Which of the following statements is (are) correct?
(x) The multiplier effect tends to make aggregate demand shift further to the right than the amount by which government expenditures increase.
(y) The government builds a new water-treatment plant. The owner of the company that builds the plant pays her workers. The workers increase their spending. Firms from which the workers buy goods increase their output. This type of effect on spending illustrates the multiplier effect.
(z) The investment accelerator occurs when an increase in government expenditures increases aggregate spending so that Burgerville finds it profitable to build more new restaurants.
A. (x), (y) and (z)
B. (x) and (y) only
C. (x) and (z) only
D. (y) and (z) only
E. (z) only

Which of the following policies would someone recommend if they want the government to follow an active stabilization policy?
(x) If there is a reduction in investment demand that causes aggregate demand to shift, then the government should increase spending or reduce taxes if the government wants to stabilize output.
(y) If the economy is experiencing unemployment above the natural rate, then the government should decrease the money supply
(z) If Congress raises taxes to balance the federal budget, the Fed can act to prevent unemployment and recession while maintaining the balanced budget by selling bonds to stabilize output.
A. (x), (y) and (z)
B. (x) and (y) only
C. (x) and (z) only
D. (y) and (z) only
E. (x) only

According to supply-side economists, which of the following statements is (are) correct?
(x) A reduction in the tax rate provides an incentive for people to work more and the increased work effort causes production to increase.
(y) If the government cuts the tax rate, workers get to keep more of each additional dollar they earn, so work effort increases, and the aggregate supply curve shifts to the right
(z) A reduction in the tax rate always increases government tax revenue.
A. (x), (y) and (z)
B. (x) and (y) only
C. (x) and (z) only
D. (y) and (z) only
E. (z) only

1. Predict and explain the effects of a minimum wage increase in the money market.

using a simple graph

1. Consider the Solow growth model. In the current period there are N = 1000 consumers and the population grows annually at a rate of 2%. The production function is given by Y = zK^(α)N^(1−α) where α = 0.4 and z = 1.1. The depreciation rate is δ = 0 and the savings rate is s = 0.2.

a. Find steady-state output and consumption per capita in the current period.

b. Find aggregate output, aggregate consumption and aggregate capital in the current period and after 10 years. By what percentage does aggregate output, aggregate consumption and aggregate capital grow over 10 years?

c. At the beginning of the current period the population growth rate increases to 4% for the current period and in the next period returns to the previous 2% growth rate indefinitely. Calculate output per capita for the next two periods. Calculate aggregate output for the next two periods. Calculate the long-run output per capita.

Social media has really become a major part of most peoples’ lives. A recent article in the Washington Post claims that teenagers on average spend 6 to 8 hours a day on social media. Adults also spend extensive time on social media as well. One of the major issues involved with the success or failure of social media is how many of a person’s friends are also using the same social media. Facebook is a form of social media that dominates much of the social media landscape. Grandma and grandpa as well as mom and dad are all on Facebook and most people have an account in order to socially interact with others in a common space. Yet there are many people who find the information sharing policies of Facebook distasteful. Others find the interactions on Facebook to be unpleasant and the content pointless.

If so many people dislike Facebook then why is it still such an important social media website? Why don’t more people simply leave if they dislike its services? Why do people continue to use a social media site even when they find the services it provide to be distasteful? What alternatives to social media sites do you think should exist? Why?

. How did the growth of the factory system limit the traditional freedoms of American artisans, and how did they respond? *APUSH*

Covid-19 makes us recognize those people whose jobs are indispensable to the functioning of society, including front-line health-care workers, grocery workers, and delivery workers. Many earn low incomes while bearing the risk of becoming infected to meet other people’s living and medical needs. What new perspective does Covid-19 give you on the different importance of the essential/non-essential jobs to our economy? (You may want to refer to the material on care from Nancy Folbre earlier in the semester.) Feel free to reflect on how Covid-19 may have altered your future career plans.

1) Please give an example of a market that comes close to being considered perfectly competitive.



2) What does it mean when firms in a perfectly competitive market earn $0 in economic profits?



Write at least one paragraph on these questions

Construct a personal strategy for communicating effectively in small group decision making. How do you plan to ensure you use this strategy?

1. What is the difference between Structural unemployment and Frictional Unemployment
2. What is the difference between fiscal policy and monetary policy?
3. List the three components of M1
4. What is Open Market Operation

Here are some hypothetical numbers used to illustrate the ideas of trade-offs, specialization, and comparative advantage. Assume Sri Lanka, using all her resources efficiently, can produce either 2,000 bags of rice OR 6,000 bags of tea. Let's also assume that, using all her resources efficiently, Kenya can produce either 2,000 bags of rice OR 2,000 bags of tea. Further, assume that the countries have similar resource endowments and that, initially, they are not trading with each other. Therefore, each of the countries has to produce both rice and tea for its citizens. Suppose that, in the no-trade situation, Sri Lanka was consuming 800 bags of rice and 3,200 bags of tea, and in the no-trade situation, Kenya was consuming 1,000 bags of rice and 1,000 bags of tea.The trading price is set at one bag of rice for two bags of tea, and Kenya wishes to keep at least 1,100 bags of rice after trade. Determine if there is any benefit (in terms of increased consumption possibilities) for Sri Lanka and Kenya if they trade with each other.

I can't figure out this problem and I don't really know where to start, thank you!

• What were the reasons why Korea’s economy did not develop in the past?
• What challenges did Korea face?
• How could South Korea overcome these challenges?
• What were some of South Korea’s first exports?

What is a product portfolio and do your Recycling, Phone, and Fetometer companies have one? Under what conditions would you eliminate a product from your portfolio? And, describe how you might implement a strategy of "product phasing".