Develop a model of a market, utilizing supply and demand. What are the dominant variables or parameters?

1. DEFINITIONS. Define any 10 terms. Give examples where pertinent.

Macro Economics        Opportunity cost

Model/Theory              Micro Economics

Real capital                   Fiscal

Deficit                            GDP

Debt                                Net exports

Consumer Price Index  Producer Price Index

Consumption spending  Investment

Inflation                         Production Possibility Curve

 2. ESSAY QUESTIONS. Please answer Question three (3), and either question one or two. Answer all parts of each question.

1. a) What is Supply? What is Demand?

b) Develop a model of a market, utilizing supply and demand. What are the dominant variables or parameters?

c) What is a shortage? What is a surplus? DEMONSTRATE.

d) Via the model, explain the dynamic changes that can happen in a market. Give examples.

e) Relate the Micro economic model of supply and demand to the Macro-economic model of Aggregate Demand and Aggregate Supply.

2. a) What is the Business cycle? Demonstrate and explain.

b) What is the importance of GDP?

c) What is the distinction between nominal GDP and real GDP? What is the GDP price deflator?

d) From a macro-economic perspective, how do we measure economic growth? Explain, and give examples.

e) How important do you think is the measurement of macro-economic growth?

3.

a) What is Aggregate Demand?

b) Develop a model showing the importance and effects of Aggregate Demand on the overall economy.

c) What is Fiscal Policy? What are the goals of Fiscal Policy? What are the tools of Fiscal Policy?

d) Explain the how expansionary Fiscal Policy would be implemented.

e) What is the presumed result of the use of Fiscal Policy?

 f) What are the criticisms regarding the use of Fiscal Policy?

Collepals.com Plagiarism Free Papers

Are you looking for custom essay writing service or even dissertation writing services? Just request for our write my paper service, and we'll match you with the best essay writer in your subject! With an exceptional team of professional academic experts in a wide range of subjects, we can guarantee you an unrivaled quality of custom-written papers.

Get ZERO PLAGIARISM, HUMAN WRITTEN ESSAYS

Why Hire Collepals.com writers to do your paper?

Quality- We are experienced and have access to ample research materials.

We write plagiarism Free Content

Confidential- We never share or sell your personal information to third parties.

Support-Chat with us today! We are always waiting to answer all your questions.