Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You are learning about microeconomic and macroeconomic theories, issues, and applications. In this media assignment, you will have the opportunity to research articles and apply

You are learning about microeconomic and macroeconomic theories, issues, and applications. In this media assignment, you will have the opportunity to research articles and apply your knowledge of the economics as they relate to the articles. The focus of the articles is "change".One article must describe a microeconomic change and the other a macroeconomic change.

Microeconomic Change

Research and describe a microeconomic change in the world. This would be a change for individuals, groups, or a particular firm.

  1. Identify the individuals, groups, or firms impacted by the change
  2. Describe how the individual or business decisions would be different if this change occurred in another economic system. For instance, if the change occurred in a market economy, describe how the decisions to address the change would be different in a command or traditional economy.
  3. Describe how you would deal with this change if it impacted you personally

Macroeconomic Change

Research and describe a macroeconomic change. This would be a change that affects the economy as a whole.

  1. Draw graphs to illustrate the impacts of the change on unemployment and inflation

Please include Citations

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting A Critical Approach

Authors: John Friedlan

4th edition

978-1259066528

Students also viewed these Economics questions