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Identify at least one economic model

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Reference no: EM133251894

Instructions

Question 1.

For each of the two "things" you have chosen, identify at least one economic model or assumption being criticized. Explain the original model/assumption and its criticism. The original model or assumption should fall under one of the topic categories we have covered in class:

a. Trade/Comparative Advantage/Absolute Advantage

b. Gross Domestic Product (GDP)

c. Stock Markets

d. Unemployment

e. Inflation

f. Demand and Supply

g. Aggregate Demand and Aggregate Supply

h. Economic Growth and Business Cycles

i. Fiscal Policy

j. Monetary Policy

Reference no: EM133251894

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