PRICE LEVEL 140 135 AD A 130 125 120 115 110 105 100 0 1 2 3 5 OUTPUT (Trillions of dollars) o 8 AD2 8

Can you think of ways that globalization has helped you economically? Can you think of ways that it has not?

Go to this website (http://www.measuringworth.com/ppowerus/) for the Purchasing Power Calculator at measuringWorth.com. How much money would it take today to purchase what one dollar would have bought in the year of your birth?

Metropolitan Hospital has estimated its average monthly bed needs as N=1,000+9X where X=timeperiod(months);January2002=0 N=monthlybedneeds Assume that no new hospital additions are expected in the area in the foreseeable future. The following monthly seasonal adjustment factors have been estimated, using data from the past five years: Forecast Metropolitans bed demand for January, April, July, November, and December 2007. If the following actual and forecast values for June bed demands have been recorded, what seasonal adjustment factor would you recommend be used in making future June forecasts?

With in 1 or 2 percentage points, what has the U.S. inflation rate been during the last 20 years? Draw a graph to show the data.

Explain what economists mean by menu costs.

What are some examples of innovative products that have disrupted their industries for the better?

In what ways (it) company investments in research and development create positive externalities?

Exercise A3 What dome slices of a pie chart represent?

According to Table 19.7, how often have recessions occurred since the end of World War II (1945)?