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1. Watch the Dr Seuss The Sneetches and write down an exhaustive list of the macroeconomic concepts that you observe.
2. Explain each concept in simple terms, providing examples of the favorable things that can happen when this concept is understood and the unfavorable things that might happen when this concept is misunderstood or ignored.
Elucidate effect would you expect an increase in the property tax rate to have on residential rents. Would you expect the effect to be different in the long run from what it is in the short run.
Explain how does the democratic political system lead politicians to emphasize points outside the production possibility curve.
If the indurtry can pay only one of the six salary levels shown, which should it choose? How many workers will it employ?
Does this goal still apply to our understanding of the role of the business firm in society? Provide examples to support your understanding. Does government or society have a role to play in expanding the Friedman discussion?
Conduct a thorough analysis of both classical economic model and Keynesian economic model. Describe impact on the aggregate demand and supply curves, along with the impact on inflation and unemployment. Document has to be cited.
The general manager of an engineering firm wants to know if a technical artist's experience influences the quality of their work. A random sample of 24 artists is selected and their years of work experience and quality rating (as assessed by their..
Calculate the equilibrium level of income or real GDP for this economy. What happens to equilibrium Y if Ig changes to 15? What does this outcome reveal about the size of the multiplier?
Elucidate the organization/industry reduce production or shutdown their operations? Explain your reasoning.
Explain the alternative adjustment path that would result from the stimulus and compare it to the adjustment that would have occurred if the government had not responded to the recession.
A profit-maximizing firm in a competitive market is currently producing 100 units of output. It has average revenue of $10, average total cost of $8, and fixed costs of $200.
Illustrate what appears to be the major constraint that the central banks used to determine the limits of the monetary injections into the economy.
Suppose that government spending in support of education was increased. Explain if this action would shift the aggregate demand curve, the aggregate supply curve, or both curves? What would happen to the price level and real GDP.
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