Discuss the following points in 4- 5 paragraps.

What is Economics?

How does Economics work?

How does Economics help everyone?

How can economic growth be achieved?

Discuss the principle of Business Cycle with examples.

What are the main differences between traditional economics and behavioral economics? Traditional economics is mainly theoretical. Cl Behavioral economics does not take as a given that decision makers are rational. 0 Traditional economics assumes that decision makers are fully' informed. Identify the population being studied and the sample chosen. The midterm exam scores of 5 out of the 22 students in your economics class. Answer Population: All students taking an economics class. "Sample: 5 out of the 22 students in your economics class, Population: All students in your economics class.Question 31 4 pts Which economic perspective is MOST associated with tax cuts and the "Laffer Curve?" O Austrian Economics O Supply Side Economics O Monetarist Economics O Keynesian economics Question 32 4 pts Which kind of economic policy focuses on the role of central banks/ Federal Reserve actions in maintaining a healthy economy? O Social policy Egalitarian policy O Fiscal policy Monetary policy