Please answer the following essays. Copy and paste the questions into a word processor. Then answer the questions and submit them through this assignment upload area. Note: Plagiarism of lesson notes whereby the language is verbatim of what has been written will result in an "F". This also applies to information taken from the Web.
What "prescriptions" for an ailing economy might the Keynesians and Classical economists prescribe? How do their respective policies result in full employment equilibrium?
Describe the law of supply and the "slope" of the "aggregate supply" curve (i.e. what effects give the AS curve its unique slope…).
Scenario: Minimum wages have risen. What are the effects on small businesses? Who proposes such polices and for what societal purposes?
Explain the purpose of rent controls and how shortages brought about by such controls might lead to an affordable housing crisis.
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