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Using well-labelled graphs for the IS-LM, WS-PS and AS-AD models:
a) Assume that the Australian government decides to decrease unemployment benefits in order to reduce its budget deficit, explain how equilibrium output might change in both the short run and medium run.
b) Assume that the RBA decides to increase its price target, analyse how the economy would adjust to a medium-run equilibrium.
c) Would your answer to (b) change if the economy was in a liquidity trap? Explain.
d) Suppose the central bank tries to persuade everyone that it will maintain the interest rate very low (close to 0) for the next few years, thereby lowering people's expectations of future interest rates. Explain what the effect would be today on equilibrium output.
Through what instrument does the central bank carry out monetary policy? How do the bank's actions transmit through the economy
Explain how Liberalism has been the dominant theory guiding the creation of these organizations and rules. What challenges exist that could undermine this direction in the Global Political Economy?
Assume that the bank makes these loans. What will the new balance sheet look like? By how much has the money supply increased or decreased?
What are their options and what, if anything, should government do? Discuss the design of pensions and income support for the elderly that are in place in Canada and in other countries and analyze the reasons why government is involved.
The labor market is traditionally protected by union in many industries such as automobile and K-12 education (public schools) What are the pros and cons of unionizing a workforce What about minimum wage rate What are the pros and cons
The US basically uses dollar as its currency form. What is the currency used by the Japan?
Design a cache with cache size of one hundred twenty-eight K bytes, block (line) size of eight words, and word size of four bytes. Consider a computer with sixty-four-bit physical address. The cache is addressed byphysical address. i) Determine t..
In recent years, consumption spending by households has accounted for about 70% of the total spending (aggregate demand) in the U.S. economy.
Three factors make analysts more optimistic: Companies are cutting production, weekly egg-set numbers are declining (egg sets are fertile eggs placed in incubators), and prices are responding positively to the decreasing supply. The ..
Construct a graph of the height of Devin's throw as a function of time on the same set of axes as the graph of Leslie's throw (if not done already), and explain how this can confirm your claims to parts (a) and (b). You do not need to submit the g..
Open the Main Menu form in Design view. Add three buttons below the Forms label that will open the three forms in the database: Enter Customers, Enter Employees, and Enter Suppliers (in that order and to show all records).
In a 2-3 page essay, discuss what you see as the future of labor unions and the role they will/will not play in the U.S. economy. In your essay, be sure to consider the factors that you see as critical in determining the role unions will play in ..
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