Economics (MindTap Course List)
Economics (MindTap Course List)
13th Edition
ISBN: 9781337670647
Author: Arnold
Publisher: Cengage
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Chapter 9.1, Problem 3ST
To determine

Explain the classical position on prices and wages.

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How human recource allocated in an economic?
Respond to B.A. I have chosen Gross Domestic Product (GDP) as the macroeconomic indicator to review and provide  a forecast prediction. Based on the current trend I predict a 2% annual GDP growth rate, indicating an unstable economy due to the impact of Donald Trump's tariffs on some countries and other other economic factors. This growth rate is lower than the historical average , indicating a slowdown in economic expansion. Overall, the forecast suggests a modest growth in GDP, but with potential risks and uncertainties ahead. But if he reverse his tariff policies, I think it could possibly result in a strong economic growth. As the removal of tariffs would likely minimize the costs for businesses and consumers and also rise trade and economic activities.  Provide feedback/comments this post. You could agreement or disagreement (including why you agree or disagree). Or you could expand on this post by sharing different views and predictions.
Can you show me how to solve this.
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