According to the Journalists Resource,
(https:/journalistsresource.org/studies/economics/inequality/the-effects-of-raising-the-minimumwage) California became the first state to adopt legislation that
The Economy on the Rise as Unemployment is in Decline
I think that the current economy is getting better with time and is continuing to develop. The current
declining unemployment rates are an indicat
1A.)
The real GDP measures the total value of goods and services produced in a nation within one year,
accounting for inflation. The output of goods and services has increased by 3% since last year wh
Unemployment compensation provides a small amount of aid to alleviate some of the problems people
face when unemployed. Unemployment insurance is both administered and financed by the government
to he
The current ban placed on the selling of organs was initially intended to regulate the trade of organs, but
in actuality, it has been disadvantageous. With the constant demand for organs, this ban has
CommandEconomy
Aneconomythatreliesongovernmenttodeterminewhogetswhat.
-An economic system in which the government controls a country's economy.
Market
Happenswheneverproducersandconsumerscometogethert
1a.)
Economic Analysis
1.) S increases to S1. The original point of equilibrium E1 decreases to E2.
2.) The change is due to the new technology being able to produce more wheat, therefore increasing t
The conjugate is the same binomial with the
opposite sign!
What happens when you multiply conjugates?
since the conjugate makes your radical signs
go bye bye, you can use them to rationalize
the denom
Policies to Promote Economic Growth
A country experiences economic growth if it has increased its longrun ability to produce goods
and services, no matter the current shortrun phase of the nations bus
1
a
Barriers to Trade
There are gains from trade. Total output is greater when countries specialize according to their
comparative advantage and trade rather than trying to be selfsufcient. The theory
Quadratic Functions & Equations!
5.1 Attributes & Transformations (p. 152)
Vertex Form y = a(x - h)2 + k
vertex is (h, k)
Axix of symmetry is x = h
and "a" says if it opens up or down
Graph y=3x2
Firs
The equilibrium federal funds rate established in the money market is the focus of monetary
policy, not the discount rate set directly by the Fed.
3. Open market operations (OM05). OMOs refers to the
Long-Run Aggregate Supply
In this activity we move from the short run to the long run. In the short run, at least one factor of
production is xed. In the long run, all factors of production are variab
Private or Public? Public Goods and Services "
Our Economic System
An economic system is the way in which people and societies organize economic life to answer three
basic questions: What goods and se
Complex Numbers
Try these:
Try it:
(-2 + 3i) + (5 - 2i)
Multiply:
(-6 - 5i)(1 + 3i)
(8 + i)(2 + 7i)
Now you try:
Find all of the solutions to the quadratic
equation.
One more.
The total value of goods produced and
services provided in a country during one year
approach for estimating GDP, which is a measure of the economy's
output produced within a country's borders irrespe
Solving Roots, Cubes and Inverses
Examples:
Always check
for
extraneous
solutions!
10.4 Cube Root Equations
Solve
=3
any time you have 2 solutions, check for
extraneous.
Solve and check.
Actual versus Full-Employment Output
The model of aggregate demand (AD) and aggregate supply (AS) predicts that the macroeconomy
will come to equilibrium at the intersection of a downward-sloping AD c
9.1 - 9.4 Roots and Radicals
Find all real square roots of the number:
10,000
-100, 100
- 81
no real square roots
find all real cube roots:
-343
= (-7)(-7)(-7)
so the cube root is -7
simply the radica
5.3 Modeling with Quadratic Functions
(page 165 of the textbook)
e.WM.mu#BBpHBtEBppffEBoeEeeeEes.EzshEeeensEEeeeaara
!EEIeIIe
EEtI
'
g-
.tt#4
bb
E
Use Quadratic regression to
write an equation to mode
Factoring Quadratic Expressions
When factoring, always do these first:
1. Put terms in descending order
2. GCF (greatest common factor)
3. Factor out a negative leading term
Difference of Squares:
of
A lower price level decreases the demand and the equilibrium interest rate.
As price levels fall, people spend more which increases the output.
When the price levels rise people will buy more foreign
The equilibrium federal funds rate established in the money market is the focus of monetary
policy, not the discount rate set directly by the Fed.
3. Open market operations (OM05). OMOs refers to the
Short-Run Equilibrium and Short-Run Supply in Perfect
Competition
The word equilibrium refers to being in a state of rest or balance. You know the meaning of this
term in the context of a competitive