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Choose a current event that addresses one of the following economic concepts:
a. Aggregate demand and supplyb. Keynesian Economicsc. Fiscal Macroeconomic Policy
Use graphical analysis to analyze the issues presented in the current event (possible graphs:, aggregate demand/supply curves, AD AS shifts due to economic shocks, taxes and government spending, any other curve or equation discussed related to this section)
Compute the value of the price index for GDP for 2006 using 2005 as the base year. By what percent did prices increase.
If the price elasticity of demand for gasoline is 0.3 and the current price is $3.20 per gallon, what rise in the price of gasoline will reduce its consumption by 10 percent.
Mylie’s total utility from singing the same song over and over is 50 utils after one repetition, 90 utils after two repetitions, 70 utils after three repetitions
Plank's Plants had net income of $2,000 on sales of $50,000 past year. The company paid a dividend of $500. Total assets were $100,000, of which $40,000 was financed through debt.
Since the fast-food business is very competitive, the manager would like to ensure that sufficient ground beef is available in her restaurant each day so that the probability is no greater than 1% that the day's supply is exhausted.
Is it possible that the levels of unemployment present day which are the result of government policies.
Suppose you are an advisor to President Obama. Illustrate what fiscal policies would you put in place.
Explain what the various limitations are to a successful fiscal stimulus. Be sure to consider the damaging activities and decisions of (a) private corporations, (b) commercial banks, and (c) wealthy individuals. Explore how these three leadership ..
Illustrate what is the effect on the supply and demand of skateboards. Every events described below will have some impact on the demand for skateboards.
Assume that Mf = Ma. Find the real wage that makes total labor supply and total labor demand exactly equal to each other (this is called, the equilibrium real wage). Find the equilibrium number of hours worked in this economy
Define and explain an open and closed system. Provide an example for both. Explain the inner and outer flows of an open and closed system. Define and explain leakages and injections in an open system.
Economists generally agree that high budget deficits today will reduce the growth rate of the economy in the future
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