Assume That the Consumption Function Is Given by C =

question 24

Essay

Assume that the consumption function is given by C = 200 + 0.5(Y - T) and the investment function is
I = 1,000 - 200r, where r is measured in percent, G equals 300, and T equals 200.
a. What is the numerical formula for the IS curve? (Hint: Substitute for C, I, and G
in the equation Y = C + I + G and then write an equation for Y as a function of r
or r as a function of Y.) Express the equation two ways.
b. What is the slope of the IS curve? (Hint: The slope of the IS curve is the coefficient of Y when the IS curve is written expressing r as a function of Y.)
c. If r is one percent, what is I? what is Y? If r is 3 percent, what is I? what is Y? If
r is 5 percent, what is I? what is Y?
d. If G increases, does the IS curve shift upward and to the right or downward and to the left?

Understand the role of brand positioning in the context of a crisis.

Conceptualize how consumers' perceptions and reactions can affect the brand during a crisis.

Comprehend the strategic planning required for crisis management based on the likelihood and impact of the crisis.

Recognize the importance of authenticity in repairing brand crises.

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Definitions:

Hay Profile Method

A job evaluation technique that analyzes a position based on three major factors: know-how, problem-solving abilities, and accountability, to determine its relative value.

Executive

A high-level manager or administrator in an organization who is responsible for making major decisions and managing operations.

Managerial

Pertaining to the activities, responsibilities, or characteristics of management or managers within an organization.

Wage Surveys

Systematic processes for collecting data about compensation rates for specific jobs within an industry, region, or organizational level to establish competitive and fair wage structures.