I have 3 projects need to bedone toight, each project need to find 1 article online for the source then do these steps. 1. ARTICLE TITLE: article link source Analysis article 2. ECONOMIC CONCEPT:...

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I have 3 projects need to bedone toight,

each project need to find 1 article online for the source then do these steps.

1. ARTICLE TITLE: article link source

Analysis article

2. ECONOMIC CONCEPT: (Fiscal Policy - Government spedning or Taxes )anaylsis concept

3. Description of graph

and draw the graph

Answered Same DayDec 20, 2021

Solution

Robert answered on Dec 20 2021
3 Votes
Running Head: ECONOMIC CONCEPTS
Economic Concepts 1
Running Head: ECONOMIC CONCEPTS
Economic Concepts
Name
Institution
Journal entry# 1
Article title: “Government's Unique Situation”
http:
www.infoplease.com/cig/economics/government-unique-situation.html
Economic Concept: Law of Demand
This article serves as a good exemplar of the economic concept of the law of demand. According to this law, as prices increase, the demand for that product decreases and vice versa. Put simply, consumers will tend to buy less of a product whose price has risen. The negative co
elation between price and quantity demanded yields a curve that slopes from left to right.
Article Analysis
According to this article, the government’s unique situation is determined by the inte
elation of the consumption (C), Investment (I) and government spending (G). The summation of these elements i.e. C+I+G determines total demand. An increase in any of the elements will occasion an increase in aggregate demand.
The figure above depicts how the three elements add up to establish the equili
ium point of the GDP. The line c on the graph signifies consumption, line C+I represents the summation of consumption by individuals and investment by businesses. The line C+I+G represent aggregate demand. The equili
ium point E is set at the point of interaction between the...
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