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ASSIGNMENT
Macroeconomics
Directions: Be sure to save an electronic copy of your answer before submitting it to Ashworth College for grading. Unless otherwise stated, answer in complete sentences, and be sure to use correct English, spelling and grammar. Sources must be cited in APA format. Your response should be four double-spaced pages; refer to the "Assignment Format" page located on the Course Home page for specific format requirements.
Part A
1. Describe three ways we can use macroeconomic analysis, with one original example for each way.
2. You are running a small yard maintenance business for the summer. What do you expect to happen to the number of yards you can maintain in a day as you add workers if you don't purchase more capital equipment (like mowers and leaf blowers)? Provide at least two supporting facts to support your response.
Part B
1. Using the real business cycle theory, explain two effects of an adverse technological shock on the labor market and on the output market.
2. Suppose you were interested in increasing technological progress in your country. Suggest two ways to do this.
the law of demand states thata. consumers buy a good based on many other factors other than the price of the goodb.
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Do you agree that the philosophy of social justice is preferable to the philosophy of market justice? Which is likely to lead to greater improvements in public health? Give an example or illustrations
Markets in developed economies are approaching saturation level. Therefore, MNCs are searching for new untapped markets in emerging countries such as India and China.
hotel bethlehem implements a block pricing scheme for nights in a hotel room. they face inverse demandp 260 -qdthe
Why is the theory of inflation that we have learnt in the class called classical theory - transaction whose value does not qualify as a part of nominal GDP
The firm currently uses 50,000 workers to produce 200,000 units of output per day. The daily wage per worker is $80, and the price of the firm's output is $25. The cost of other variable inputs is $400,000 per day
Discuss perfect competition and long-run equilibrium. Provide detailed descriptions, definitions and concrete examples of your findings. Additionally, how does the proliferation of global trade and competition contribute to markets moving more awa..
1. Jack Sprat can eat no fat, his wife can eat no lean." Construct an Edgeworth box diagram for this pair (assuming fixed quantities of "fat" and "lean") and indicate the contract curve.
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