ECO372 Phoenix Real Economy In The Long Run & Open Economies

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timer Asked: Feb 5th, 2019
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Question Description

Purpose of Assignment

Week 3 will help students develop an understanding of what money is, what forms money takes, how the banking system helps create money, and how the Federal Reserve controls the quantity of money. Students will learn how the quantity of money affects inflation and interest rates in the long run, and production and employment in the short run. Students will find that, in the long run, there is a strong relationship between the growth rate of money and inflation. Students will review the basic concepts macroeconomists use to study open economies and will address why a nation's net exports must equal its net capital outflow. Students will demonstrate the relationship between the prices and quantities in the market for loanable funds and the prices and quantities in the market for foreign-currency exchange. Student will learn to analyze the impact of a variety of government policies on an economy's exchange rate and trade balance.

Assignment Steps

Resources: National Bureau of Economic Research

Develop a 2,100-word economic outlook forecast that includes the following:

  • Analyze the history of changes in GDP, savings, investment, real interest rates, and unemployment and compare to forecast for the next five years.
  • Discuss how government policies can influence economic growth.
  • Analyze how monetary policy could influence the long-run behavior of price levels, inflation rates, costs, and other real or nominal variables.
  • Describe how trade deficits or surpluses can influence the growth of productivity and GDP.
  • Discuss the importance of the market for loanable funds and the market for foreign-currency exchange to the achievement of the strategic plan.
  • Recommend, based on your above findings, whether the strategic plan can be achieved and provide support.

Use a minimum of three peer-reviewed sources from the University Library.

Format your paper consistent with APA guidelines.

Money and the Prices in the Long Run and Open Economies Grading Guide ECO/372 Version 10 Principles of Macroeconomics Money and the Prices in the Long Run and Open Economies Grading Guide ECO/372 Version 10 Individual Assignment: Money and the Prices in the Long Run and Open Economies Purpose of Assignment Week 3 will help students develop an understanding of what money is, what forms money takes, how the banking system helps create money, and how the Federal Reserve controls the quantity of money. Students will learn how the quantity of money affects inflation and interest rates in the long run, and production and employment in the short run. Students will find that, in the long run, there is a strong relationship between the growth rate of money and inflation. Students will review the basic concepts macroeconomists use to study open economies and will address why a nation’s net exports must equal its net capital outflow. Students will demonstrate the relationship between the prices and quantities in the market for loanable funds and the prices and quantities in the market for foreign-currency exchange. Student will learn to analyze the impact of a variety of government policies on an economy’s exchange rate and trade balance. Resources Required National Bureau of Economic Research Grading Guide Content Student developed an economic outlook forecast that includes an analysis of the history of changes in GDP, savings, investment, real interest rates, and unemployment and compare to forecast for the next five years. Student developed an economic outlook forecast that includes a discussion of how government policies can influence economic growth. Student developed an economic outlook forecast that includes an analysis of how monetary policy could influence the long-run behavior of price levels, inflation rates, costs, and other real or nominal variables. Student developed an economic outlook forecast that includes a description of how trade deficits or surpluses can influence the growth of productivity and GDP. Student developed an economic outlook forecast that includes a discussion of the importance of the market for loanable funds and the market for foreign-currency exchange to the achievement of the strategic plan. Student developed an economic outlook forecast that includes a recommendation, based on their findings, of whether the strategic plan can be achieved and the student provides support. Met Partially Met Not Met Comments: 2 Money and the Prices in the Long Run and Open Economies Grading Guide ECO/372 Version 10 Content Met Partially Met Not Met Total Available Total Earned 12 #/12 Partially Met Not Met Total Available Total Earned 3 #/3 15 #/15 Comments: The paper is 2,100 words in length. Writing Guidelines Met The paper—including tables and graphs, headings, title page, and reference page—is consistent with APA formatting guidelines and meets course-level requirements. Intellectual property is recognized with in-text citations and a reference page. Paragraph and sentence transitions are present, logical, and maintain the flow throughout the paper. Sentences are complete, clear, and concise. Rules of grammar and usage are followed including spelling and punctuation. Assignment Total Additional comments: # Comments: 3

Tutor Answer

Mercury_H
School: Carnegie Mellon University

Attached.

THE REAL ECONOMY
IN THE LONG RUN
PRESENTED BY:

Country’s Productivity
• Economic growth of a company is measured by determining the real output of goods and
services over a certain productivity over time.

• The government has to involve the workers so as to the productivity of a country can
increase.
• Labor market contributes to the economic welfare of a country.

Country’s Productivity
• It is important to note that the productivity of a country can either be high or low.
• Productivity is i...

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Review

Anonymous
Tutor went the extra mile to help me with this essay. Citations were a bit shaky but I appreciated how well he handled APA styles and how ok he was to change them even though I didnt specify. Got a B+ which is believable and acceptable.

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