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Choose a current event that addresses one of the following economic concepts:
a. Aggregate demand and supplyb. Keynesian Economicsc. Fiscal Macroeconomic Policy
Use graphical analysis to analyze the issues presented in the current event (possible graphs:, aggregate demand/supply curves, AD AS shifts due to economic shocks, taxes and government spending, any other curve or equation discussed related to this section)
If the minimum wage is raised above the market rte for teenage labor, what will happen to the quantity of labor supplied by teens, the quantity of teen labor demanded by employers, and the number of teens unemployed.
Suppose a single parent can work up to 16 hours per day at a wage rate of $10.00 per hour. Various income maintenance programs have been developed to assure a minimum level of income for low-income families, such as Aid to Families with Dependent ..
The slope of the consumption function is ? The vertical intercept of the AE equation is ?
If I told you that GDP was forecast to rise by a bit more than 3% over the next year, what would that mean to you? What should you be asking about the forecast?
The key feature of the production function is that the marginal impact of capital per worker k = K/L on Y/L decreases as K/L increases.
Most Social Security recipients do not currently pay federal or state income takes on their benefits. Assume the government proposes to tax these profits at same rate as other types of income.
Using a spreadsheet program or a calculator, solve Tracy's problem of how often to go to the ATM when the nominal interest rate on her bank account is 10%, she spends $30 each day, it costs her $0.50 each time she uses the ATM,
In 1939, with the U.S. economy not yet fully recovered from the Great Depression, President Roosevelt proclaimed that Thanksgiving would fall a week earlier than usual so that the shopping period before Christmas would be longer.
Keyenes consumption function appears to explain consumption over the short run but not consumption over the long run - why?
Suppose that the reserves requirements for checking deposit is 10 percent and that banks do not hold any excess reserves. A. if the fed sells $1 million of government bonds,what is the effect on the economy's reserves and money supply
What happens to the validity of these comparisons - Which country has the highest per capita GDP and which country has the lowest?
It is clear that more education results in higher average life time earnings. Therefore, can we conclude that it is always a good investment to spend more income getting more education?
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