main ones; physical, imaginary, etc etc. However i'm having trouble understanding some: What is the difference between a mental and inner journey? are they just different words for the same thing? Also, what encompasses a psychological journey? i think it's when one...

Thanks for the response! I was wondering what criteria one would use to determine a related text; you said that the related text doesn't have to be about guilt, so does it mean that for something to be a related text they really only have to have the smallest of similarities, or share similar...

I've been given an assignment for Yr 11 English to find two related texts, film and short story/poem that relate to our class novel, which is Atonement. For those who don't know, Atonement is a book about the emotional Journey of guilt, and towards redemption. Do you guys have any suggestions? I...