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Remember the warm up activity in the first section of this unit? You were instructed to find an article that discusses the current state of the U.S. economy. Take this article (or one similar to it) and write a two- to three-paragraph summary of the article. In your summary, include any references to GDP or U.S. economic policy. Explain how these relate to what you have learned in this section. Also include an explanation of the writer’s opinion of the U.S. economy. Is it growing or declining? What evidence does the writer provide to support this opinion? Discuss how this article reflects what you have learned in this section. Be sure to include information regarding where you found the article (name of publication or website address) and the name of the author of the article as well as the date of the article.
Explain why a system of marketable pollution permits leads to less costly pollution abatement and a higher concentration of polluted areas than a command-and-control system.
What do you expect to happen to your sales. How would you answer parts a and b if you expected a 5 percent increase in income instead of a decrease.
Suppose that during a given year, the quantity of U.S. real GDP that can produced in the long run rises from $17.9 trillion to 18.0 trillion, measured in based-year dollars. During the year on change occurs in the various factors that influence aggre..
Illustrate what is the dollar value of the deadweight loss when output level is produced? Illustrate what is the dollar value of the total surplus when output level is produced
Calculate nominal GDP in 2006 and in 2007 and the percentage increase in nominal GDP between 2006 and 2007.
Consider the characteristics of the U.S. health care market.
Can you think of any reasons why? How would you describe the market structure of the world coffee market: is it competitive or not? Present your arguments.
If today is Year 0, what is the future value of the following cash flows 10 years from now? Assume an interest rate of 6.9 percent per year.
Explain how will the market restrain economic freedom. Explain how will society produce goods and services at lowest cost.
Consumer and investor optimism and pessimism matter a great deal in the economy. Suppose that survey measures of consumer confidence indicate a wave of pessimism is sweeping the country. If policymakers do nothing, what will happen to aggregate deman..
"An analogy for the national debt and budget deficit would be total amounts owed for student loans after graduating from college versus amount borrowed each year to go to college, respectively" Do you agree with the statement? Why or why not?
1. The Phillips curve suggests a trade off between, a. unemployment rates and tax rates b. inflation and money supply c. monetary policy and fiscal policy d. unemployment rates and inflation d. inflation and GDP
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