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Assignment:
Locate an article written within the past year from one of the following sources (Harvard Business Review, Forbes, The Financial Times, The Economist, Bloomberg Businessweek, or the Wall Street Journal) that discusses an aspect of applied macroeconomic theory being covered throughout the specific week (e.g., Macroeconomic Perspectives (GDP), Aggregate Demand/Aggregate Supply/Aggregate Equilibrium, etc.). Note, please utilize the GMC Library Services to supplement your article search process at
For this Journal Assessment, your applied theory concepts that can be used in the article search include the following below.
The Journal Assessment will include a detailed summary of the article, your reaction to the article, your answers to the below questions, and a complete citation of the source (or sources if you choose to use additional sources to back up your point of view with factual evidence).
Explain why does the aggregate supply curve become very steep after potential output is reached. What does it mean for inflation when the demand curve shifts and crosses into this steep portion of the supply curve.
Recently Nepal experienced a catastrophic earthquake killing thousands of people. Using the information you have learned in this class explain how this catastrophic event will affect the world's economy along with Nepal's economy. Use graph..
You have calculated the expected NPV of project A to be $3,758 and that of project B to be $3,114. Can you be certain that you should recommend to your management to implement project A.
Discussing the Keynesian explanation of prolonged recessionary and inflationary gaps as well as the Keynesian approach to correcting these problems
Set up the problem of the firm. Solve for the supplies of goods (y1; y2) and demands for labor (N1, N2). Show that the profits of the firm in each period, π1 and π2, have to equal 0 in equilibrium. Define the competitive equilibrium
1. a worker in equador can earn 3 per day making cotton cloth on a hand loom. a worker in the united states can earn 70
Elucidate why the Aggregate Supply curve becomes increasingly steeply sloped at levels of RGDP.
The marginal private cost of care to a household is less than the marginal social cost of providing that care. Explain why the household has an incentive to purchase a lot of health-care services in such a case?
Some economists claim that the government should always use monetary policy to stabilize (or target) the real interest rate
List and briefly describe the four main responsibilities of the Federal Reserve.
Considering your country and generally considering the knowledge of economics, what are the four main economic goals in our countries irrespective of whatever political party is in power?
1. Why not impose tariffs on all products? What economic arguments would you use to defend or criticize the use of tariffs?
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