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You are asked to address a professional meeting and explain microeconomics, macroeconomics and their differences. Please answer the following questions:
Write out the text of your speech with Abstract and conclusion
If you were to learn about a bottle of gatorade increased in size from 2009 to 2010, should that information affect your calculation of the inflation rate. If so, how.
Consider what you have learned about the root causes, as identified by leading economic thinkers and policymakers.
The US put a specific tariff of €10 on European widgets. Calculate the new equilibrium quantity and price as well as the new Monopoly's profit.
What would this event cause the demand for the dollar to increase or decrease relative to the demand for the pound.
If David's only illness this year results in an appendectomy, explain how many days will he choose to stay in the hospital.
How do automatic stabilizers affect budget deficits and surpluses? How would automatic stabilizers be affected by an annually balanced budget rule? Why do automatic stabilizers minimize the lag problems with fiscal policy?
Assume Fed expands money supply, however because public expect this Fed action, it simultaneously raises its expectation of cost level. Illustrate what will happen to output and cost level in short run.
The demand curve for videos has shifted to the right. Illustrate what could have caused it.
If summer's supposition is correct, then we should expect for wealthier countries to have cleaner environments other things equal.
The client would like to know what output level should it select that will keep the competitor from changing its output.
Economists look at the differences between the short run and the long run in macroeconomics. Explain how might knowing this affect you as the manager of a large firm.
Without using the midpoint formula, can you tell whether demand is elastic, inelastic, or unit-elastic over this price range.
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