There are two factors that encourage long-term economic growth most which is
the quantities of labor and labor productivity. Quantity of labor is the total number
of labor hours available and equals the labor force multiplied by average hours per
The aggregate demand multiplier is an effect that magnifies changes in
expenditure plans and brings potentially large fluctuations in aggregate demand.
In this week, I spent around $50 to buy food in Walmart.
According to the aggregate demand multiplie
1a and b.
The amount of U.S national debt is $15,987,197,341,849.02. The estimated
population of the United States is $313,389,347, so each citizens share of this debt is
$51,013.85. I believe that the side of U.S national debt is a serious proble
Econ 202 final
1. What stage of the business cycle is the economy probably in at the end of year 5?
How do you know? What evidence leads you to this conclusion?
Business cycle is alternating periods of growth and decline in an economys GDP.
Where are four
When I typed National Budget Simulator on Google, I found the website of The
Committee for a Responsible Federal Budget http:/crfb.org/stabilizethedebt/. The goal
of this national budget simulator is stabilize the U.S debt to achieve 60% of GDP which is
The Space Shuttle: Cost vs. Benefit?
Question # 2:
How should a decision maker think about the sunk cost of a project when
considering whether to continue to fund it?
Sunk cost is a cost that has already been incurred and thus cannot be recovered.