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Current status of Real GDP, unemployment rate, inflation rate
Define & describe the current status of Real GDP, unemployment rate, inflation rate as measured by CPI, auto sales, Producer Price Index (PPI), and Oil & Fuel Prices. Make a graph for each illustrating the historic trend. ( I would say go back 5 or 10 years..whatever you think). For instance, Real GDP means blah, blah, blah and as of whatever date Real GDP is x. Then present a graph. Then move on to the next economic indicator.
What takes place to the equilibrium price and quantity of ice cream in response to each of the following? Describe your answers.
Elucidate why does the Fed like to fight inflation in our economy and is inflation a concern right now given our current economic situation.
What price will the monopolist charge and how much output will he produce? Sketch a diagram of this market and show the equilibrium price and quantity. In addition, calculate the firm's profits.
Graphically illustrate the impact of an open-market purchase by the Federal Reserve on the equilibrium interest rate using the theory of liquidity preference and the market for real money balances. (Be sure to label:
How much will this consumer be willing to pay for the product if the firm offering the reliable product includes warranty that will protect the consumer? Explain.
Determine the price elasticity of demand for a resource. Why is it important and what is it used for.
A paper detailing explain why the US dollar might be replaced as the nation's reserve currency by the Euro or the IMF's Special Drawing Rights.
Is it possible that the levels of unemployment present day which are the result of government policies.
Assume that software purchases by businesses are treated as expenses, as they were before November 1999. Calculate GDP using three different approaches: expenditure approach, income approach, and product approach.
Discuss the limitations of this model as an explanation of the effects of government expenditure on GDP.
Looking to raise profitability in perfectly competitive marketplace. How to efficiently plan production?
Elucidate is the fiscal policy expansionary or contractionary.
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