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Question 1: Discuss what is Gross Domestic Product, what does it meaasure, and what is your home country's gross domestic product. (Spain)
Describe three ways we can use macroeconomic analysis, with one (1) original example for each way.
Understanding of how the economy described by the AS/AD model responds to various shocks under various assumed parameter values.
In the incoming election, Massachusetts voters will have the option to liberalize marijuana in their state. According to news reports, the Massachusetts alcohol industry is contributing money against the legalization of marijuana.
The UAW labor contract with General Dynamics expired in October 2001. IN the months preceding the expiration date, bargaining teams for the UAW and General Dynamics met to negotiate a new contract.
The economic costs of currency crises appear to be larger in emerging markets and developing countries, than they are in advanced countries.
If the income elasticity of a particular good is negative 0.2, it would be considered 1) a superior good 2) a normal good 3) an inferior good 4) an elastic good
Despite lower unemployment numbers across the U.S., why are some economists still concerned about the labor market?
Discuss the implications of government trade policies as they relate to the growth of the economy. What macroeconomic concepts are used in the theory of open economies?
Discuss the incomes and expenditures in terms of the Keynesian model. You can agree and/or disagree with the Keynesian assumptions.
Explain why should you, as a future employe, be concerned about the downward trend in labor productivity increases that have been observed since the early 1970s.
Calculate your price elasticity of demand of widgets. What can you say about your price elasticity of demand of widgets?
Define what is the sum of all the money that the federal government has borrowed over the years and not yet repaid?
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