Notes from Dr. Borkosky

Am I looking at the right things? She chose to monitor the consumer price index for indications of inflation; however, she is worried that there may be drawbacks to this index. 23 pages Please advise…, Oops, my bad. According to the production possibilities curve model, as you increase the production of one good, what will happen to the sacrifices of the alternate good? (1) Interest rates will increase, causing a decrease of private investment.

China is experiencing fast economic growth that has caused an increase in the price level. My coaching report brought to light a few obvious opportunities for improvement. I hope this is helpful. There are arguments from the public about whether this policy. Discretionary fiscal policy leads to spending more than is collected through tax revenues. Naturally I suggest that you do the same. The US govt plans to impose trade barriers for cars imported from Japan.

According to Keynes, what should the government do when the economy is booming. Which factor has the most significant impact on consumer spending, according to Keynes? There are currently 7 modules in the course (as of 04/04/18) from the above bit.ly link there are 4 modules worth of recordings. Currently, Florence is a teacher and earns an annual salary of $35,000. What is likely to happen if a developing country is able to attract FDI (Foreign Direct Investment)? The maximum number of skilled and unskilled workers are employed in an economy. The unemployment rate is 9.5%. That is, if a concept can be put on a graph, make sure you understand it well. Sellers can afford to reduce prices because of lower labor costs. There are, The U.S. government plans to impose a quota on the amount of oil imported from OPEC. The short-run AS curve will shift left, and the long-run AS curve will stay the same. This policy will hurt US customers because of higher prices. Textbooks and class enrollments are complements. 98% (53) Pages: 23 year: 2019/2020. Sellers will have to reduce prices to sell the extra output. It has been more than helpful! How is this advantageous to a seller? The supply curve for rice will shift leftward. The US govt plants to impose anti-dumping codes for steel imported from Japan. Why do classical economists believe that the government should not become involved with markets during an economic downturn? They believe that there is a time lag that makes the coordination of government policies with markets difficult. The federal reserve bank can engage in expansionary or contractionary monetary policies to pursue economic stability. That’s a little demotivating that my advice has become obsolete so quickly. The US govt plans to impose a quota on the amount of oil imported from OPEC. There are arguments from the public about whether this policy should be applied or not.

Which two factors explain why the aggregate supply curve slopes upward in the short run? 1. During times of economic contraction, fiscal policies are enacted to close the recessionary gap. What would happen if the U.S. government imposed trader barriers for cars imported from Japan? A country has a population of 50,000,000 people and a labor force of 20,000,000 people. Sellers will have to reduce prices to sell the extra output. The short-run AS curve will shift left; the long-run AS will not shift.

Micro was about 15 years ago (don’t remember a thing) and I’m not slated to take M.A.

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The cohort videos are very helpful, and the text is relevant as well. What is likely to happen if a govt decides to apply lower levels of environmental regulation? ascertains that there is a need to enact a fiscal policy to when the fiscal policy is officially enacted. There will be movement along the supply curve. (1)The unemployment rate increases to 15% in the state of Michigan due to a. Classify each option as either INCREASING or DECREASING if the price of tablets is expected to go down. 1.

Sellers can afford to reduce prices because of lower labor costs. The maximum number of skilled and unskilled workers are employed in an economy. (1) It can only project a budget deficit but not determine the actual budget deficit. What is an example of a side effect that is not included in GDP? A one-time tax rebate does not cause a change in taxpayers' permanent income. According to the law of diminishing productivity, if capital stock is fixed, what will happen to marginal productivity with each additional worker? According to Keynes, household spending habits are stable. Referring to the three economic questions (what, how, and for whom), in a market system, by whom are these questions determined? (3) Japanese car producers and US producers will be hurt. (3) Govt is spending $230b/year more than its tax revenue. Japan has been experiencing a time of economic stability with its full employment real GDP at U.S. $12. In the aggregate demand curve, what explains the negative relationship between price level and real output? govt.

As for the 4-hour long one, I never saw that, so I can’t speak to how useful it is. Florence could earn an annual salary of $70,000 as a financial advisor or $60,000 as a bank manager. runs a federal deficit of $230 billion? (1) US Producers would be able to pay lower wages abroad. Country Y is a large country with a population of 100,000. The Federal Reserve engages in policy actions that change the amount of the money supply when it wants, (1) Usually the federal fund rate is lower than the discount rate. Florence should stay home since she has a lower opportunity cost. Spending will increase, and the AD will shift right. I’m happy to help! It increases aggregate demand because people try to spend their excess money balances, closing the recessionary gap. In May, he. What is an example of a side effect not included in GDP? It includes detailed reports on my study methods and strategies as well as occasional tips and tricks. The US govt plans to impose either a quota or tariff on laptops imported from China. Below are likely scenarios that affect the demand curve for automobiles. for another couple of months. The lower costs allow the firm to hire more workers and increase output. She frequently adds new products and services to her business to appeal to her constantly changing customer base.

thanks Chad really enjoy reading about your journey and appreciate you taking your time to share your tips/trick with us. What is one of the challenges in implementing monetary policy according to the Keynesian school of thought? Below are likely scenarios that affect the demand curve for automobiles, which is correct? Day 2: (1) Listened to the Cohorts for Units 3 and 4, (2) Took Pre Asssessment.

Start studying WGU C719 Macroeconomics Pre-assessment. After Pre Assessment #1 (Competent): The Pre Assessment was not difficult (even though I did quite poorly), but there are some areas covered in the PA which are not covered in the cohorts. There will be a movement along the supply curve. The federal reserve recently announced that it will promote an expansionary policy. It has a low standard of living, as reflected by its real GDP per capita of $50.

Bernice deposits $15,000 into her checking account at BofA, and the required reserve ratio is 10%. This policy will protect the oil production industry in the US. Monetary policy can have lags like fiscal policy. It is expected that output will increase. Referring to the three economic questions (what, how, and for whom), in a market system, by whom are. What does it mean if the govt. A contractionary fiscal policy to bring AD back through point A. Japan has been experiencing a time of economic stability with its full employment real GDP at US $12 trillion. The short-run AS curve will shift right, and the long-run AS curve will stay the same. Money can have several forms, including dollar bills, coins, or other commodities that are accepted as form of payment in exchange of goods and services.

(1) Equilibrium price for the current month: DECREASE. The national debt is the amount of debt the fed. Budget deficits and surpluses are a flow concept, while the national debt is a stock concept made up by the sum of past budget deficits minus all past budget surpluses. Day 4: (1) Read the first half of Chapter Y, (2) Read the Summary for Chapter Y, (3) Read the Summary for Chapter Z (4) Scheduled OA. I meant the cohorts for *Units* 1, 2, 3, and 4. It has a low standard of living, as reflected by it's real GDP per capita of $50. Cost of production will go down, and output will go up. What would happen if a U.S. firm constructed a plant in China?

Heather is watching the news and expresses her frustration with the Federal Reserve's inability to control the economic recession over the past five years. According to Keynes, household spending habits are stable. View Test Prep - Pre Assessment Microeconomics PJKO WGU Student Portal _ Coaching Report.pdf from MICROECONOMICS C718 at Western Governors University. It is now July, and he is still receiving unemployment benefits. There is an output gap, and the Federal Reserve buys bonds from the public leading to the money supply increasing and the interest rate decreasing. 1,900,000 (labor force * unemployment rate)=Number of Unemployed People. The national debt is often a topic of debate on the news and among economists, who are concerned about how it will be paid off and by whom. Prices will rise rapidly, and unemployment will fall. ran a budget surplus for several consecutive years by reducing federal spending and increasing some tax rates. $30,000 (guess you don't count imports/exports since it's DOMESTIC product?). While GDP is useful for evaluating a standard of living, it does not account for the side effects of increased production. The US govt plans to impose a quota on the amt of coffee imported from Brazil. Florence could earn an annual salary of $70,000 as a financial advisor or $60,000 as a bank manager.

The national debt is often a topic of debate on the news and among economists, who are concerned about how it will be paid off and by whom.

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