Week 2 for ECO 372 class was a good one. The week went quite smoothly. I understood the GDP topic very quickly as it interests me a lot. I did a good amount of research on internet while answering this week DQs. I have already. I learned a lot of things from this week. Although I did a great deal of research in answering the DQs but still, I attempted the DQ 2 (With Numerical Data). Here it is:
2. The marginal propensity to consume is 0.8 and autonomous expenditures have just increased by $122. Equilibrium income will drop by $488...
Week 2 for ECO 372 class was a good one. The week went quite smoothly. I understo