Reference no: EM131299317
Illustrate the effect of the 2011 Tsunami on the Japanese economy using the AD/AS model. Refer to the slide "Five Steps to Finding Macroeconomic Equilibrium," and the three examples from class as a reference. Be sure to clearly explain to your reader EXACTLY what is happening in your graph and why, as well as what the end results mean. Assume they have a basic understanding of economic theory but are not necessarily well versed in interpreting graphs. In order to receive full credit your graph must be clearly labelled (and correctly drawn), your written explanation should make reference to all of the changes shown and provide an insightful analysis of what is happening and why (using economic theory and terms/concepts from class). Your explanation does not need to be in essay format, but you will need to proofread. Spelling, grammar and punctuation count!
1.Draw a graph of the Japanese Economy before and after the Tsunami. *Hint: Keep in mind that the Tsunami was a massive disaster that caused widespread damage (some of which has still not been repaired). Clearly label all of the components of your graph, including the original and new equilibrium points. Your graph should show both SRAS and LRAS curves separately (as we did in class, rather than drawn as one curve the way your textbook shows.
2.Using the economic terms and concepts from class, explain what the impact of the Tsunami was on the Japanese economy, initially and in the long-run. Your graph should be used as a reference to support your explanations and conclusions. Be sure to define any terminology used that a casual reader would not understand and appropriately include the ceteris paribus assumption. Your answers may be brief, but should be complete and insightful.
3.How might the result shown above (the impact of the Tsunami on the Japanese economy) affect the U.S. economy (using AD/AS analysis)? Be sure to justify, and fully explain your answer. A graph is optional but not required. * What are the components of AD? Would this result in a recessionary or inflationary gap?
|
Equation for the marginal revenue
: a. Write down the equation for the marginal revenue b. How many copies of the book would maximize the company's profits? c. What would the profit-maximizing price be? d. How much profit would the company make?
|
|
Performance of workers in all the company’s jobs
: Does the reason for the policy change involve the reliability, the bias, or the validity of IQ tests as a measure of future job performance? Explain your answer.
|
|
Participate in this discussion by explaining
: Participate in this discussion by explaining in what ways the firm that owns and operates the Rialto, Colony, and Studio movie theaters appears to be involved in monopolistic competition.
|
|
Identify possible sources of suspicious numbers
: Are any of the numbers suspect? Why? You might look at the questions in the EESEE story to help you identify possible sources of suspicious numbers.
|
|
Japanese economy using the ad-as model
: Illustrate the effect of the 2011 Tsunami on the Japanese economy using the AD/AS model. Refer to the slide "Five Steps to Finding Macroeconomic Equilibrium," and the three examples from class as a reference.
|
|
Summarize the different tasks associated
: Change leaders and change agents have specific roles in the planning and implementation of change processes. Summarize the different tasks associated with each and provide references to substantiate your major points.
|
|
Create a class template for a class that holds an object
: Create a class template for a class that holds an object and the number of data elements in the object. For example, if an Employee class has two data elements, an ID number and a salary.
|
|
Write a gui based program that analyzes a round of golf
: Write a GUI based program that analyzes a round of golf. You will retrieve data for 18 holes from a text file. On each line in file will be the par for that hole (3, 4, or 5) and your core for that hole should be displayed in a label.
|
|
What is fisher equation
: What is fisher equation? What does it mean? Provide 3 examples about how Fisher equation applied?
|