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Would policymakers present their policy prescriptions to increase real output any differently than if the economy were far from potential output Questions answered in the peer review. If the economy were close to high potential output, would policymakers present their policy prescriptions to increase real output any differently than if the economy were far from … Read more

Review the concept and details of computing GDP 1) Review the concept and details of computing GDP (GDP.pptx). 2) Read the article in Chapter 23 in your textbook: “Measuring Macroeconomic Well-Being” (OUR TEXTBOOK Principles of Economics, 8th Edition, N. Gregory Mankiw, Cengage ISBN: 978-1-305-58512-6 pages 488-489) – (Week 2 article.pdf ). The article is the same in both … Read more

Choose ONE commodity from EACH of the three categories for a total of THREE different commodities Economic Geography 175 words short two paragraph writing Go to Bloomberg’s Commodities https://www.bloomberg.com/markets/commodities Once here, you’ll notice Bloombergs has an overview of commodities, then the categories: Energy, Metals, Agriculture. 1. Choose ONE commodity from EACH of the three categories … Read more

 Is it fair and equitable? (How are you defining fair and equitable?) Review Mankiw page 162, Figure 6 on deadweight loss and the case study on “The Laffer Curve and Supply-Side Economics”. A common misunderstanding is that the name “supply-side” economics comes from policies of favorable tax reductions for employers. While tax cuts of this … Read more

Do wealthy nations using the labor of developing nations have responsibilities to the people and environment of that country The Cost of Economic Growth In Chapter 7: The Environment – Part II, Hite and Seitz (2016) discuss the existing tension between development and the environment. Development brings economic growth as well as social and environmental … Read more