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MACRO1 (ECON1010) Assignment 1 (Chapter 28, 26&27)

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Short Answer Questions: a) (1 mark) What is the size of the labour force in this economy? Labour force = total number of workers in the economy = employed + unemployed = 7,000 + 2,000 + 600 = 9,600

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MACRO1 (ECON1010) Assignment 1   (Chapter 28, 26&27)
Topics this document covers:
Fiscal policy Macroeconomics Economy Economics Deficit spending Government budget balance Crowding out Keynesian economics Balanced budget Political debates about the United States federal budget Deficit reduction in the United States
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Topics this document covers:
Fiscal policy Macroeconomics Economy Economics Deficit spending Government budget balance Crowding out Keynesian economics Balanced budget Political debates about the United States federal budget Deficit reduction in the United States
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This assignment contributes to 20% of the overall marks for the course. 2. Only a single submission permitted (hence, please ensure to attach the file version of the assignment) 3. Use and Submit this template only for your submission (i.e., write down your answers in the space provided in each question and submit) – any other form of the file is N...
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