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Go to the Bureau of Economic Analysis at this Web site, and look up the latest new release for real GDP. Address the following questions after reading the latest release:
Where is the United States in the business cycle?
What is the real GDP today?
What is the largest component of GDP?
What is the smallest component of GDP?
What is the fastest growing component of GDP, and why?
What components of GDP were involved in the change from last month to this month?
What is the price index today?
What caused the change?
Derive LM curve through one of the standard methods used in Macroeconomics. Be sure to label all axis and curves on your graph. Describe in writing to what your derivation brings equilibrium and how it accomplishes this.
In the 1970s, the United States federal government created a Department of Energy. This is a time when the OPEC (Organization of Petroleum Exporting Countries) cartel first became prominent. Identify how this action might have impacted the three m..
Ellucidate in words the effects of the rebate on supply and/or demand and its effects on quantity and price.
Elucidate what are some of the models that predict the effects that reducing protection of imports will have on factor price. Briefly explain the effects shown by these models.
Macroeconomics and Indicators
Discuss the role of macroeconomic policy in reducing unemployment and inflation. In your discussion make use of the diagrammatic representation of the macroeconomy
What factors led to the mortgage default crisis How did mortgage defaults affect banks involved in mortgage lending and mortgage investing Securitization TARP What do these mean
firm had demand function given by qd1000-10p. its cost function given by c 150 20 qa- write an equation for the inverse
Illustrate what price should the theater charge for a ticket if it wants to maximize profit. how big will its profit be. What price would you like to charge.
Using the economic concepts that explain differences in wages, discuss any three of the following points. Post your response to each of the three points separately. Why does a chief executive earn more than a rocket scientist working for NASA
The Hair Stylist, limited, has a monopoly in College Park market because of restrictive licensing requirements, and not because of superior operating efficiency.
Demand for refrigerators is often explained as cyclical and very sensitive to refrigerator prices & interest rates. Given these characteristics, explain the effect of each of the following in terms of;
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