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In 300 -350 words, discuss one current event article and explain how economic theory can be applied to analyze the information presented. Make sure to provide an APA reference to your article. Use the popular news websites listed in the Current Events required readings section for this week.
Economics in the Current News
Websites
Calculate the Herfindahl-Hirschman Indexes for 2006 and 2011. What information does this index tell you about changes in the industry? How does this information differ from the four-firm and eight-firm indexes?
An increase in the labor force: Consider a onetime change in government policy that immediately and permanently increases the level of the labor force in an economy (such as a more generous immigration policy). In particular, suppose it rises permane..
The demand curve for haircuts at Terry Bernard's Hair Design is: Where Q is the number of cuts per week and P is the price of a haircut. Terry is considering raising her price above the current price of $15. Terry is unwilling to raise price if the p..
Household wealth affects the equilibrium yield on bonds due to its impact on. A change in the interest rate does not shift the supply of bonds. A change in the interest rate does not shift the demand for bonds.
Suppose that firms are NOT owned by consumers.than what is the value of that maximizes total consumer well-being?
What if you knew that in Firm A the quantity of labor demanded is 15,000 when the wage is $11 and 17,000 when the wage is $8.
The production possibilities curve shows the:
Explain how are presidential election outcomes related to the performance of the economy. What are the major factors that have affected U.S. household consumption since the recession in 2001.
Mitsubishi Heavy Industries makes the wings of the new Boeing 787 Dreamliner in Japan. Toyota assembles cars for the U.S. market in Kentucky. If any parts for the cars come from Japan, the parts are Japanese imports. When the wings are sent to the Un..
If the logic of classical economics was not at fault for being unable to fix economic problems of the real world, what was in Keynes' opinion? In what publication did Keynes first discuss what would become known as the multiplier? What two criticisms..
Which is the largest component of expenditure in a three sector model? Which component of aggregate expenditure is more volatile? Explain why?
Assume Aggregate Demand (AD) is fixed. If fiscal policy promotes an increase in Aggregate Supply (AS), what happens to GDP and price levels? If the Federal Reserve wants to decrease the money supply, it should:
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