3.1. Use a diagram to explain how a decrease in government spending will affect the level of income in the Keynesian model. (Explanation) 3.2. Use a diagram to explain how an increase in taxes will affect the level of income in the Keynesian model. (Explanation) 3.3. South Africa experienced a severe decline in real gross domestic production during the last quarter of 2008 and the two quarters of the first half of 2009. Use an AD-AS model to illustrate and explain the policies that could be used to resolve this situation. (Explanation)

 

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3. Consider a job you hold now or have held recently. Would you want this job be redesigned to place more emphasis on efficiency? Motivation, ergonomics or mental processing. What changes would you want and why?

 

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3 pages written in double space about the following subject from our reading(text that you purchased from the copy center).

You have to incorporate the following subject: The Aztec people, a) the Aztec Languages, their background, their history, culture, the patterns, the Aztec Empire, the History, the Cultural patterns(Government, tribute and trade, their economy, transportation, mythology and religion, the human sacrifice, social structures class structure, education, arts, city building and arquitecture, agriculture and their relationship to other meso- american culture and societies, their legacy, code, the conquerors, priests and scholars,.

From all these aspects of this civilization you have to write the most important aspects that you are considering to be the issues that they characterize this civilization that they came to be.

The most important is that you will be able to study in depth and analyze the core of this civilization and how they were able to succeed and governed for so many generations and also were able to leave a culture and work for all people to see the remaining of their work.

 

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3.)Over the course of the 20th century, real GDP per capita inthe US rose mostly as a result of:

A.) Rising employment

B.)An increase in the averagehours of work.

C.) Rising population

D.)Rising productivity

4.) The production function exhibits:

A.)

Increasing returns to physical capital.

B.)

Constant returns to physical capital.

C.)

Diminishing returns to physical capital.

D.)

Negative returns to physical capital.

5.) In the production function, which of the following isrepresented by K/L:

A.)

Capital per worker.

B.)

Output per worker.

C.)

Technology.

D.)

Real GDP per capita.

6.)For a developed country, the most important driver ofproductivity growth is:

A.) Labor unions.

B.)

Technology.

C.)

The presence of natural resources.

D.)

Government programs for the quality of work.

 

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3.“I just heard on the news that GDP is higher this year than it was last year. This means that we’re better off this year than last year.” Are you agree with this statement? Comment.

 

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