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Questions:
Q1) Research and briefly describe the trend of the home housing market in Australia over the past 30 years in no more than 100 words (Hint: Describe the pattern in this trend).
Q2) You are to answer the below sub-questions on how each event would affect the home housing market in Australia using key economic concepts, principles and theories taught in Week 1 and 2. Treating each sub-question as a separate event and draw separate diagram for each separate event, explain and illustrate how each event ceteris paribus will affect the supply curve, demand curve, equilibrium hiouse prices and quantity in the home housing market in Australia:
i) Cost of renting becomes expensive and more people found buying a house to be a cost-effective option.
ii) With consecutive increases in mortgage interest rates, more and more borrowers are selling selling their houses as they find it difficult to meet their mortgage repayments.
iii) People expect housing prices to fall. iv) Several big housing builders made huge losses due to costly materials, shortage of labour and shipment delays and have gone into liquidation
Suppose that the position of a nation's aggregate demand curve has not been changed, but long-run equilibrium price level has declined.
Using the Aggregate Demand and Aggregate Supply model, will someone graphically show how you think short run equilibrium of the economy
1. What is quantitative easing? 2. Hasn't the Fed already tried quantitative easing? When? What were the results? Discuss the method of quantitative easing used by the Federal Reserve during the most recent U.S. recession, including any criticisms..
In this writing assignment, you will explore how organizations use business process management (BPM). Write a one-page (250-word) paper explaining how organizations use business process management (BPM). Be sure to use at least one specific exampl..
managerial economics to analyze the reasons for and against the merger, also to assess the performance of the consolidated company since its completion.
The demand curve is given by the equation QD = 100 - 4p and the supply curve by QS = 6p. Find the equilibrium price and quantity.
Diffentiate among short-run and long-run and consider the role of expectations.
Three students want to order pizza for dinner and they have decided to play the following contribution game in order to collect the money. Each student takes turns in order to place money inside a jar. If at least two students contribute the pizza..
According to the intensive distribution strategy, a consumer should not have to go beyond the nearest store to buy the product. Create a 300- to 400-word response answering the following:
Microfinance has spread very quickly in low-income countries. However, poor households in relatively high-income countries also lack access.
The problem is related to economics, particularly to macroeconomics and it is An essay on Market imperfection associated with negative externalities.
A person managing a laundry for someone else for $30,000 per year decides for open his own laundry. Revenue during the first year of operation is $100,000 and the expenses are $3,000 for salaries, $10,000 for supplies, $8000 for rent, $2000 for ut..
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