According to the simple quantity of money theory, an increase in money supply, assuming constant velocity, would be the main explanation for 

Associate the era with a slope inclination for the money supply curve.

Match the economic thinker with the associated theory.

Would you buy the robot?

Think of a product that represents a radical innovation, even if it may be old. Try to list the social advantages and disadvantages related to this innovation. In your view, does this innovation represent social progress?

Ex: hay, wheel, and fork. Please find your own example

You are the manager of a plant that hires 100 workers. They work 40 hours per week, and are paid 48 weeks a year. The annual sales of the plant are 10 million dollars.

What is the productivity of labour per worker per hour?

Enter a value using a period for the decimal, and 2 decimals for cents. Do not include the dollar sign or any other unit of measurement.

Match the steps with the description.

You bought one robot, as a test, and will wait to see its performance before buying more. 

The company now has 96 workers. They still work a normal work week of 40 hours, 48 weeks per year. Your annual sales haven’t budged though; they are still at 10 million dollars per year.

What is the new productivity of labour?

Answer per worker, per hour.

Match the term with the definition.

Associate the change in the macroeconomic environment to the right way to model the effect in the AD-AS framework. The following will affect the demand side first.