Discussion Post: Macroeconomics
Part 1
• Describe three ways we can use macroeconomic analysis, with one original example for each way.
• You are running a small yard maintenance business for the summer. What do you expect to happen to the number of yards you can maintain in a day as you add workers if you don't purchase more capital equipment (like mowers and leaf blowers)? Provide at least two supporting facts to support your response.
Part 2
• Using the real business cycle theory, explain two effects of an adverse technological shock on the labor market and on the output market.
• Suppose you were interested in increasing technological progress in your country. Suggest two ways to do this.
The response must include a reference list. Using one-inch margins, double-space, Times New Roman 12 pnt font and APA style of writing and citations.