Explain whether each of the following is an example of a macroeconomic concern or a microeconomic concern.1. Ford Motor Company is contemplating increasing the production of full-size SUVS based on projected future consumer demand2. Congress is debating the option of implementing a value added tax as a means to cut the federal deficit.3. The Federal Reserve announces it is increasing the discount rate in an attempt to slow the rate of inflation.4. The Bureau of Labor Statistics projects a 22.5 percent increase in the number or workers in the healthcare industry from 2008 to 2018.

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Answered: Explain whether each of the following…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Solve the following questions.
Which of the following describes what happens if the economy depicted in the graph is self-regulating? Price Level (P) PE LRAS SRAS ☑ AD QN QE Real GDP (Q) Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a Labor market shortages lead to lower wages which increases costs of production, resulting in a leftward shift in aggregate demand. b Labor market shortages lead to higher wages which increases costs of production, resulting in a leftward shift in short-run aggregate supply. C d Labor market surpluses put downward pressure on wages which decreases costs of production, resulting in a rightward shift in short-run aggregate supply. X Your answer Labor market surpluses put downward pressure on wages which decreases costs of production, resulting in a rightward shift in aggregate demand.
In a School year 2020, at a University which requires that all students must take Accounts as a core requirement. The University Bookshop made their order for Accounts Textbook based on the number of registered students in the last academic year. Using the list of options of possible impacts, select what is happening in the following markets. Select the impact if any on i.Supply ii.Price iii.Quanityiv.Demand
Imagine you are writing an article for Harvard Business Review or The Economist: Combine news and analysis from contemporary sources with what we have learned, and will learn in our class topics, to analyse these three themes (inflation, mass resignations and strikes, supply chain problems), fitting them together into an integrated account of post-pandemic economic conditions.
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There are five mainstream schools of economic thinking on issues There are five mainstream schools of economic thinking on issues relating to what government can or cannot do with respect to stabilizing the economy. What are these schools and how do they differ on issues concerning unemployment and inflation? There are five mainstream schools of economic thinking on issues
Explanation it correctly and details
Which do you believe is the better macroeconomic policy to use for stabilizing (achieving potential GDP and controlling inflation) the economy - Monetary or Fiscal? SUPPORT your stance (for example, if you believe fiscal policy is better than monetary policy, explain how fiscal policy (pros) achieves these objectives better than monetary policy (cons)).
Q3
Q1. Macroeconomics is an aggregate of what happens at the microeconomic level. Would it be possible for what happens at the macro level to differ from how economic agents would react to some stimulus at the micro level? Give examples to illustrate your points.
Using a graph and words, explain the effect of SRAS and LRAS curves when the President of the United States would give businesses who invested in new plant and equipment an investment tax credit equal to 10 percent of their investment and the marginal tax rate has been reduced to people who make over $50,000 and are permanent. Will you work more or less when marginal tax rates are cut and will businesses invest more in plant and equipment when an investment tax credit has been implemented by the President of the United States? Also explain in your graph what will happen to equilibrium price level and equilibrium real GDP and the unemployment rate when the marginal tax rates are cut and are permanent for people making over $50,000 and the investment tax credit has been implemented by the President of the United States.
"Whether it's a husband and wife at their dinner table, whether it's a small or large business, or a government, economic principles are all the same: you have to spend less than you make" - State Representative Tom Forese (R., Arizona) in 2011. Explain what's wrong with this idea from a macroeconomic point of view. HTML Editor B IUA A 工E 三三三 xx 三E 田回深 T 1 12pt Paragrap

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