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How has the U.S. economy been doing in recent years? Why do you think that is? Gather relevant economic statistics, such as the growth rate of real GDP, the unemployment rate, and the inflation rate, to support your case. (Hint: use the information we've covered and you've researched in the data project about GDP, business cycles, unemployment, and inflation to build your argument). Did any of the data from the project surprise you? Which data? Why? Does this data indicate a growing, stagnant or declining economy? What does this data tell you about the health of our economy? Why?Find a current news or journal article that describes our current economy and that supports your opinion. Summarize the article and indicate how it supports your opinion.
A company in a perfectly-competitive industry where market price of output prevailing is $50 per unit has a cost function where;
With the AD-AS model, what will be the impact of expansionary demand management policy on the economy?
What will happen to the long-run inflation rate, assuming constant velocity?
A company's total sales in a year were £950,000. The cost price of goods sold was £480,000.
Construct an explanation of the short-run effect for the scenario in bold (meaning the determinant of Aggregate demand or Aggregate supply
Describe activities in your organization (Verizon Wireless) or other organizations that result in economies of scale and economies of scope.
in addition to the latest unemployment and inflation estimates, do you estimate good or bad times ahead for the U.S. economy in the next five to ten years?
(a) "In the classical model, level of output and employment are determined solely by supply sidefactors". ELABORATE.
In detail, explain how the 5 variables/determinants of Demand, Be sure to relate your explanations back to the definition of Demand and the Law of Demand.
1 Government in all economies play an active economic role. Jamaica: i. Identify and explain four major economic roles of government.
Upon entering college, Meena borrowed the limit of $5000 on her credit card to help pay expenses. The credit card company charges 19.95% annual interest, compounded continuously. how much will meena owe when she graduates in four years?
What is the maximum amount of good Y that can be purchased if X and Y are the only two goods available for purchase and P x = $5, P y = $10, X = 20, and M = 500?
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