1.

Quantity Demanded
60 50 40 30 Quantity Demanded 20 10 0 1 2 3 4 5

Quantity Supplied
50 45 40 35 30 25 20 15 10 5 0 1 2 3 4 5

Quantity Supplied

2. Quantity demanded a. b. c. d.
  -1

Quantity supplied a. b. c. d. - If the Price increases, the Demand decreases, if Price increases, the Supplied. The relationship between price and quantity demanded is inverse or indirect. As it stated in the law of demand that consumers buy more of a product, service or resources as its price falls. For price and demanded it shows a positive or direct relationship. As price rises, the quantity supplied rises, as price falls, the quantity supplied falls.

3.
60 50 40 30 20 10 0 1 2 3 4 5 Quantity Demanded Quantity Supplied

Graphically, the intersection of the quantity supplied and quantity demanded indicated the economic term market equilibrium. Any price below the equilibrium price creates a shortage, quantity demanded the exceeds quantity supplied.

4. a. If there is no Inflation rate present then there would be no Unemployment rate exist. b. unemployment

0 c. The slope would be 0.

inflation

d. There is no measure in this case because the slope is zero. e. NO. as what the Philips Curve Theory explains that if the Inflation rate increases the unemployment rate decreases and it is inverse relationship.

5.
Prior to Aquino's deliver of the speech, Lacierda, noted that the SONA will address a number of issues and anomalies concerning the Arroyo administration. The 15-page speech will last approximately 30 minutes. The main points of Aquino's speech were the following: He began by presenting the country's current budget deficit: He delineated the unproportional distribution of calamity funds in Pampanga and Pangasinan and gave specifics on misappropriation of funds in several government agencies of the past administration. Aquino emphasized that his administration will focus on proper allocation of the budget and planning that will benefit the country. Other highlights of his speech include the monitoring of tax evasion; seeking justice for extrajudicial killings; the formation of a truth commission to be headed by former chief justice HilarioDavide, Jr.; the establishment of a public-private partnership that would enhance the economic activity of the country; and the creation of more jobs. Furthermore, Aquino proposed to implement improvements in education by increasing the basic education cycle from ten to twelve years; in health by pushing to increase the coverage of PhilHealth benefits, especially among the poor; in the country's legislation by amending outdated laws and creating new ones to address the country's current needs; and in the country's peace through resuming negotiations with the Moro Islamic Liberation Front and the CPP-NPA. Aquino wrapped up his speech by explaining that the betterment of society will be possible only through the cooperation and individual sacrifice on the part of the Filipino citizens.

6. It is a fallacy. It because when we say GDP it simply refers to the market value of all final goods and services within a country in a certain period of time. As it is said that NY refers to a country and we cannot say that NY is a country because NY is under the US nation. This is to say that US as a whole, produces its own GDP growth rate. In addition to this NY GDP is not the same to US. So, whatever the GDP growth rate would be the US it doesnt always to be the same with that of NY GDP growth rate.

Econ 20.1- BE, A1, Dagcuta, Llamis, Macabale