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Assignment: Part A: 1. Describe three (3) ways we can use macroeconomic analysis, with one (1) original example for each way.
2. You are running a small yard maintenance business for the summer. What do you expect to happen to the number of yards you can maintain in a day as you add workers if you don't purchase more capital equipment (like mowers and leaf blowers)? Provide at least two (2) supporting facts to support your response.
Part B: 1. Using the real business cycle theory, explain two (2) effects of an adverse technological shock on the labor market and on the output market.
2. Suppose you were interested in increasing technological progress in your country. Suggest two (2) ways to do this.
Directions: Sources must be cited in APA format. Your response should be four (4) double-spaced pages.
What are the four main components of aggregate demand? Which is the largest? Which is the smallest?
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What is marginal revenue product, and how does it work? Consider why some workers earn higher wages than others, some landowners higher rental income than others, and some capital owners greater profit than others?
Elucidate the macroeconomic and microeconomic concepts and how they relate to the management of a global organization.
What are the components of GDP, and how does energy consumption enter each of these components? How would changes in energy prices, such as oil price shocks, possibly affect GDP growth? Please explain the related impacts on inflation and unemploym..
The current required reserve ratio = 10%. Assume there exists a total of 4 banks. They have the following balance sheet items at the end of a business day, where all remaining assets are kept as reserves at the Fed
During the 1980s and 1990s, a period of economic conservative governments in much of the West and Japan, a leading approach among development economists was
Suppose that Investment spending of 420 is added (I = 420). Find Ye1. • Then suppose that we find that ΔI = 40. Find Ye2.
A rural utility company provides standby power to pumping stations using diesel-powered generators. an alternative has arisen whereby the utility could use a combination of wind and solar power generators, but it will be a few years before the ene..
Given the following info, indicate whether you would expect the demand for labor in the markets inelastic or elastic. Explain why.
Southwest says their policy, in place since 1980, is designed to provide comfort for the person sitting next to an 'oversized' passenger. An airline survey revealed that the number one complaint (since the year 2000) has consistently been that "pa..
My late father was a high school teacher and I recently found among his things a 40-year old sheet with which I was once very familiar. He had used this sheet as an example of the kind of services provided by the Federal government.
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