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Answer the following question ensuring that you apply economic principles or theory related to understanding the health of the economy and the need for government intervention to inform your analysis and support your decisions. Communicate your ideas with correct grammar, spelling and writing style and support your answer with diagrams and examples as necessary.
Question: Using an appropriate diagram, explain the concept of a stable economic equilibrium and provide your assessment of whether or not the US economy, the Australian economy and the Chinese economy are all currently at a stable equilibrium.
Sources used in your answer should be fully referenced in APA 6th style.
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This assignment is related to macroeconomics- it requires to assess the stability of economic equilibrium for three major economies : U.S, Australia, and China. With the help of macroeconomic theories, AD-AS model and long run equilibrium, the stability of economic equilibrium is evaluated.The macroeconomic data is collected from the official website of trading economics. The referencing is done in APA style.
Good evening, the lecture gave us tips on the assignment today and how he wants us to present them. below are the tips 1. Explain the nature of aggregate demand and shifting factors 2. Explain the nature of long-run and short-run aggregate supply and shifting factors 3. Explain stable economy 4. Explain auto adjustment from contraction 5. Explain auto adjustment from expansion 6. Use points 4&5 to justify the stable economy 7. Please collect the data on unemployment rate, inflation rate and fiscal and monetary policy outcome for the USA, Australia and China. He also gave this link to the data collection https://tradingeconomics.com
Length: Approximately 1000 words. . Sources used in your answer should be fully referenced in APA 6th style. Answer the following question ensuring that you apply economic principles or theory related to understanding the health of the economy and the need for government intervention to inform your analysis and support your decisions. Communicate your ideas with correct grammar, spelling and writing style and support your answer with diagrams and examples as necessary. Question: Using an appropriate diagram, explain the concept of a stable economic equilibrium and provide your assessment of whether or not the US economy, the Australian economy and the Chinese economy are all currently at a stable equilibrium. Thanks
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