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Predictions of inflation, unemployment, and RGDP
Illustrate them in a table against the last five years and respond to the following two questions:
a. Calculate the changes in inflation rates, unemployment rates and the RGDP growth rates for the years from Year 2001 through 2005 and illustrate them in a new column at the end of the table of data.
b. Based on those calculations, briefly describe the overall economic performance over the last five years and critically predict about these three macroeconomic variables for the coming years.
What might be included in the "total cost" of acquiring and watching movie on DVD? What about the "total cost" of seeing a movie at the multiplex?
Credit cards are sometimes discussed as a public problem. In 2001, purchases on credit cards accounted for 21% of consumer spending in America, which has the lowest savings rate of any big country.
Explain how the aggregate expenditure function shifts in response to the changes in each of the following variables:
Prepare a chart that lists three strengths and three weaknesses of the Consumer Price Index calculation.
Explain how an individual's Demand curve for medical care will change (i.e., shift) if the following things happen (consider each change individually, holding all other possible influences constant.
Elucidate the roles of government bodies which determine national fiscal policies.
Disscuss the contrasting views of the Keynesians and the monetarists with regard to an appropriate.
Use the production possibilities frontier (PPF) to demonstrate economic growth.(Growth and the PPP)
Essay on Market imperfection associated with negative externalities.
Assume that an engineer is deciding either not to move to northern Virginia or remain at his current job in Milwaukee.
Explain what should the firm replace its old knitting machine, and if so, which new machine should it use.
Assume if the objective is to increase total income, should the price be increased or decreased. Explain.
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