Create graph showing the economic situation you have stated

Assignment Help Microeconomics
Reference no: EM131954230

WRITING ASSIGNMENT

Format:

• The paper be must be a typed, double spaced, with 1inch margin. The font must be Times New Roman, 12 pt.

• Sources should be cited using MLA format

• Research should be conducted from scholarly cites, NO Wikipedia.

• The total length of the paper should be a minimum of two pages and no more than 5.

• Graphs can be hand drawn, scanned and uploaded OR cut and pasted from Excel. Photographs of the graphs is not acceptable. In the case of hand drawn, the lines must be straight.

• The assignment is to be turned in on Safe Assign

Graphs can be hand drawn, scanned and uploaded OR cut and pasted from Excel.

Part One:

Assume the United States has a potential GDP of approximately $20.6 trillion. Use economic indicators from the last eight quarters to make a determination about the state of the economy, whether the U.S is in a recession, expansion or macroeconomic equilibrium. You must explain and support your answer with information you have researched and learned during the semester. Any research that is used must be cited in the paper. This information should include the following:

• Real GDP
• Unemployment rate
• Labor Force Participation rate
• Inflation rate

Part Two:

Draw a graph (AD-AS w/LRAS) showing the economic situation you have stated in Part One. The graph should be clearly labeled. Include a paragraph which describes the graph. Bar graphs, circle graphs and the PPF are not appropriate graphs for this part.

Reference no: EM131954230

Questions Cloud

Summarize the article : Describe one to two (1-2) aspects of each article that are relevant to the research topic you have chosen.
What is the irr of the decision to keep the old machine : What is the NPV of the decision to keep the old machine? What is the IRR of the decision to keep the old machine?
What is slack value and what is dual value : What is slack value and what is dual value? Are the two related?
Calculate stock expected return : A stock's price is $100 at the beginning of a year. Calculate the stock's expected return.
Create graph showing the economic situation you have stated : Draw a graph (AD-AS w/LRAS) showing the economic situation you have stated in Part One. The graph should be clearly labeled.
Determine ?the chi squared test? statistic : Determine ?(a) the chi squared test? statistic,? (b) the degrees of? freedom, ?(c) the critical value using alpha equals 0.05?, and ?(d) test the hypothesis
Analyze how you can use trend analysis for business venture : "Evaluating Financial Performance" Please respond to the following: Analyze how you can use trend analysis for your business venture from Assignment 1.
Investigate the contemporary issue of international salience : Identify and summarize the position on the issue/topic taken by (3) inter-governmental organizations.
What is the significance of the correlation coefficient : What is the significance of the correlation coefficient and how is it used? Provide an example in your response.

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd