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Suppose there are three economies with 3 different consumption functions: Country A: C = 100 + 0.8Y Country B: C = 200 + 0.75 Y
Country C: C = 75 + 0.9Y
If the government spending increases by 10, in which of these countries would the shift of the AD curve be the largest?
Promissory Note
A written and signed promise to pay a specified sum of money to a particular person or bearer on a specified date.
Compounded Semi-Annually
The process of calculating interest on both the initial principal and the accumulated interest over half-year periods.
Annual Rate of Appreciation
The rate at which an investment or real estate increases in value over a one-year period, expressed as a percentage.
Quarterly Compounded
Refers to the process of calculating and adding interest to the principal amount of an investment or loan on a quarterly basis.
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