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ASSIGNMENT 04
C11E
Macroeconomics
Directions: Be sure to save an electronic copy of your
answer before submitting it to Ashworth College for grading. Unless otherwise
stated, answer in complete sentences, and be sure to use correct English,
spelling and grammar. Sources must be cited in APA format. Your response should
be four (4) double-spaced pages; refer to the “Assignment Format”
page located on the Course Home page for specific format requirements.
Part A
1.
Describe
three (3) ways we can use macroeconomic analysis, with one (1) original example
for each way.
2.
You
are running a small yard maintenance business for the summer. What do you
expect to happen to the number of yards you can maintain in a day as you add
workers if you don’t purchase more capital equipment (like mowers and leaf
blowers)? Provide at least two (2) supporting facts to support your response.
Part B
1.
Using
the real business cycle theory, explain two (2) effects of an adverse
technological shock on the labor market and on the output market.
2.
Suppose
you were interested in increasing technological progress in your country.
Suggest two (2) ways to do this.
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