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part 1
Aggregate Supply (AS) and Aggregate Demand (AD) model and AS/AD curves are essential to understand macroeconomic fluctuations (business cycles).
a. Discuss the importance AS-AD model in explaining the macroeconomic conditions of the economy and business cycles like recessions.
b. What factors shift AS and AD curves? How do you explain macroeconomic fluctuations using AS-AD model and AS/AD curves?
Part 2
Macroeconomic goals and macroeconomic equilibrium are the key elements in macroeconomics.
a. What are the long-run macroeconomic goals? What is long-run macroeconomic equilibrium? How the goals are relate to the macroeconomic equilibrium?
b. Suppose that consumers and investors become pessimistic about the future health of the economy. What will happen to aggregate demand and to output?
Rising educational levels of women have been central to our discussions of marriage behavior, fertility behavior and labor force behavior. And, education is a focus of the recent report by the Pew Research Center.
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A competitive firm with only minute monopoly power should always invest in ways of differentiating their brand/products? b) A car dealership that experiences some monopoly power should always be concerned when a rival car dealership opens nearby}
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How does the employer mandate help eliminate the problem of adverse selection? Would a single-payer plan, in which everybody is insured through the government, further reduce the problem of adverse selection?
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