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Please synthesize and summarize a short (three - four paragraphs) response for the prompts below. Use proper grammar, spelling, and cite any resources used with APA 6th ed. formatting).
1) What is the relationship between aggregate demand and consumption? Describe the various components of Aggregate Demand and the importance of each. How do changes in these components affect the economic outlook for the economy? What are the key determinants of Aggregate Supply and how might these be shifted?
2) Explain why economic growth might be higher in a country with well-established property rights and a stable political system compared with a country where property rights are uncertain and the government is unstable. Provide examples from around the world to support your argument (cite sources).
Explain how does this relate to the idea which diminishing marginal utility must be understood in context. Many people buy too much on their credit cards, even when they know they will be sorry when they get their credit card bill.
Suppose that the correlation r between two quantitative variables was found to be r = 0. Which of the following is the best interpretation of this correlation value? A There is a strong linear relationship between the two variables. B There is no lin..
Consider why it's important for people who own stocks and bonds to diversify their holdings. What type of financial institution makes diversification easier?
A detriment to economic growth: According to the principle of comparative advantage, trade between two countries will benefit:
Suppose that velocity and output are constant and that the quantity theory and Fischer effect are both correct. If the nominal interest rate is 8 percent and inflation is 3 percent, what is the money supply growth rate or the real interest rate? a)th..
If this is true, explain why does not just one state produce all of the orange juice for the U.S. market.
Jim currently pays premium $P for his health insurance, which he purchases in a competitive health insurance market, and covers 80% of all his healthcare costs (i.e. 20% coinsurance rate; no deductible or catastrophic cap). If he were to instead purc..
Assume bad wear in Florida ruins much of orange crop. Illustrate what happens to consumer surplus into market for oranges.
How do matching categorical grants compare with categorical lump sum grants? Which type of grant has the greatest impact on expenditure? What influences the impact on expenditure? Be sure to draw the appropriate graphs and give examples.
The government in California is increasing minimum wage to $15 dollars and hour, will this cause a surplus or a shortage of workers (labor)? Make sure to include the appropriate Graph and who the potential winners and losers are, as well as provide a..
Illustrate what does such a combination mean to this economy. Explain in detail being sure to discuss such a combination relative to resource utilization and efficiency.
The founding of Guthrie in Oklahoma territory illustrated which pattern of settlement in the West?
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