chocolatebeaver430

Determine The Equilibrium level of national income and consumption using matrix (linear) algebra. Where AD=C+I and C= 2,500=.65Y (Y is national income) Y and C and Endogenous variables and investment is exogenous- I =1,000 and equiliburum requires aggregate demand equal national income( AD=Y)

Unspoken Rules

• Why do we say, “Bless You!” when someone sneezes? Do all people say it?

• Why do we instinctively walk on the right side of a sidewalk? Do all people walk on the right side?

• Why do people instinctively line up when they are trying to get in somewhere or talk to someone? What would happen if they didn’t form a line? Who decided we should stand in a line?

• Why do we shake hands when we meet someone? Do all people shake hands? Who started this?

We do things every day without even thinking about them. They are the unspoken rules of our society. In this lab, you will choose a common social rule. You can use one of the examples above or choose one of your own. Use online sources, as well as what you learned in the unit, to help you answer the questions.

1 . What is the unspoken rule that you decided to research?

2. Where did this unspoken rule come from?

3. Is this rule universal or particular to your country or region?

4. What would happen if everyone suddenly stopped following this unspoken rule?

5. Cite the sources you used for your research.