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Select a news article on an economic topic from the Wall Street Journal, the New York Times or the Economist dated
within the previous two months and analyze the issue using the economic concepts and theory learned in this class. Possible concepts include:
taxes, consumer or producer surplus, and welfare
demand, supply, and equilibrium price of a particular product or products
total benefit and cost curves
production function and isocost curves
long-run and short-run costs
indifference curves, indifference curves and budget line
price elasticities of supply and demand, or income elasticity, on a particular product or products
perfect competition and imperfect competition, such as monopolies
TaxesAny government tax unrelated to the interest rate shifts the aggregate demandfunction upward since the when the taxes are low the prices of goods and serviceswill be also lower at the…
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