GM545 Final Exam Study Guide 1. Demand and Supply (TCO A) Know what the law of supply and demand is all about and be able to predict the impact on equilibrium price and/or quantity when supply and/or demand factors change. The interpretation of some basic graphs will be required. 2. Elasticity and Marginal Revenue (TCO B) The label on this question suggests what you need to know. You need to be able to calculate price elasticity of demand and/or supply and be able to interpret it
Premium Economics Inflation Supply and demand
ECS1601/202/2/2011 STREPIESKODE BAR CODE Department of ECONOMICS Economics IB (ECS1601) Tutorial letter 202/2011 (Second semester) 1. Solutions to Assignments 03 and 04. UNISA 2 Dear Student The purpose of this tutorial letter is to provide you with the correct answers to the assignments. 1. The solutions to Assignments 03 and 04. Assignment 03 - Unique number 810132 Explanations 3.1 The correct alternative is (3) According to the assumptions of the simple Keynesian model
Premium Economics Macroeconomics Unemployment
Introduction The economy fluctuations in today’s world have become one of the most important factors in determining the direction of an economy growth. Non-stable economy can harm and slow the development and growing rate of a nation. There are many tools to stabilize the economy and reduce the frequency and the altitude of economic fluctuations. Among these tools are the fiscal policy and monetary policy. This report discusses the fiscal policy and why the governments use this too to stabilize
Premium Public finance Macroeconomics Keynesian economics
NUMBER SYSTEM Definition It defines how a number can be represented using distinct symbols. A number can be represented differently in different systems‚ for instance the two number systems (2A) base 16 and (52) base 8 both refer to the same quantity though the representations are different. When we type some letters or words‚ the computer translates them in numbers as computers can understand only numbers. A computer can understand positional number system where there are only a few symbols
Free Hexadecimal Binary numeral system Decimal
disadvantage and in desperate need of more men. Believing that he could aid the Confederacy‚ Booth began to develop a plan to kidnap the president and find recruits to help with his scheme. Booth started his recruiting in August 1864‚ when he meet with friends and former Confederate soldiers‚ Michal O’Laughlen and Samuel B. Arnold‚ and convinced them to join his cause.
Premium John Wilkes Booth Abraham Lincoln President of the United States
environment composed of dialogue between only two characters. The two brothers‚ Lincoln and Booth; which were said to be names given to them as a cruel joke by their father‚ are forced to raise each other and fend for themselves. Lincoln‚ the older of the two‚ gives up a life of coning people out of their money to lead a more honest and respectable life‚ only to fall back into deceiving and cheating people once more. Booth‚ on the other hand‚ wishes he had the skills to “con” people and curses Lincoln for
Premium English-language films Family Parent
interest. The budget balance is usually reported as percent of GDP. 2.1 Balanced-Budget Multiplier Balanced-budget multiplier is a measure of the change in aggregate production caused by equal to one‚ meaning that the multiplier effect of a change in taxes offsets all but the initial production triggered by the change in government purchases. This multiplier is the combination of the expenditures multiplier‚ which measures the change in aggregate production
Premium
would change and why it might change. Then‚ show graphically and state how fiscal policy could be used to get the economy back to full employment—be specific please. 2. From the problem above‚ if the RGDP gap was 2 trillion dollars‚ and the multiplier is 2‚ what would have to be the initial change in spending to get the economy back to full employment? What kind of spending would be more likely to move the economy back to full employment and why? What kinds of things would this money be
Premium Keynesian economics Public finance Macroeconomics
1 tourism impacts The impacts of tourism can be sorted into seven general categories: 1. Economic 2. Environmental 3. Social and cultural 4. Crowding and congestion 5. Services 6. Taxes 7. Community attitude Each category includes positive and negative impacts. Not all impacts are applicable to every community because conditions or resources differ. Community and tourism leaders must balance an array of impacts that may either improve or negatively affect communities and their residents
Free Economics Economy Tourism
for the murder of the Union leader‚ Abraham Lincoln. Context: John Wilkes Booth and his fellow Confederate sympathizers wanted to plot a plan to capture the president and take him to the Confederate capital of Richmond in a plan to demand peace or the release of confederate soldiers. Example: “That means nigger citizenship‚ now‚ by God‚ I’ll put him through. That is the last speech he will ever make”(Hamner). Analysis: Booth is expressing his hateful emotions after the speech he just heard from Lincoln
Premium John Wilkes Booth Confederate States of America Abraham Lincoln