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During the COVID-19 pandemic, Country X put in place fiscal support to cushion its citizens from adverse economic impacts arising from government-imposed restrictions and voluntary personal decisions. Research has found out that the fiscal stimulus boosted the consumption of goods with little impact on production.
Country X is also facing the economic impacts of both Ukraine-Russia conflict and high oil prices for its oil imports (a major input in production). Use the relevant economic theories and concepts in ECON 248 to answer the questions below.
Use the AD-AS diagram (model) to show and explain the net effects of fiscal stimulus and increase in oil price on equilibrium price level and income in Country X.
Elucidate explain why after such unprecedented economic growth, technical advance economies still experience economic cycles and stagnation.
Based on this sample, the 95% confidence interval of the population proportion of working parents who feel they spend too little time with their children because of work commitments is? What are the calulations to solving this problem?
What has happened to the price of crude oil in 2015? What has happened to the demand for crude oil in 2015? Is there an economic theory that supports this relationship? Support your answer with a diagram.
Which would NOT be advocated by modern conservatism Free markets , Small governments ,Laissez-faire economics , Welfare programs , Reliance on tradition.
How does inelastic demand for student parking hinder the efforts of the college's Public Safety department from illegal parking in faculty parking spaces?
Again when the income rises by 5 percent, the units consumed of the commodity increase from 100 to 110. What is the income elasticity of demand for the good?
A firm, which is the only supplier of a good located in a particular town, is accused of engaging in anticompetitive tactics in order to protect its monopoly position in that town. As part of its defense, the firm has argued that the geographic an..
What is the yield-to-maturity of a corporate bond with a 3-year maturity, 5 percent coupon (semiannual payments), and $1,000 face value if the bond sold for $978.30?
Illustrate what are the three major categories of revenues for the federal government. Please comment on each and indicate their relative importance to each other.
Illustrate what is your opinion, observation, or recommendation on this company. what are their shortfalls, how do they relate to other in the industry.
What would the expenditure multiplier in an open economy without government spending or taxes where the MPC is 0.8 and the MPm is 0
1. Read the Macroeconomics section of the article "noise" by Fischer Black and comment on the current state of the economy in that context. Just one page please.
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