Fully answer the following questions. Contact me with any questions.
1. Answer Problems and Applications #1 on pages 206 and 207. Make sure you also explain your answers. (10 points).
2. Answer Problems and Applications #5 on page 207. Make sure you show your work/math for how you got the answers you did. Make sure you explain some of your answers as noted in the question. You will lose points if you don’t. (20 points).
The book you will need for this Assignment is called,
Principles of Macroeconomics – 10th Edition, by N. Gregory Mankiw (2024). Published by Cengage Learning.