Use the 4-Step Approach to analyze the effects on the house market of the following conditions: Prices for houses are expected to drop this coming winter.

Create your own demand curve for a product you buy on a regular basis.

Clearly label your graph and include a demand schedule.

a) Explain how the Breon Woods System worked and how it differed from the Gold Standard.

b) Explain how it collapsed.

Consider the Global Financial Crisis of 2008, Explain why quantitative easing to stabilize the US economy was considered a moral hazard (i.e.,
why will QE paid in 2008 will cause future banks to behave badly)?

a) There are two economies, Flexiland and Fixland. These economies are identical in
every way except that in Flexiland, real wages are flexible and maintain equality between
the quantities of labor demanded and supplied. In Fixland money wages are sticky but
wages are set so that, on the average, the quantity of labor demanded equals the quantity
supplied. (4)
i) Explain which economy has the higher average unemployment rate.
ii) Explain which economy has the largest fluctuations in unemployment.

Please expert I am requesting you explain well.

2. Write a sentence or two (in your own words) explaining the following concepts:

a. Asymmetric information

b.Principal-agent problem

c.The tragedy of the commons

d.Bounded rationality

c.Evolutionary stability

Please give a 300-400 word response

In the short run, neoclassical economics assumes diminishing marginal products. Explain what this means. What is the significance of this assumption (i.e. what does it do, what is its function in the analysis)? In the long run the assumption of diminishing marginal products does not hold. Why not? What assumption replaces diminishing marginal products? What do these assumptions indicate about the political aims of neoclassical economics?

Please give a 300-400 word response!!

Discuss Marx’s critique of the labor process. Where do profits come from? What are the impacts of the capitalist organization of production on workers and jobs? Historically, how have workers reacted against capitalist control of the labor process? What tactics and strategies have workers relied on to achieve their goals? What is the IWW? What did the IWW want? What happened to the IWW? In your answer make sure to address the concepts of exploitation and alienation.

Here is where you may post up your answer to the question on rent controls.

Here is the question:

Why might renters want the government to subsidize housing instead of putting in a rent ceiling? Please explain in one paragraph (50-100 words) and you can use a graph in your explanation.

1. Some economists argue suddenly reducing money supply growth is a costly way to reduce inflation and that it may not work. For example, if a government cuts money growth but makes no real fiscal reforms, people will expect the government will eventually need to expand the money supply to pay for its expenditures. Thus, the promise to fight inflation will not be credible. Explain why credibility is important to a reduction in the inflation rate.

2. Use the sticky-wage theory of aggregate demand to explain the short-run Phillips curve.

3. Carefully explain how monetary policy can be used to counter a recession. Explain what the central bank does as well as HOW its actions affect the economy.

4. Suppose that a country has an inflation rate of about 3 percent per year and a real GDP growth rate of about 3 percent per year. How large of a deficit can the government run (as a percentage of GDP) without raising the debt- to-income ratio?

5. List and EXPLAIN two costs of inflation.

6. Explain how tax cuts can increase aggregate supply.

Describe and illustrate the derivation of the optimal choice of health status, health care, and the composite “all other consumption” commodity in the Wagstaff model of the demand for health care.

Explain in detail the currency crisis in Pakistan since its inception elucidate the reasons with arguments pertaining to the depreciation of Pakistani rupee (PKR) over years. How has the current prevalent pandemic COVID-19 affected PKR. what are the main differences in policy and strategy of response to such economic meltdown of India, Pakistan, USA and New Zealand?

2. Identify an example of a Progressive Era from each strand that continues to exist today and another that has since been discarded.