Which of the ten principles of Economics implies that the Bank Can a country's central government have a profound effect on the economy? Please give instructions
evidence of some countries with historical hyperinflation for analysis.

Gregory Mankiw in his Principles of Economics outlines Ten Principles of Economics that we will replicate here, they are:

People face trade-offs

The cost of something is what you give up to get it

Rational people think at the margin

People respond to incentives

Trade can make everyone better off

Markets are usually a good way to organize economic activity

Governments can sometimes improve market outcomes

A country's standard of living depends on its ability to produce goods and services

Prices rise when the government prints too much money

Society faces a short-run tradeoff between Inflation and unemployment

part a

in a city ice cream is mostly only bought when the temperature is very high as ice cream cools down our

so we can derive the conclusion that as the temperature increases the number of ice creams sold also increases

part b

y intercept is 5

slope is 2

happy to

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