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Assignment
In the News: Based on your reading, think of ways in which the Government is actively involved with the purpose of changing the economy. Why does the Government use these tools of fiscal policy? What are the hoped for results? Do you agree the Government should be involved? Why or why not?
Use the key word "economic news" in a Google search to find an appropriate news story or article that illustrates the ideas presented in the reading for this week.
Write a 3 to 5 paragraph summary of the information and also explain how it relates to what you have just learned.
Textbook references: Miller, Roger L. Economics Today, 17th Edition. Pearson Learning Solutions, 2013-01-01. VitalBook file. Chapters 13 and 14.
Choose a social difficulty where free markets are not allowed to function and describe how free market features could be introduced to help alleviate the difficulty.
Suppose an individual's marginal rate of substitution is three slices of pizza for one beer at the present bundle of beer and pizza she is consuming. If the price of beer is $1.00 and the price of a slice of pizza is $1.50, is the consumer maximizing..
Explain the basic logic behind the multiplier in words. Why does it require b, the marginal propensity to consume, to be between 0 and 1?
Would it be possible to privatize the money supply in the United States completely? In doing so, what would be the primary obstacle to overcome in implementing such a policy?
Why do you think the FED evaluates the money multiplier when making decisions with regard to the money supply What function does the money supply serve in our economy to influence certain economic variables
You need your job and you want to help your boss. But you're just not sure in this particular situation. What is the ethical problem in this situation? What steps should you take? When should you take them? Who should you talk to about this? Why?
Make an analysis of the United State Fiscal Policy by addressing the following, differentiate the state of the economy. Determine the focus of the current fiscal policy?
Go to the Bureau of Economic Analysis at this Web site, and look up the latest new release for real GDP. Address the following questions after reading the latest release: Where is the United States in the business cycle? What is the real GDP today?
A box is filled with 4 green cards, 2 red cards, and 14 brown cards. A card is chosen at random from the box. What is the probability that it is a green or a brown card? Write your answer as a fraction in simplest form.
Suppose the national debt is $47 million at the end of 2009. Assume that all surpluses go to retiring federal debt. Then, what is the national debt at the end of 2014?
Construct a table shoeing Grey's marginal sales per day in each state. Calculate Grey's maximum monthly commission income.
Why are most labor unions--whose constituents receive wages substantially above the minimum wage strong supporters of the minimum wage Why might unions composed of skilled workers who are pure complements in production with raw materials produced
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