Economics complete | Economics homework help




IS: Sexton, R. L. (2013). Exploring Economics (6th ed.). South-Western Cengage Learning.




  1. Compare and contrast the three types of unemployment, (frictional, structural, and cyclical).  If you were a policy maker which type of unemployment would be most bothersome to you?

  2. What costs are associated with inflation?  Explain at least 3 different costs that individuals or businesses experience when inflation rises.

  3. Explain why transfer payments are not included in GDP.


4.     Using the components of GDP covered in section 22.1 of your text, explain which component would be affected by the following (only one component should be chosen for each scenario):


          a.  You buy an Italian purse.


          b.  You buy a new house.


          c.  New lanes are added to Interstate 40.


          d.  You buy groceries.


   e.  You buy a new washer and dryer.


5. Suppose the economy is at a macroeconomic equilibrium as is shown in section 25.6 of the text.  The government decides to give every taxpayer a $500 tax refund.


a.  What happens to the aggregate demand curve after the refund?


b.  What happens to the price level after this change?


c.  Is real wealth increased or decreased as a result of the refund?




6. Review Section 22.7 in your text.  Compare and contrast the results of the Classical Model and the Keynesian model after an expansionary policy.  Keep in mind that the economy is in a recession and not at full employment.  Address the following:


a.  The shape of the aggregate supply curve in each model in both the long-run and short-run.


b.  The effect of an expansionary policy on aggregate demand in both the long-run and short-run.


c.  The effect of an expansionary policy on the price level in both the long-run and short-run.


Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more