Many events, such as speculation on the value of stocks or even the bursting of the housing or Internet bubbles, directly affect a limited number of people, but indirectly affect others in the economy. This is similar to the way a rock dropped into a pond creates ripples. How might these isolated economic events send ripples throughout the entire economy and bring about a recession?

Write the given argument as a chain of conditional propositions that have the form if $p$, then $q$. Then determine the validity of the entire argument.

Premise: $\qquad$ If taxes are increased, then taxpayers will have less disposable income. Premise: $\qquad$ With less disposable income, spending will decrease and the economy will slow down. Conclusion: $\quad$ A tax increase will slow down the economy.

Identify Impact of Stock Market Speculation on Great Depression

Write a paragraph identifying how stock market speculation led to the Great Crash that marked the beginning of the Great Depression. Identify what stock market speculation is and how stock market speculation contributed to the Great Crash.

Choose the best answer for each question. Which of these explains why bear markets are linked to recessions? A. Investors buy stocks knowing that a period of growth will soon follow. B. Investors are eager to buy stocks in new companies. C. Investors have little confidence in the economy. D. Investors believe that the economy is growing again.

Explain how technological change has affected unemployment. Give at least three examples of how this type of change has led to workers losing jobs.

You have the following information about an economy: 1) People hav elittle choice in the kinds of jobs they do. 2) Producers are not free to use resources as they wish. 3) People have little, if any, say in how the basic economic questions are answered. What kind of economy might this be? Explain your answer.

Find the local maxima, local minima, and saddle points of the function. Decide if the local maxima or minima are global maxima or minima. Explain.

$$f(x, y)=x^2+y^3-3 x y$$

What does the zero line represent on the graph? Based on the graph’s pattern, what was the state of the economy in 1941?

The value of the services sector of the U.S. economy in the first quarter of 2012 was $\$ 10,633.6$ billon. Rewrite this amount in scientific notation.

Over the past century, has the government’s tax revenue grown more or less slowly than the rest of the economy?

Which of the following would be an example of an attempt by the Federal Reserve System to stimulate the economy through monetary policy? a. a 5 percent reduction in federal income tax rates b. an increase in government spending for road construction c. an increase in the amount of money in the economy d. an increase in the tax on goods purchased from other countries

Relate each of the following to the recent increase in the trend rate of productivity growth:
a. Information technology.
b. Increasing returns.
c. Network effects.
d. Global competition

In each of the following sentences, underline the parts of the compound subject. Is soy, corn, or wheat more important in the U.S. economy?

Which is considered money in the U.S. economy? Which are not? Explain your answer by discussing functions of money.

a Mexican peso