Economics : Macroeconomics

5-2 Discussion: Aggregate Demand and Supply Discussion Topic Task: Reply to this topic Starts Mar 27, 2021 11:59 PM Between 2007 and 2009, the United States experienced a severe financial crisis and economic downturn commonly known as the Great Recession. Starting in 2006, housing values fell 30%, causing losses in mortgage-backed securities for families and financial institutions. The recession was marked by a drop in aggregate demand that caused a decline in GDP and an increase in unemployment. In your…

You will create a product that will compare and contrast the 5 great schools of economic thought. Classical, Keynesian, Monetarists, New/Neo Classical, and New/Neo Keynesian. You need to write regarding the following for each of the schools. Summary of beliefs unique to the school, big names associated with the school and why those names are significant, legacy of the school (how the beliefs show up today), Criticisms of the school (things that perhaps they got or get wrong), anything else…

Add references.... Chapter 7, Application Problem 3 The following facts characterize the furniture industry in the United States:39 39 James R. Hagerty and Robert Berner, “Ever Wondered Why Furniture Shopping Can Be Such a Pain?” Wall Street Journal, November 2, 1998; Dan Morse, “U.S. Furniture Makers Seek Tariffs on Chinese Imports,” Wall Street Journal, November 3, 2003; and Mark H. Drayse, “Globalization and Regional Change in the U.S. Furniture Industry,” Growth and Change 39 (June 2008): 252–82. a. The industry…

Income and Wealth Inequality: Does Capitalism Work for Everyone? ==================================================== Purpose: Understanding the growing gap in income and wealth in the USA and other countries, its economic causes and effects. Task:  Use assigned resources and find your own to answer questions about inequality, and prepare for discussion. Criteria for success:  Follow directions, answer questions, and have a good discussion! ====================================================================== Directions: Watch three (3) assigned videos (approx. 1/2 hour) and answer the following questions: TED talk: How Inequality Harms Societies…

Here are the original directions: This one is going to be on paper. There is no good computer substitute for being able to draw a graph and use it to effectively understand and communicate complex concepts. Print the attached file on paper (2 pages) Use pens or pencil (colored pens look best!) to draw graphs on the paper. Follow the directions (except where it says "Teams", which we would do together if we were in class).  you will submit individually…

After watching the video clip from A Knight’s Tale, consider the effect of choosing consumption today versus consumption in the future. Using the PPC as a springboard for your analysis, what effect would forgoing consumption today in order to invest for tomorrow have on future production possibilities? Now consider the choices our government faces when it has limited tax revenues to fund the unlimited wants of its citizens. Describe some of the choices the government makes between consumption today and…

The prompt straight from the professor; The following is a list of topics to choose from: House sales —discuss the rise and fall of the market in different regions Hyperinflation – e.g. Zimbabwe, the Great Depression, etc. National savings rate of the USA. Agriculture and the effects of global warming Energy demands in the U.S. or China Fiscal policy differences regarding Democrats and Republicans Unemployment rates in various states What factors contribute the most to economic growth? In what ways…

The phrases, “Show me the money” and “You can take that to the bank” demonstrate the influences of currency and the financial system in society. The phrase “Show me the money” from the 1996 movie Jerry Macguire, generally means that someone wants to know how much they will be paid for something or they want evidence that they will be paid. According to the Free Dictionary,  (Links to an external site.) the phrase “You can take that to the bank”…

After reading Chapters 5 through 8 address the following:  Is Gross National Product the best way to measure a country's economic success?  If so, why? If not, what alternatives would you suggest?  Should Governments always aim to maximize GDP growth?  This assignment may well require a little independent research of your own.  The book we are using is called Principles of Macroeconomics 2016 by an author who has been removed at the request of the original publisher but if you…

ASSIGNMENT 1: ECONOMIC PRINCIPLES – MICROECONOMICS Economic Principles – Microeconomics Overview In this assignment, you will develop a paper in which you select an industry that interests you, describe that industry, and explain how government might impact the industry. An Example Economic Paper and Economic Paper Template are provided below for this assignment. Review the Microeconomic Paper Example [DOCX]. Use the Microeconomic Paper Template [DOCX] to help you get started. (Optional). Instructions Review your chapter readings and use the resources…