Fully answer the following questions from your book. You will also need to draw some models. When submitting your assignment, you can scan your paper and submit it, or you can take pictures with your phones and submit them. Make sure they are in the correct format, like .jpg or .jpeg so I can open them. Don’t submit in HEIC format. Make sure the pictures are big enough and in focus so I can read them. Some of your answers include a model and some written explanation, so watch for those. Contact me with any questions.
Answer Problems and Applications number 1 on page 33. This is a circular flow diagram question. Make sure you do parts a-d. 10 points
Answer Problems and Applications number 4 on page 34. You must draw a Production Possibilities Frontier based on the information given. Make sure you show the labels and answer all the questions as directed. Make sure you do parts a-d. 10 points. The book you need for this assignment is called: Principles of Macroeconomics – 10th Edition, by N. Gregory Mankiw (2024). Published by Cengage Learning