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This week should be a continuation of week 1. Now that you have selected a country like Russia and know basic socio-demographic and socio-economic information about it, during week 2, you need to relate it to this week's material. In particular, we will use the United States - the world's largest economy - as the comparative. You compare your country to the United States on each of the economic variables listed below.
Each week your submission must be in a Word document in report format, not in a Q&A format. So remember to use paragraphs and a report structure to your assignment.
Make sure you write in a clear, concise, and organized manner; demonstrate ethical scholarship in accurate representation and attribution of sources; and display accurate spelling, grammar, and punctuation.
Discuss within your Learning Team how and why the U.S.'s deficit, surplus and debt
Now, suppose that initially z=2 and the economy is in the steady state you calculated in part a. . Then suppose that z falls to 1.8 permanently. What is the new steady state? Determine capital per worker znd output per worker in each of the first ..
Any change in the economy's total expenditures would be expected to translate into a change in GDP that was larger than the initial change in spending. This phenomenon is known as themultiplier effect. Explain how the multiplier effect works
In 2008, box industry was perfectly competitive. The lowest point on long run average cost curve of each of the identical box producers was $4,
When did Federal Reserve chair Janet Yellen say an interest rate increase may be coming, if at all? What are three improvements in the U.S. economy that she wants to see before deciding on increasing interest rates?
Suppose that the supply curve for a good is vertical while the demand curve slopes downward. If a tax is imposed in this market
1. Suppose you can hire your mechanic for up to six hours. The total benefit and total cost functions are B(H) = 654H - 40H2 and C(H) = 110H + 120H2. The corresponding formulas for marginal benefit and marginal cost are MB(H) = 654 - 80H and MC(H) ..
To determine the equilibrium price level and equilibrium level of real GDP, the aggregate demand and aggregate supply must?
A binding minimum wage is expected to increase unemployment among minimum wage workers. Two years ago, the Congressional Budget Office recently issued its estimate of the effects of an increase of the minimum wage to just over $10/hour.
Illustrate what are some of the considerations in term of opportunity costs that you would have to include in arriving at your decision?
Describe how the federal reserve kept the US from sliding into a deeper recession after.
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