How does the aggregate goods and services market differ from the regular (microeconomic) supply and demand market that was presented in module 2? In other words, how does aggregate demand and aggregate demand differ from normal supply and demand? Address the measures of price, quantity, and the demand and supply curves.
2. Module 7
Instructions –This posting should be a minimum of 100 words and show understanding of the economic concept being discussed.
Select one of the following schools of economic thought: Keynesian, Chicago, Modern Money Theory (MMT)and Austrian. Identify three keys’ points or beliefs that are held by that particular school. What are the macroeconomic policy implications of those beliefs? Explain your answer. Which school of economic thought do you find to be most convincing? Why?
3. Module 6
Instructions – This posting should be a minimum of 100 words and show understanding of the economic concept being discussed.
What is the relationship between the Federal funds rate and the prime interest rate? Why doesn’t the Federal Reserve target the prime interest rate? How is the Federal funds rate established? What role does the Federal Reserve play?
4. Module 8
Instructions –This posting should be a minimum of 100 words and show understanding of the economic concept being discussed.
What are the similarities and differences in the economic effects of tariffs and quotas? Which one is more effective in protecting an industry and why?
