Assignment DescriptionIn this Assignment, you will examine factors that affect aggregate demand (AD) and aggregate supply (AS). You will compute the rates of inflation using the U.S. consumer price index (CPI) and then examine how the results impact nominal interest rates, inflation, disinflation, and deflation. Instructions: This Assignment presents scenarios in which you will analyze macroeconomic indicators of economic health. It requires ...
TaskIn groups of one to three, you will write a five to ten page typed report on a policy proposal from a presidential candidate. The report should introduce the policy proposal, analyze it though the lenses of a short run model, long run steady state model, and an economic growth model. It should then conclude with a description of the costs and benefits of the proposal combining both the model results along with any other aspects of the po...
Question: Answer one question. All questions are equally weighted. 1)Explain the significance of any two of the findings on ideological biases within economics identified by Javdani and Chang and elaborate on how they might be addressed in the future. 2)Why are merit goods of particular relevance to Sandel’s identification of the negative consequences of a market society? 3)If both the law and the concept of Corporate Social Responsib...
Part a: Finding Equilibrium LevelsThe following equations characterize a country’s closed economy. Production function: Y = A?K?N – N2/2 Marginal product of labor: MPN = A?K – N. where the initial values of A = 9 and K = 9. The initial labor supply curve is given as: NS = 31 + 9w. a) Find the equilibrium levels of the real wage, employment and output (show work). Draw two diagrams vertically with the labor market on the...
Instructions The assignment for Module on economic and social values in contemporary society. February 2nd, 2020 is Super Bowl Sunday. This is an American sporting event. However, it is also hugely popular in Canada. According to an article published in The Globe and Mail January 31, 55 percent of Canadians will watch the Super Bowl, compared to 51 percent of Americans Every year there are many media stories regarding the monetary val...
Module Objectives• Understand how changes in the economy affect business decisions and the behaviour of firms.• Discuss the operation of a market and how market structure influences a firm’s production and strategic decisions.• Explain how market imperfections and market failure, particularly in labour and financial products, affect entrepreneurial activity.• Interpret how government economic policies shape business...
Question 1: Evaluating the Statement on Dominant Strategies1.Evaluate this statement: “If a player has only two available strategies, if one strategy is a dominant strategy then the other strategy MUST be dominated.” 2.Evaluate this statement: “If a player has more than two available strategies, if one strategy is a dominant strategy then it is not necessarily true that there exists a dominated strategy.” ...
Question 11.Suppose you live in downtown Pavement City and you would enjoy walking, having picnics, playing basketball, and basically chilling-out in a local city park, if one were available. Suppose your annual marginal benefit from having access to such a park is: MB = 20 - (1/20000)X, where X is the size of the park in square feet. The City estimates that the marginal cost of building and maintaining such a park would be...
Task: A high unemployment rate in any economy is a symptom of dysfunctionality in the economy. People need income to consume, and consumption leads to production, and production leads to higher demand for labor (employment), so unemployment is a crucial macroeconomic issue that confronts all modern economies. A lower unemployment rate, however, is not the end of the problem. The type of employment and the price of labor (wages) have to be suff...
ObjectivesIn the event of an emergency preventing you from submitting within this time frame, special permission must be obtained from your instructor. Documentation substantiating emergency is required. In such a circumstance, if the extension is granted, the professor will reopen the submission function for you on an individual basis. Please do not email your submissions to your professor, either before or after the due date; all coursework sh...
Methodology This module provides an introduction to macroeconomics. It examines the broad landscape of global economy; interest rates and stock prices; the balance of payments problem; the changing structure of the money and capital markets; the issue of inflation and deflation; labour markets and unemployment; governmental regulation and deregulation. The approach of the module is economics-driven, but not overly technical. It w...
Submission detailsSubmission detailsFor this assignment, you are required to submit:• a presentation (with commentary notes) as a PowerPoint (or similar) file.Please refer to the assignment guidance in the assignment area of the module for further guidance on the file types accepted by Turnitin.Demonstrate knowledge and critical understanding of building economics including development appraisal, financing, cost factors and ways in which ...
Demand and Supply Model IQuestion Set #1 (Demand and Supply Model I) a)Explain in your own words the concepts of the Law of Demand and Law of Supply. Include separate diagrams for each law and provide examples from your own life that follow these laws. The theory defines what effect the relationship between the availability of a product and the desire/demand for that product has on its price, therefore when there is low supply and hi...
Part A – Identify and State the Historical Significant Status Indian Seven years war Quebec act Upper and Lower Canada rebellions BNA act Trench warfare Lucy Maude Montgomery Suffragettes Emily Carr Prohibition Persons case Make work project Japanese internment NATO Viola Desmond Lester Pearson FLQ crisis Draft dodger Official multiculturalism Sovereignty Association Oka crisis 9/11 Subprime mortgages MMIW ...
Dave and Diane's Production Possibility Frontier1.Dave and Diane are married. Their individual production possibility frontiers (PPF) are as in the following picture: i) How many dollars’ worth of Home Goods (H) should Dave give up in order to produce an extra dollar’s worth of Market Goods (M)? Explain. ii) How many dollars’ worth of H should Diane give up in order to produce an extra dollar’s worth of M? Explain. ...