1. What major assumption did Dr. Powanga make to predict the State and Federal economic performance?
2.Which models did Dr. Powanga use in the prediction?
3. What part of the responses were normative and what parts were positive?
4. Which answers were from microeconomics and which parts were from macroeconomics?
5. How would the vaccine affect the production possibilities frontier?
6. Why would Dr. Powanga’s economic forecast differ from other economists?
7. Will the state government follow this forecast?
8. Dr. Powanga made the forecast on the 2nd of January, how the forecast look like now?
9. What changes would you make to right the forecast?
What major assumption did Dr. Powanga make to predict the State and Federal economic performance?
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