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Summarize an article using at least three economic terms and theories covered in class. Identify the impact of the policy on Demand or Supply of the good(s) or service(s). Discuss the change(s). Draw a supply and demand graph to explain this change. Be sure to label your graph and clearly indicate the change of the curve.
Illustrate and explain the interaction of households, businesses, government and global markets in the circular flow of economic activity.
Corn is a key input in the poultry, dairy, hog, and cattle industry. Ellucidate effect has the sharp increase in the price of corn had on these industries.
Either tenants occupy rent controlled buildings with a customers surplus deserve to live there.
Relationship among consumption expenditures and inventories as well as their interdependence, and think in terms of the Multiplier.
What do you think the increase in productivity is likely to move the economy closer to full-employment or farther away.
Assume the US economy experiences deflation. Trace through the impact on the US macroeconomic variables to the effect on the FOREX rates.
Which is more likely to return the European economy to long term growth, austerity (reducing public debt) or deficit finance (increasing public debt)? Use economic models to analyse this question.
What would an economists say that the burden of the FICA tax is shared equally. Who bears more of the tax burden Workers or employers.
Write a brief description of the fiscal policy of the United States and would you describe it as "expansionary" or "contractionary"?
Assume that the yearly personal income per capita is in the US is $39,000 in 2008, the price of gasoline is $4.00 per gallon, and the consumption of gasoline per capita is 450 gallons.
Suppose that natural real GDP is constant. For every 1 percent increase in the rate of inflation above its expected level, firms are willing to increase real GDP by 2 percent.
Describe why the US farm policy is failing. Why were the WTO 2005-6 meetings a failure. What were the main issues and reasons.
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