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A rule of thumb used by many economists is that for every one dollar increase in a household's wealth, the members of that household increase their spending by 3 to 5 cents.
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The model showed how markets magnify the impact of outside shocks and turn, say, an initial one dollar increase in foreign investment into a several dollar increase in total domestic income, to be followed by a decline.
The marginal effect of price is −4.55 (alpha < 1%), indicating that a one dollar increase in price will result in a 4.55% decrease in the probability of selecting California pistachio.
Since each recipient owed taxes on this money, increasing M1 by one dollar increased the tax base by seven dollars.
President Obama has offered a plan with 4 trillion dollars in debt reduction over a decade, with two and a half dollars of spending reductions for every one dollar of revenue increases, and tight controls on future spending.
The rigid dogmatism of the GOP position was placed in even sharper relief in August 2011, when candidates were asked at a Republican presidential debate in Iowa to raise their hand if they would accept a deal that cut ten dollars from the deficit in spending for every one dollar in tax increases.
A top Senate aide said that Democratic negotiators were looking to attach a trigger mechanism to the final debt ceiling deal, dictating that if the ratio of debt to GDP wasn't reduced in a certain amount of time, Congress would be forced to pass reduction measures that had a ratio of three dollars in spending cuts to every one dollar in tax increases.
Ray Baker estimates that 10 dollars flow out each year for every one dollar that flows in.
Alex Gertner: We found that a one-dollar increase in the real minimum wage was associated on average with a 1.9percentt decrease in the annual state suicide rate in adjusted analyses.
Now that New Jersey voters passed a one-dollar increase in the minimum wage in this November's election, Raphael will make $8.25 an hour.
A one hundred dollar increase in health expenditure per capita was associated with a 0.73 (95% CI: 0.56, 0.95) unit increase in TB/HIV mortality rates, meaning, every one hundred US dollars spent on government health expenditure per capita was associated with a 27% reduction in mortality rates (P < 0.05).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com