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Your organization's CEO is concerned that members of the strategic planning committee are not familiar with current economic thought and principles. The CEO has assigned you the task of developing an 875-word report to introduce some of these thoughts and principles. Use Principles of Macroeconomics as your only source.
Explain the following information in your report to members of the strategic planning committee:
• How economists are both scientists and policymakers and what principles society uses to allocate its scarce resources?• Using the circular flow model, explain the flow of money and goods in an economy.• How the economy coordinates society's independent economic actors?• A country's gross domestic product (GDP) and how it is defined and calculated.• How the consumer price index (CPI) is constructed and why it is an imperfect measurement of the cost of living?
Suppose desired investment for the economy represented in the table above is $200 billion. Plot the consumption and investment function. What value is the equilibrium level of income What is the marginal propensity to consume
Assume that the wholesale skim milk market is perfectly competitive. Suppose demand is described by P=5.10-0.80Q and supply is described by P=1.90+0.20Q. If there are no price controls, what would be the equilibrium quantity?
1. For this problem assume that the economy is initially at potential. Inflation is 3% and the real interest rate is equal to the marginal product of capital, which is 4%. As well, when the economy is at potential unemployment is 5%. Final..
the cross price elasticity of demand of soft drinks for popcorn is -2.0; and the income elasticity of demand for soft drinks is 1.2. Use this information to answer the following question.
Assignments submitted through this link will be checked using SafeAssign by Blackboard. Your work will not be used for any purpose other than preventing plagiarism in the University. Ownership of the intellectual property contained in your written wo..
Create a tracking portfolio to capture this gain. Explain what your tracking portfolio is made up of. Explain how you use it to make a profit. Be specific.
Why are people who possess specific human capital less likely to change jobs, other things being equal, than those who possess general human capital? Does this imply that people who possess large amounts of specific human capital will never migrate? ..
explain the major factors that affect the degree of competitiveness in your business. use the data to develop at least
A few years ago, a construction manager earning $70,000 per year working for a regional home builder decided to open his own home building company. He took $100,000 out of one of his investment accounts that had been earning around 6% a year and used..
Explain price elasticity of demand. Explain three factors that affect price elasticity of demand - Do you think the demand for sugar is price elastic or inelastic?
If an effort to “maintain national security” government demands the wheat growers in America to produce Qs=16million pounds per year. The market can be expressed as P=120-3Qd and P=5Qs. What is the result of the government’s actions?
The price elasticity of demand for QD elastic or inelastic?
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