Draw out multiple supply-demand graphs
Problem: Draw out multiple supply/demand graphs and identify (in color) where you have: 1) Consumer Surplus, 2) Producer Surplus, 3) Consumer Deadweight Loss, and 4) Producer Deadweight Loss.
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There are few signs of emerging excesses that even undermined America's own banking system at the end of the 1980's...Again, of course, a significant fall in asset prices would harm balance sheets, but not do anything like the scale in post-bubble
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Draw out multiple supply/demand graphs and identify (in color) where you have: 1) Consumer Surplus, 2) Producer Surplus, 3) Consumer Deadweight Loss, and 4) Producer Deadweight Loss.
You observe that output is above full-employment output. Politicians are arguing about the possible reasons. One party claims that this is due to a drop in world oil prices.
Brynjolfsson et. al.'s model of consumer surplus provides a quantitative measure of the value of the Long Tail. Outline a method, and the kind of data that you would want, in order to apply this model to one of your examples in part 1.
Sum the individual firm supply curves to derive the market supply curve. Plot the market demand and market supply curve with price as a function of output to illustrate the equilibrium price and level of output.
In the aggregate demand-aggregate supply model, a decrease in the money supply will cause in the short run a(n)
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