Briefly explain whether production of each of the goods

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Reference no: EM133791787

Question: Explain two examples of things that might occur which would cause the supply curve to shift from S1 to S2.

Use the following data for a closed economy to calculate the amounts listed below. Explain and show your work in your answers:

Y = $19 trillion
C = $10 trillion
G = $4 trillion
SPublic = $-0.5 trillion
T = $3 trillion
Investment spending
Private saving
Transfer payments
Briefly explain whether production of each of the goods is likely to fluctuate more or less than real GDP does during the business cycle:
Tesla Model 300
McDonald's Big Macs
Whirlpool Refrigerator
Pampers Diapers

You are required to explain your answers for each of the products listed above. Ensure you reference your data sources and any academic articles that support your answers.

Reference no: EM133791787

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