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help with this. 1) Fill in the blanks with either positively or negatively [5] a) interest rates are correlated with economic growth b) the value

help with this.

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1) Fill in the blanks with either "positively" or "negatively" [5] a) interest rates are correlated with economic growth b) the value of the dollar is correlated with the level of imports c) interest rates are correlated with housing starts d) government spending is correlated with consumption e) consumer confidence is correlated with saving 2) Calculate the GDP gap in Canada if the actual GDP is $800,000,000,000, the natural rate of unemployment is 6.0%, and the actual unemployment rate is 6.8%. 3) Yesterday, the price of a bag of beef jerky was $7.50, and you were willing to buy 10 of them. Today the price has gone up to $9.00, and you are only willing to buy 8. Calculate your coefficient of elasticity of demand for the beef jerky and state whether the demand is relatively elastic or inelastic. 4) The government decides to spend 15 million dollars on infrastructure improvements and the marginal propensity to consume is 0.8. Calculate the following: a) the marginal propensity to withdraw b) the fiscal multiplier c) the expected impact on gross domestic product

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