How do substitute and complementary goods affect the demand for a good?

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Assignment Instructions
Answer all of the questions below in 2-3 paragraphs each. Your final submission should be a minimum of two (2) double spaced typed pages.
Unless otherwise stated, you should answer in complete sentences, and be sure to use correct English, spelling, and grammar. Sources must be cited in APA format.
Your response should be a minimum of two (2) double-spaced pages; refer to the Length and Formatting instructions for additional details.

Module 5
1. What is the difference between a “change in demand” and a change in “quantity demanded.” 20 Points
2. What is the difference between a “change in supply” and a change in “quantity supplied.” 20 Points
3. Holding demand constant, what is the only thing that can cause a change in quantity demanded? What are the things that cause a change in demand? 20 Points
4. How do changes in income affect the demand for a good? 20 Points
5. How do substitute and complementary goods affect the demand for a good? 20 Points

Evaluate the three major approaches to analyzing the economic impact of currency depreciation:

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In a critical essay, evaluate the three major approaches to analyzing the economic impact of currency depreciation: the elasticities approach, the absorption approach, and the monetary approach. Compare and contrast the three approaches and provide (( examples)) which distinguish them from each other.
Use at least 5 scholarly, peer-reviewed journal articles. Use statistical data as supporting evidences at least 3 times

What are the tools of monetary policy and how can the Federal Reserve apply these in a recessionary environment?

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1. Students will appreciate the functions, structure and operations of the Fed

2. Students will understand how the Fed influences the money supply and aggregate demand

3. Students will understand the relationship between the money supply and interest rate

4. Students will appreciate contractionary and expansionary monetary policy and problems of monetary policy

For this assignment, please answer the following questions and provide examples when needed. This needs to be done with very detailed answers… This is NOT to be in ESSAY Format! The book you will need to use for this assignment is Exploring Microeconomics by Robert L Sexton.

1. Why do people hold money?

2. What are the tools of monetary policy and how can the Federal Reserve apply these in a recessionary environment?

The more equality the better, unless it comes from enforced redistribution’ Discus

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This paper is for a module called, economics and ethics. There is specific reading material for the reference given by the teacher.

Discuss your opinion on this topic: Do you agree or disagree with the authors?

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Students should review what positive economic statements and normative statements
1. Describe in general the issue that is being debated:
2. Read two or more perspectives on this argument from both sides (support minimum wage increase, oppose minimum wage increase) and describe the authors perspectives on raising the minimum wage to reduce poverty and inequality.
3. Analyze the evidence that each author uses to support his/her thesis: What types of evidence are used? Does the evidence support his or her thesis?
4. Evaluate the qualification of the authors: What bias might the authors have?
5. Discuss your opinion on this topic: Do you agree or disagree with the authors?
6. Why?

What is secular stagnation?

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What is secular stagnation? How far is the concept relevant the current economic situation (pre-covid)?

How does the aggregate economic estimation process address rates of consumption differ over time?

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How does the aggregate economic estimation process address rates of consumption differ over time?

What kind of activities You can undertake in YOUR FIRM to develop internal and external possibilities?

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Please imagen your own firm. What kind of activities You can undertake in YOUR FIRM to develop internal and external possibilities?

Identify one macroeconomic problem that you think is the most pressing (i.e., low growth, high inflation, a large deficit, etc) for the country of your choice.

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The Country Project consists of two parts:
(i) Data Analysis and
(ii) Policy Recommendation.
Part One: Data Analysis
1. You will use data from the IMF’s World Economic Outlook (WEO) database. Currently, the latest edition is April 2020. To access the dataset, go to

Alternatively, follow the path:
IMF web page () → Data →
World Economic Outlook (WEO) →
World Economic Outlook Database April 2020 → Download WEO data: By countries (country-level data)

2. Select one of the “Advanced Economies” or one of the “Emerging and Developing Economies”. Collect available data series for the 5-year period 2015-2019. Analyze the data for 5 or 6 major macroeconomic variables, such as real GDP growth, inflation, unemployment, government budget, current account, etc. Make sure you generate graphs (or charts, time plots, etc) and briefly discuss each of the series (one to two sentences each).

Part Two: Policy Recommendation

1. Identify one macroeconomic problem that you think is the most pressing (i.e., low growth, high inflation, a large deficit, etc) for the country of your choice.
2. Suggest fiscal or monetary policies that can address this problem. Use the IS/LM/FE and/or the AD/AS models to derive the short-run and long-run effects of these policies on the identified problem and on the rest of the macroeconomy.