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1. From the scenario for Katrina’s Candies, determine the importance of predicting the pricing strategies of rival firms in an industry characterized by mutual interdependence. Provide a rationale for your response.
2. Examine the common price setting strategies of airlines that use game theory. Predict the potential effects of such pricing strategies on the demand for seats, and conclude the resulting impact on the profitability of the airlines.
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Addressing supply and demand for the iPhone 6 plus.
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Richland College Economic Policies of the US Discussion
1.Description of the state of the US economy.
1.1Describe the state of the US Economy for the years between 2006 and now i ...
Richland College Economic Policies of the US Discussion
1.Description of the state of the US economy.
1.1Describe the state of the US Economy for the years between 2006 and now in terms of the macroeconomic measures discussed in the course (GDP, unemployment, and inflation rates).
-Gather annual raw data from the National Bureau of Economic Research (NBER) (http://www.nber.org/), Bureau of Labor Statistics (https://www.bls.gov/), Bureau of Economic Analysis (https://www.bea.gov/), or other government agencies and departments and
-Use tables, graphs, and charts to present the data. The tables, graphs, and charts must be your own creation. Don’t copy and paste from an external source
1.2 As you will notice from your data analysis, the economy passes through different phases and turns.
-Describe what the data tell you identifying times of economic expansion, contraction, peak, and trough.
-Discuss the implications of a given state (for example, recession) in terms of households, businesses, and the entire society as a whole. Share your thoughts why it is important for you to understand the different states through which the economy passes. Share personal examples and experiences.
2.Analysis of economic policies
2.1In your analysis of the macroeconomic data, you will notice that the U.S. economy passed through a major recession. Based on research, discuss the underlying causes of the recession. Identify Monetary and Fiscal policies implemented by the Federal Reserve and the government to deal with the recession.
2.2Evaluate the expected and actual effects of each policy. Your response needs to include the name of the policy, description of the policy, the year it is implemented, and discussion of expected and actual outcomes in terms of the GDP, unemployment and inflation rates.
2.3Based on your response for item 2.2 and after close observation of the Classical and Keynesian perspectives discussed in the course, share your position on the effectiveness of fiscal and monetary policies to deal with recession or inflation.
2.4As part of the economy, each of us will be affected by the state of the economy and the actions policy makers take to stabilize or advance it. Conclude by sharing why understanding these actions and outcomes matter to you as an individual who is part of the economic system. How do they affect the society/economy? What could be done differently? Share personal examples and experiences.
Managerial Economics, assignment help
The aggregate demand is determine by the sum of demand for all the goods and service in the economy. There are four major ...
Managerial Economics, assignment help
The aggregate demand is determine by the sum of demand for all the goods and service in the economy. There are four major components of aggregate demand which are: Consumption, Investments, Net exports, and Government purchases. We can rebuild ‘’the economy by instituting a massive public investment and financial support program focusing on jobs, housing, state and local services, green investments, and infrastructure investments, supported by expansionary monetary policy.’’ Epstein, G. (2009). A recession gap resulted in the aggregate demand (GDP) during President Obama term because of the high rate of unemployment. Consumers spend more in the economy when they are employed and less when they are unemployed. The decrease of unemployment will affect the aggregate demand curve by allowing for consumers to have more money to spend in the economy. When more individuals are working it will shift the aggregate demand curve to the right because it will be more spending in the economy. The increasing of jobs in the economy will increase the consumers spending in the economy because more are working. The Keynesian Model is appropriate for describing the health of the economy. When employment is at the full level, prices will be more flexible because when unemployment is high then wages and prices going to fall. Any amount of changes in the spending habits in the economy that hold the price level constantly will affect the aggregate demand curve. The government policies can play a huge role in the aggregate demand, because it is the total amount of goods and services spent in the economy. A shift of the aggregate demand curve to the right can result from: consumer’s increase in wealth, increase in population, or tax cuts because consumers will spend more, when they make or have more money. The decrease of consumer’s spending in the economy will shift the aggregate demand curve to the left.Reference: Epstein, G. (2009). Obama’s Economic Policy: Achievements, Problems and Prospects. Retrieved from https://regulation.revues.org/7459#tocto1nNeed a reply to this and in 300 words and in APA Format with intext citation and reference the reading material that is provided please.
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Like bread and butter go together, so do supply and demand. In this activity, you will select a country and explore the co ...
Texas A & M International University Macroeconomics Supply and Demand
Like bread and butter go together, so do supply and demand. In this activity, you will select a country and explore the concepts of supply and demand and market equilibrium. Locate a recent article (published within the last year) that discusses supply and demand of an exported good at the macro level. You can use the Hunt Library, newspapers, new stations, or other credible sources to locate an article. Analyze your selected country's exported good and determine the market equilibrium. Include the following in your discussion.Identify the country chosen. Discuss the exported good. Define the Law of Supply and the Law of Demand. Examine the concepts of change in demand, change in quantity demanded, change in supply, and change in quantity supplied and state how these concepts apply to your selected country. Identify the determinants of supply and demand. Explain factors that will shift the supply and/or demand curves to the left and/or to the right. Summarize your findings using at least 250 words and provide a minimum of one reference. Use current APA formatting to document your sources.
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