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What is the current GDP growth rate for the U.S.? Examine the trend over the past few years. What trends interest you? What stage of the Business Cycle would the U.S. economy be in currently given the trends? Why might GDP not be considered an accurate measure of economic well-being of a country? Identify at least three limitations of GDP as a measure of economic well-being.
Suppose foreigners spend $7 billion on U.S exports in a specific year and Americans spend $5 billion on imports from abroad in the same year, what is the amount of the United States net exports?
Defines and explains a closed system and provides an example. Defines and explains an open system and provides an example. Explains the inner and outer flows of a closed system. Explains the inner and outer flows of an open system.
Explain how much more money has the Fed printed and where is it now. What affect will an increased M1 money supply have in the long-run.
Suppose there is an increase in risk aversion by wealth holders in the sense that, other things equal, they want to hold more of their wealth in money (bank deposits) and less in securities.
Examine two methods that the Federal Reserve can implement to support a stronger economic recovery. Provide support for each method in your response.
Write a three to five page essay tracing the development of the role of government in the United States' economy since the War for Independence through the World War II. As a country, have we resolved this issue? Explain your answer.
1. The table below represents how Marco feels about chocolate candy bars. a. Fill in the missing values for total and marginal utility.
Compute the own price elasticity of demand whenever the price goes from $5 to $4.
who are managed with a heart device known as the right heart catheter. Suppose as a result, the FDA limited supply of the heart catheters. Draw the likely effect of the report and subsequent action by the FDA on the market fo rright heart catheter..
Suppose you discovered that a particular model of digital camera could be bought much more cheaply in Minneapolis, Minnesota, than in Flagstaff, Arizona.
What changes did the people in the video expect the Internet to have on government? Which predictions and/or what perceptions proved true and which ones did not? Explain why the Internet fell short of expectations in terms of its impact on politics..
a. What, if anything, can be viewed as a sunk cost? b. What is the rule, as a function of quantity and price, as to whether this manufacturer should shut down? c. If the estimated demand is 500,000 phones, what is the break-even price for phone?
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