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The introduction summarize the macroeconomic event in the news article chosen and mention what you plan to discuss in the essay.
· Apply the economics concepts and models (AS-AD, Aggregate Expenditure Model, Money Market Diagram) learned to show your understanding in the news event.
· Specifically, you should identify and discuss:
o the key macroeconomic challenges faced by the county namely long-term economic growth( of potential GDP) problem and/ or short-term recessionary or inflationary problem due to business cycle.o Causes of the problemso Its impacts on the society and economy ando The policies implemented by the government concerned to solve the problem (aggregate labour hours, labour productivity , demand side policies )
· Draw the economic models to illustrate the discussion of the economic problem and the government policies.
· A conclusion, highlighting your key points and arguments in the essay.
The World Bank is presently advising newly industrialized nations on how to encourage growth and they have asked for your help.
Illustrate what happens to the supply curve and the equilibrium point when a new technology improves a production process.
What is the effect on the aggregate demand curve of the increase in government purchases? What occurs when real GDP exceeds potential GDP? What curve shifts in order to restore real GDP to potential GDP? Why does this curve shift?
suppose an investor has the utility function urs r - 0.3s2 here r denotes the expected rate of return r of their
on average, does an increase in taxes raise or lower real gdp if taxes as a percent of gdp go up 1 percent, by how much does real gdp change are the decreases in real gdp caused by tax increases temporary ir permanent does the intention of a tax i..
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Suppose that new entry decreased your demand elasticity from -2 to -3 (made demand more elastic). By how much should you adjuct your price of $10?
"Students almost always have the option of purcashing a used or new textbook. Although the used book is lower in quality, it also sells for a lower price. Assume that a set of new books costs $1000, and that the set of used books costs $500. Suppo..
Answer the following questions on the basis of the monopolist's situation illustrated in the following graph.
Explain why the Board of Governors of the Federal Reserve System is considered so powerful. What are its major powers and which is the most important?
A country has the per-worker production function, y=5k1/2, where y is the output per worker and k is the capital- labor ratio. The depreciation rate is 0.15 and the population growth rate is 0.05. The saving function s=0.2Y where s is total nation..
Suppose the average puppy weighs 10 pounds. A sample of 10 puppies yields a sample mean of 13.2 pounds and a sample standard deviation of 2.78 pounds. Assume the population standard deviation is known to be 5.25.
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