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Please write an APA formatting and write 80% of your words and 10% citation at the end include the references use it to develop this paper.
Answer all the questions below
Think of a product that you have purchased recently (e.g. soda, diapers, takeout meals, milk, shoes, manicure/pedicure, video game, etc...). Explain how the law of demand affected your purchase. Give specific examples of how the determinants of demand and supply affect this product (T-I-P-E-N and P-R-E-S-T). What happens to the demand curve and the supply curve when any of these determinants change? What would cause a change in demand versus a movement along the same demand curve for this product? How would you determine the new equilibrium price and quantity that result from these changes? Can you demonstrate some of these changes graphically? This is the Book for my class if you have it please use it; if not please submit the reference that you will use Bade, R. & Parkin, M. (2015). Essential Foundations of Economics (7th ed.). Hoboken, NJ: Pearson Education, Inc.
What criterion could you use to determine whether a small country named "Isoland" is a net importer of oil?
The Consumer Price Index in Period 1 is 107.5. It is 103.8 in Period 2. What is the inflation or deflation rate? State answer as a percentage rounded to one decimal place.
Quarter One - Consumer income has been on the rise and it is predicted to rise again in the first quarter of this year. Mexico and Canada have been forecast to have a very good first quarter also with the income of their average citizen on the ri..
What are the major similarities and major differences between the direct and indirect channels of monetary policy?
hypothetical national income statistics for a country.percentage change unless indicated
According to the quantity theory of money, what is the effect of increase in quantity of money?
However, this simple distinction does not adequately describe how macroeconomics differs from microeconomics. For this assignment you need to identify and describe three differences between macroeconomics and microeconomics.
Discuss the roles of external economies and knowledge spillovers in shaping comparative advantage and international trade patterns. Introduction, literature survey, theoretical framework, suggested implications and conclusion.
Is aggregate demand a specific dollar amount? - Explain each of the following:- real balance effect- interest rate effect- international trade effect.
Consider the production function Q = K0.5L0.5 where K is capital and L is labor. Suppose capital is fixed at 400 in the short-run. What is the short-run total product?
Elucidate three arious ways in which the Federal Reserve would change the money supply.
What is the resource triangle and how does it relate to the revolution in unconventional oil and natural gas production?
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