Author Archives: arely525

Why will there always be at least some unemployment?  Give an example of a public policy that affects the unemployment rate.  Is it positive or negative? Why?   There is what is called the natural rate of unemployment. It all comes down to the way the economy works depending on the levels of frictional andContinue reading “Chapter 15 Reflection”

How does private savings impact investment?  Why is it important for individuals to save in an economy?  How do public policies such as tax policies affect savings rates?  How do government budget deficits affect interest rates? Private savings impact investment because it has to do with how much money is left in a household afterContinue reading “Chapter 13 Reflection”

How does this relate to the theories from the chapter?\ the inflation rates of products are what really get in the way but if there are shortages the way its going to work is everything will be pretty pricy for the people that can afford it the only thing is that its sad because theyContinue reading “Chapter 6 Reflection”

What affects human productivity?  Does public policy affect the availability of resources people need to be productive?  How? Give an example of a public policy you think either inhibits or promotes long run productivity growth. Human productivity is affected by many things people go through different situations that can affect the way they work andContinue reading “Chapter 12 Reflection”

1.  What is the difference between an intermediate good and a final good?  Why do we care? The difference between an intermediate good and a final good is that final good are for consumption or investment meaning that that will probably be the last time this good is being passed around where as an intermediateContinue reading “Chapter 10 Reflection”

1.  Describe efficiency from the perspective of an economist. Efficiency from the perspective of an economist is to me using up the money with the the max capacity for it meaning it is being well used with everything it needs to be used for. Efficiency also means being able to change prices and make theContinue reading “Chapter 7 Reflection”

In many large cities you can now use your cell phone to call Uber or Lyft instead of hailing a taxi.  Would you expect this to affect the prices of taxi medallions (that is really the supply of taxis)?  Why or why not?  Talk about supply and demand curves in your answer. 1. A taxiContinue reading “Chapter 4 Reflections”

What are two weaknesses in the buy local argument? After watching the video are you still going to make an effort to buy local on occasion?  Why or why not?  What economic strengths of buy local are not mentioned in the video? From the perspective of Colorado, is trade with Wyoming different from trade withContinue reading “Chapter 3 Reflection”

How does the use of a very simplified model of the economy such as those found in a production possibilities frontier help you to understand the economy? Did you find it useful? Give an example of something you believed or heard frequently about the economy before reading this chapter.  Did your belief/the comments lead toContinue reading “Chapter 2 Reflection”

What in this chapter made you think about an economic concept differently than your previous beliefs?   What new questions do you have now about the US economy based on this chapter? 1. In this chapter I found out that there are so many things that play a part in the economy, I learned whatContinue reading “Chapter 1 Reflection”