Homework 1

Micro

Due Tuesday, October 6

 

Chapter 1, problems on pages 20-22

            1 a, b, c, k

            2

            6

            11 a, b, d

 

Chapter 2, Problems on pages 42-44

            2

            5

            15

 

 

  1. What is the main difference between Classicals and Keynesians when it comes to their views of the role of government within a market system?

 

  1. Why is the demand curve downward sloping?

 

  1. What are two factors that would cause the demand curve to shift to the left?