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Assignment 1: Analyzing Supply and Demand
Select a good or service with which you are familiar. Write a three to four (3-4) page paper in which you:
Your assignment must follow these formatting requirements:
The specific course learning outcomes associated with this assignment are:
Grading for this assignment will be based on answer quality, logic/organization of the paper, and language and writing skills. Clickhereto view the grading rubric for this assignment.
If the federal government were to run a budget deficit, this would:
Under adaptive expectations, the short-term effect of an unanticipated shift to a more expansionary macroeconomic policy will be a:
In deriving LM curves, holding the real money supply constant while raising real GDP causes us to
what is the difference between contractionary and expansionary fiscal policies? which is more appropriate today?
question 1. a. using the data from table calculate the elasticity of demand and elasticity of supply at each price
The federal government is planning a hydroelectic project cor a river basin. In addition to producing electric power, this project will provide flood control, irrigation, and recreational benefits. Find the benefit-cost ratio for each alternative.
for this project you are required to read and analyze 5 recent articles from the wall street journal each covering a
Consider a dairy that manufactures milk and a ice cream chain that turns that milk into ice cream. Explain how each of these parties could enter into a futures contract to hedge their risk of fluctuating milk prices.
Differentiate the real exchange rate and the nominal exchange rate and describe two reasons why purchasing power parity does not hold for all goods and services.
Calculate profit for each quantity. How much should the firm produce to maximizeprofit?
suppose that the economy is initially at equilibrium in which total planned real expenditures equals real gdp. which of
From 1950 to today, government spending on Social Security, Medicare, and Medicaid as a percentage of GDP has. decreased from about ten percent to less than one percent.
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