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What did you learn? Why is it important? How do the Economics concepts we just covered impact the economy, you and your family, your friends and your employer?
Select the top ten (10) most important ideas / concepts that you learned in chapters 5 & 6 of your textbook. NOTE: Choose five from each chapter.
Number your list and write a three to four sentence explanation of why each idea / concept is important to you and how it affects your life.
Economics Today, Seventeenth Edition | 978-0-13-294890-6. (n.d.).
What is the rationally expected inflation rate and the answer to this point is functional to better understand the next ones: (b) and (c)
The U.S. government spends over $15.8 billion on its Food Stamp Program to provide millions of Americans with the means to purchase food.
Suppose you own a home remodelling company. You are currently earning short-run profits. The home remodelling industry is an increasing-cost industry. In the long run, what do you expect will happen to
What do you understand by the terms 'inflation' and 'unemployment? Identify their main elements and causes. What is the relationship between inflation and unemployment? Use diagrams to answer the question.
How would the four basic markets of the macro model (Aggregate Demand and Supply, Long Run Supply, Labor, Credit or Money, Capital change) change in response to the catastrophe in japan. Most importantly, how would the lines and curves in each mar..
Give an example of a fairly major purchasing decision you've made in your lifetime. How did you justify the purchase.
Derive the Aggregate Demand (AD) curve graphically, the experiment is to change Y in i-Y space and see what happens to P.
Suppose the U.S. is in the midst of a recession and a new president has just inherited an already large public debt.
Suppose Corporation X deposits $80,000.00 in cash in commercial bank Y. If no excess reserves exist at the time this deposit is made and the reserve ratio is 30%,
Moorea spends all of her income on Mochi Frozen Yogurt which costs $1 per cup. She makes $400 per month but lives in a bad neighborhood and is robbed of half her money 20% of the time. Assume YN and YR represent her consumption of yogurt in cups i..
What is the current target federal funds rate, as of October 24, 2012 and what decision did the Fed make regarding the federal funds rate?
Calculate the markup percentage also target selling price that will allow Bolus Computer Parts to earn its desired ROI of 25% on this new component.
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