Explain the instructors reasons for the term paper format

Assignment Help Microeconomics
Reference no: EM131137877

1. List and explain the conditions required for a person to be classified by the Census Bureau as an unemployed person and thus counted as unemployed for the official unemployment rate.

2. With regard to Aggregate Demand expenditures, list and explain four actions the Federal Government can take which will increase total, overall spending.

3. With regard to Aggregate Supply, list at least three OTBE factors from any source which will cause a shift in the Aggregate Supply [AS] curve and schedule.

4. Using a graph of a single product demand curve, show and explain the difference between a change in quantity demanded of a particular good resulting from a price change and a change in demand resulting from a new demand schedule.

5. List and explain each of the five factors which we included in the Other Things Being Equal [OTBE] list for the Law of Demand for a single product.

6. Draw the circular flow of money in the economy ONLY AS DISCUSSED IN CLASS; show and explain each component. Make sure you show both the Expenditure side and Income side.

7. List and explain at least four economic activities that are not included or calculated in GDP.

8. Explain the instructor's reasons for the term paper format.

9. Fully explain the Consumer Price Index: how it is derived and what it is used for.

10. Draw and explain a Phillips curve, which attempts to explain the relationship between inflation and unemployment.

11. Regarding inflation, list some activities and/or groups of people who are helped by it and who are hurt by it.

12. Using a graph of Aggregate Demand and Aggregate Supply and Potential GDP, show and explain an unemployment gap.

13. Explain the differences between Nominal GDP, Real GDP and Potential GDP.

14. Using a graph of supply and demand for a single product, explain the forces which propel equilibrium back to the intersection of the two curves if the price is too high OR too low.

15. Describe what you learn in college and university that may make you able to give the company more profits; that is, a worker who is able to produce more output per hour than a less educated worker without a college degree?

Reference no: EM131137877

Questions Cloud

Graph consumption schedule and determine the mpc : Graph this consumption schedule and determine the MPC.- Graph the resulting consumption schedule and compare the MPC and the multiplier with those of the pretax consumption schedule.
Calculate both the total value of revenue : Write the FUNCTION calculate that receives the four revenue values firstQ, secondQ, thirdQ, forthQ through the parameter list, calculates both the total value of revenue
What type of field compaction equipment would you recommend : How would you check that the desired compaction is achieved in the field?
Write out the search value and the location : Write out the search value and the location in which it was found if it was found, and a ‘not found' message if not.
Explain the instructors reasons for the term paper format : Explain the instructor's reasons for term paper format. Fully explain the Consumer Price Index: how it is derived and what it is used for. Draw and explain a Phillips curve, which attempts to explain the relationship between inflation and unemploymen..
The hypothesis that a random variable : (a) the hypothesis that a random variable has a gamma distribution with α = 3 and β = 2;
Discuss the effects of not dropping the hammer : Assume the mold hammer mass, number of layers (3), and number of blows (25) are all constants.
A single observation of a random variable : A single observation of a random variable having a hyper geometric distribution with N = 7 and n = 2 is used to test the null hypothesis k = 2 against the alternative hypothesis k = 4.
Determine the dry unit weight : The standard Proctor maximum dry unit weight of the sandy clay is 17.8 kN /m3 at an optimum water content of 10%. The specification requires 95% Proctor dry unit weight at acceptable water contents ranging from 9% to 10.8%. Is the specification me..

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd