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AB 204 Course Extraordinary Success
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• AB 204 Unit 1 -- Unit 9 All Assignments

• AB 204 Unit 1 Assignment Ten Principles of
  Economics

• AB 204 Unit 1 Assignment Ten Principles of
  Economics
• AB 204 Unit 2 Assignment Economic Models and
  Comparative Advantage
• AB 204 Unit 3 Assignment Supply and Demand Model
  and PPF
• AB 204 Unit 4 Assignment
• AB 204 Unit 5 Assignment
• AB 204 Unit 6 Assignment
• AB 204 Unit 7 Assignment Money, Banks and the
  Federal Reserve System
• AB 204 Unit 8 Assignment

• This Assignment deals with the Ten Principles of
  Economics and their applications to different
  scenarios. Each scenario below practices one of
  the 10 principles of economics. Match the
  principles to the appropriate scenario listed and
  justify your answer. Each principle will only be
  used once. Refer to chapter one for the details
  on the ten principles of economics.

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• AB 204 Unit 2 Assignment Economic Models and
  Comparative Advantage

• AB 204 Unit 3 Assignment Supply and Demand Model
  and PPF

• Explain the difference between absolute advantage
  and comparative advantage. Which is more
  important in determining trade between
  individuals or countries? Is it absolute
  advantage or comparative advantage? Why?

• 1) The table below indicates the total quantity
  supplied and demanded of flashlights at different
  price levels.
• Draw Supply and Demand Curves.
• What are the equilibrium price and the
  equilibrium quantity?

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• AB 204 Unit 4 Assignment

• AB 204 Unit 5 Assignment

• 1) U.S. real GDP is substantially higher today
  than it was 60 years ago. What does this tell us,
  and what does it not tell us, about the
  well-being of U.S. residents? What are the
  limitations of the GDP as a measure of economic
  well-being? Given the limitations, why is GDP
  usually regarded as the best single measure of a
  societys economic well-being?

• 1) Assume there is a simple economy where people
  consume only 2 goods, food and clothing. Further
  assume that the market basket of goods used to
  compute the CPI consists of 100 units of food and
  20 units of clothing.
• 2) Calculate how much each of the following items
  is worth in terms of today's dollars using 180 as
  the price index for today.
• 3) The table below uses data for 3 hypothetical
  countries. All the number values are in
  thousands. Complete the blank entries in the
  table below.

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• AB 204 Unit 6 Assignment

• AB 204 Unit 7 Assignment Money, Banks and the
  Federal Reserve System

• PART 1 Comparing Long-Run Economic Growth Rates
  of Countries
• Use the electronic library and databases to
  conduct research to identify the key factors that
  determine long term economic growth. You can find
  the most up-to-date reports on the economic
  growth trends of different countries under the
  World Bank website linked below.
• http//data.worldbank.org/products/wdi

• 1. This section deals with increase money supply
  given two scenarios (see a and b below).
• In Westlandia, the public holds 50 of money one
  (M1) in the form of currency, and the required
  reserve ratio is 20.
• 2. Explain how each of the following changes
  quantity of money (money supply) in the economy.
• 3. Assume that in a country the total holdings of
  banks were as follows

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• AB 204 Unit 8 Assignment

• AB 204 Unit 9 Assignment Monetary and Fiscal
  Policy, Macroeconomic Fluctuations and
  Macroeconomic Equilibrium

• 1. Long-run Macroeconomic Equilibrium and Stock
  Market Boom
• Let us assume the economy reaches its long-run
  macroeconomic equilibrium in 2020. When the
  economy is in the long run macroeconomic
  equilibrium, the stock market will also reach its
  boom. This will in turn lead to increases in
  stock prices more than expected, and the stock
  prices will stay high for some period.

• . Refer to the sets of the aggregate demand,
  short-run aggregate supply, and long-run
  aggregate supply curves. Use the graphs to
  explain the process and steps by which each of
  the following economic scenarios will shift the
  economy from one long-run macroeconomic
  equilibrium to another equilibrium. Under each
  scenario, elaborate the short-run and long-run
  effects of the shifts in the aggregate demand and
  aggregate supply curves on the aggregate price
  level and aggregate output (real GDP).

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