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Explain how the circular flow diagram relates to the current economic situation. Using the circular flow diagram, explain a way that your family interacts in the factor market and a way that it interacts in the products market. Guided Response: Review the discussion board posts of your classmates. Respond to at least two of your classmates and comment on their descriptions of the circular flow diagram and factors of production. Discuss how circular flow relates to current economic situations. Analyze how the law of demand applies to a recent purchase that you made. Describe how the product has changed in price and explain whether the price change is due to supply or demand. Did the change in price affect your decision to purchase the item? Guided Response: Review the discussion board posts of your classmates. Note their analysis of a recent purchase and respond to at least two of your classmates. In your responses, discuss the effects of a price change and how it might alter your decision to make a purchase, according to the determinants of supply or demand.
what do you think about idea of private money? how do you think it would work? if people were free to use whatever
Derive the firm's supply curve, expressing quantity as a function of price. Determine the market supply curve if North Carolina Textiles is one of 1,000 competitors. Compute market supply per day at a market price of $47 per unit.
suppose virginia withdrew 10000 from her bank. if the reserve ratio is 2 percent theen this transaction willl lead to
Seasonal unemployment results from
Discuss how deficit spending relates to the economic collapse of the Greece and Spain economies. Relate their economic collapse to U.S. current economic problems. How does U.S. deficit spending affect our economy? Greece and Spain have introduced ..
If we are able to increase our domestic energy production, and that allows us to import less oil from foreign countries, briefly explain what will happen to the GDP.
If the government had the option to either make changes to the tax rates or vary government spending to combat a recession that is already in progress, which of these two fiscal policies do you think would have a greater time lag to see its effect..
The Federal Government and the Federal Reserve Bank both use their respective policy tools to make "corrections" to the economy. As we learned, both entities are able to stimulate a sluggish economy, as well as "cool down" one that may be growi..
Discuss the law of demand. Graph the following demand- supply equations: Qd= 100- 0.5P Qs = P Compute the equilibrium price and quantity. Discover the excess demand, if the price is set at $50. Presume the government imposes a tax ($2/unit) on the se..
negligence in health care is another important legal issue that health care professionals frequently encounter.
Using regression analysis, find an equation that best fits the data to represent the TVC function and at what sales/output level will marginal costs (MC) reach a minimum?
Why does DMR occur? Explain it in plain English and how is DMR different from diminishing marginal utility? How are they similar?
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