Answer to Question #210182 in Macroeconomics for Spencer

Question

A. Please create a digital graph of the economy at macroequilibrium. You may use the digital tool of your choice for this (Draw io, Google, PowerPoint, Word, whatever). Save it as an image and put the picture in the answer box.

B. Tell me the most fun thing you've done this summer.

C. Draw a doodle (or a graph if you want.. i'm not picky), take a picture of it, and insert the picture into your answer.

D. What's been the most interesting thing we've studied in this class so far?

Answer 1

(a)

At equilibrium, quantity demanded is equal to the quantity supplied. Any change in price leads to change in quantity.

(b)

Flying a kite. It's funny because a it's usually done by kids.

(c)

(d)

Economics is a social science because it involves people and their choices which makes it complicated and interesting.