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1. According to the classicals, deviations from full employment are due to adjustments from shifts in the labor supply and demand curves. These shifts were discussed in chapters 8 and 9. Why do Keynesians argue this point?
2. Determine the slope of this AE line, and then complete the schedule below. Hint words: Linear relationship 40 ptsSlope?___________
Income Aggregate Expenditures (C + I + G)$ 700 $1200$1700 $1950$2700 _____$3700 _____$4700 _____$5700 _____Draw this graph complete with an AP curve.
3. At what level of output (income) will this economy operate?
4. Line up this AE/AP graph above a production graph. Demonstrate with a dotted line that there is a recessionary gap where potential output is $4600.
5. How much of a gap is there?
6. What is the MPS and the Multiplier?
7. The government can close this gap two ways. They can increase government expenditures by $_____________ or they can reduce taxes by $______________. Show all work.
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I'd like to have the solutions to these problems with the work shown by within' the next 48 hours. I appreciate the help. Thank you!According to the classicals, deviations from full employment are due to adjustments from shifts in the labor supply and demand curves. These shifts were discussed in chapters 8 and 9. Why do Keynesians argue this point?
Illustrate what factors might explain closer than expected correlation observed.
What are two concepts from our readings this What are two concepts from Paul and Elder other than egocentrism that you can apply to the situation you described?
1. Discuss your top three resources which are "must haves" for a student in your chosen profession (do not forget to provide the proper references for your classmates' benefit). 2. Why are they important to you as both a student and a professional?
Mega Farm produces 100,000 chickens per month, at a total cost of $91,000. These data suggest that there are significant economies of scale in chicken production. Do you agree or disagree with this statement? Explain your answer.
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How has hydraulic fracturing and the increase in U.S. production of natural gas impacted the energy market in the U.S? Use supply and demand graphs to support your answer.
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Suppose that the government raises the minimum wage and in doing so causes real wages to increase throughout the economy. What would be the effect on the micro economy in relation to the quantity demanded of labor and the quantity supplied of lab..
Write the equation describing Aphids Aggregate Planned Expenditure function - design three policies that would encourage growth in Aphid.
Evaluate current global economic conditions and their effect on local macroeconomic indicators in your selected country. Consider forecasts for population growth, GDP growth, GDP per capita growth, export growth, and sales growth.
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