While economists agree on the major factors that either initially caused the Great Depression or that made it as deep and long as it was, there has been a never-ending debate about exactly how important each element was. Below are six of the primary factors that made the Great Depression a lot worse.

For each of the six, DRAW a graph (so draw 6 graphs in total) indicating the impact each would have had on the US economy. WRITE next to each graph what would happen GDP and to the price level as a result.

Causes of the Great Depression

1 - Oct 29, 1929 "Black Tuesday" - The US stock market had started sliding down in September and there was a milder panic 5 days before, but on Oct 29 the market plunged 12% in one day. This crash wiped out many people's life savings and many firms filed for bankruptcy. The Federal Reserve had been warning people about irrational exuberance and rampant speculation for 4-5 years before.

2 - Bank collapses - 700 banks failed in 1929 and 3000 more in 1930. In 1932, a new banking panic led to the loss of more than 1/3 of all banks in the country.

3 - The Smoot-Hawley Tariff - In 1930 Congress raised import tariffs to record levels in an attempt to protect US jobs. However, this sparked retaliatory trade measures from European countries. Over the next 4 years our exports dropped by 2/3.

4 - Drought hit the plains states starting in 1930 and continued with dust storms in 1931 through 1939. By the time normal rainfall resumed, 35-125 million acres had lost its topsoil and could not be used for farming the way it had been.

5 - In response to all this, the Federal Reserve tightened the money supply in 1929, 1932, and 1937. The tighter money also caused to deflation, which made it even harder for homes and firms to repay their debts, and made the banking collapses and tariff impacts worse.

6 - Presidents Hoover and Roosevelt and Congress enacted a large number of programs to try to fix the economy. Some were deemed unconstitutional. Some probably helped. Others backfired and made things worse. You could identify some particular policy errors that made it much harder for the market to fix itself.

Please write an essay about the public provision of education. Why should the government be involved in education? In your own words, explain the advantages and disadvantages of the voucher system. Would you suggest such a system to Ministry of Education in Quebec? Explain why or why not.

Please write a long explanation on rationing in health care. Please compare rationing in public and private health care system. Please provide your suggestions or solutions from an economist’s point of view.

:Please write an essay about the public provision of employment insurance and pensions. Do you think employment insurance increases unemployment? Explain why or why not. List the research that has been done in this area. Please provide discussion on the labor market effects of EI (including direct effects and systemic effects). Please explain how the public pension system may cause inefficiency problems.

Does a change in the fed funds rate really have an actual direct monetary influence on the markets or is it nothing more than a perception? Explain please

Name and explain three serious problems associated with consumer interviews or surveys. Give an example of each one.

• The Civil Rights Movement achieved all of the following EXCEPT:

Suppose the demand curve for a product is vertical and the supply curve is upward sloping. If a unit tax is imposed in the market for this​ product, A. buyers bear the entire burden of the tax. B. buyers share the burden of the tax with government. C. the tax burden will be shared equally between buyers and sellers. D. sellers bear the entire burden of the tax.

Explain how a​ downward-sloping demand curve results from consumers adjusting their consumption choices to changes in price. A. When the price of a good rises​, the budget constraint shifts​ outward, leading consumers to buy less of that good. B. When the price of a good rises​, the marginal rate of substitution​ changes, leading consumers to buy less of that good. C. When the price of a good​ rises, this causes a negative income effect that is larger in absolute value than a corresponding positive substitution​ effect, leading consumers to buy less of that good. D. When the price of a good declines​, the ratio of the marginal utility to price rises​, leading consumers to buy more of that good. E.

When the price of a good​ declines, this causes positive substitution and income​ effects, leading consumers to buy more of that good. What is the difference between technology and technological​ change? A. Technology is when a firm is able to produce the same output using fewer ​inputs, while technological change is the process of using inputs to make output. B. Technology is the development of new​ products, while technological change is when a firm is able to produce the same output with fewer inputs. C. Technology is the process of using inputs to make​ output, while technological change is when a firm is able to produce more output using more inputs. D. Technology is the process of using inputs to make​ output, while technological change is when a firm is able to produce the same output using fewer inputs. E. Technology is the development of new​ products, while technological change is when a firm is able to produce more output with the same inputs.

A country that imports a substantial amount of gasoline every year imposed a​ $1.2 per gallon excise tax on​ gasoline, to be paid by sellers. The equilibrium price of gasoline prior to the tax was​ $4 per gallon. Gasoline being a necessary​ good, its demand curve is steep and the consumers had to bear the bulk of the tax burden. The​ post-tax price of gasoline went up to​ $5 per​ gallon, causing the​ country's media to claim that it was unfair that people should have to pay so high a price for such an important consumption item. They further believed that such a high tax was inefficient and could not be justified. Which of the following inferences can be drawn from this​ information? A. The sellers bear 1.2 percent of the entire tax burden. B. The consumers are bearing the entire burden of the tax. C. The burden on consumers would reduce if the tax was imposed on​ them, rather than the sellers. D. The sellers of gasoline now receive 20 cents less than the​ pre-tax price. E.

The deadweight loss of the tax is very high. If total utility increases at a decreasing rate as a consumer consumes more​ coffee, then marginal utility must A. remains constant. B. be negative. C. increase also. D. decrease.

A student borrowed a total of $120,500 from the living expenses loan under FASP. Assuming th annual interest rate is 1%, calculate the quarterly installment amount if she wants to pay off the debt in 5 years after graduation.

Need formula and answer only. Thanks.

A student applied for NLSPS to pay for his tuition in year 2, year 3 and year 4 of his undergraduate study. The tuition fee is $74,000 per year. Assuming the annual interest rate and the study interest rate are both 1.1132%, calculate the monthly installment amount to pay off the dent in 120 months after graduation.

Need formula and answer only. Thanks.

I. Suppose the inverse demand function for a monopolist’s product is given by ? = 150 − 2? and the total cost function is given by ?? = 100 + 30?

1. Determine the profit-maximizing price and quantity

2. Determine the maximum profits

II. Suppose the inverse demand function for a monopolistically competitive firm’s product is given by

? = 100 − 2?
and the cost function is given by ?? = 52 + 4?

1. Determine the profit-maximizing price and quantity

2. Determine the maximum profits.

Suppose the government is trying to decide whether to tax pollution units or distribute pollution permits. Graph each scenario. Which do you think would be more effective in reducing pollution?

1. Saudi Arabia has always been a popular country with Americans; current approval ratings are near 90%.

1. True
2. False

Please Use your keyboard (Don't use handwriting)

Econ

I need new and unique answers, please. (Use your own words, don't copy and paste)

Q: how supply, demand, and prices affect the auto industry. includes: supply and demand, public spending and the outcome.

How does the minimum wage affect efficiency and equity in the labor market?