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Question
Assume that the Government announces plans to lower the cost of energy through its involvement and investment in gas, carbon capture and hydrogen. The announcement is a signal that businesses will benefit from lower energy costs. It also provides businesses with greater certainty about the future with regards to energy policy. Refer to the AD-AS model. Use the model to explain how lower energy costs and greater confidence about the future will affect Australian businesses and the country's GDP/economy. Your answer should consider the following - whether such action comes under monetary policy, demand-side fiscal policy or supply-side fiscal policy and why. - the direction that AD and/or AS curves will shift. - if this has an expansionary or contractionary effect on the economy and why. - what the new GDP, CPI may be based on the data in the given model.
What was the main difference between them? When and why did Kenes' ideas become popular and when and why did Hayeck's ideas become popular?
What might happen to an economic marketplace if typical regulations did not exist, such as antitrust, health and safety, or unfair practices?
A country's gross domestic product (GDP) and how it is defined and calculated. How the consumer price index (CPI) is constructed and why it is an imperfect measurement of the cost of living.
If the numbers of home and commercial users are equal, and you cannot distinguish between commercial and home users, what is the most profitable pricing strategy.
Do your research on the market for palladium. Is it appropriate to use the Supply and Demand model to predict price movements in the market for palladium?
Why might social robots have appeal in some societies and how could they be useful? (Minimum of 650, no copy paste answer)
If there are 13 million unemployed and a working age population of 160 million, what would the number of employed be to arrive at a labor force participation rate of 64%?
Determine whether each of the following would cause a shift of the aggregate demand curve, a shift of the aggregate supply curve, neither, or both
What is "Fracking"? What are the "costs" (including social costs and externalities) of Fracking, and what are the benefits? Do you think that government regulations are needed to ensure that Fracking only happens if the benefits exceed the costs? ..
Let commodity 1st be bottled water, measured in gallons. Commodity 2nd denotes plain tap water, also measured in gallons.
Analyze implications of these policies and disparities. Analyze how you might implement the policies from the country you selected in the United States and your own state.
Using the Supply and Demand model, explain how higher food prices and changes in consumer spending will impact the predicted market price of fast food.
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