Reference no: EM131451133
All short answers must contain information using no external research. Students are required to respond in their own words using applicable examples and knowledge gained from the class. A typical short answer should be between 100-150 words.
1. Why do economists analyze the macroeconomy from both a positive and normative perspective? In your opinion, which is more important and why?
2. List and describe in your own words 3 determinant of aggregate demand and 3 determinants of aggregate supply?
3. Explain how supply or demand be affected when the following things occur:
Oranges- after a tornado
Automobiles - after a major recall
Spinach- after the FDA announces that spinach can prevent cancer
Flu Vaccines - after technology was discovered to mass produce flu vaccines
4. Compare and contrast the command economy, the capitalist economy, the traditional economy and the mixed economy.
5. What does the GDP indicate about an economy? Can a GDP be manipulated and thus provide inaccurate information about a country's economic production?
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What are the components of the lei
: Define the LEI Index What are the components of the LEI? How do Economists use the LEI
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Describe what research design should be adopted
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The effect of taxes and what are fixed costs
: The operating cash flow is $64,000 in this case. Ignoring the effect of taxes, what are fixed costs?
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Prepare a common-size statement for the balance sheet
: Analytical Procedures- Prepare a common-size statement for the balance sheet of Cloud 9, use total assets as the basis for the balance sheet.
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What does the gdp indicate about an economy
: What does the GDP indicate about an economy? Can a GDP be manipulated and thus provide inaccurate information about a country's economic production
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Why do you think taylor did as little as he did the harasser
: A black employee was subjected to a number of incidents at work, including racial epithets, threats, greasing of his truck, dead mice placed in his truck.
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Proposed acquisition of computer numeric control machine
: You have been asked by president by Company X to evaluate proposed acquisition of a Computer Numeric Control (CNC) machine to manufacture new type of alternator
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What is the marginal propensity to consume
: The relationship between income, savings, and consumption is directly related to the price level in the economy. What is the Marginal Propensity to Consume
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Discuss the foundations and components of psychoanalysis
: Evaluate the contributions and criticisms of psychoanalytic models to the explanation of human behavior.
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