Download Category: Economics

Contemporary economic issues Explain concepts of supply and demand. Describe the concept of macroeconomic equilibrium Discuss how aggregate demand and aggregate supply determine equilibrium price and output in the short-run and long-run. Describe the concepts and measurement of Gross Domestic Product (GDP), unemployment, and inflation. Explain what is meant by “business cycles” and “economic growth and describe the … Read more

Assignment: The Key Concepts in Economics Write a three to four (3-4) page paper in which you: Identify at least four (4) key points of a relevant economic article from either the Strayer Library or a newspaper. The article must deal with any course concepts covered in Weeks 1-8. Apply one (1) of the following … Read more

Why do economic agents need to make choices in the decision-making process Why do economic agents need to make choices in the decision-making process? What are the factors that force us to make choices among the viable alternatives at our disposal during a given period of time? Why do economic agents face tradeoffs in our … Read more