Question 1using the aggregate demand

Question 1using the aggregate demand - aggregate supply

Assignment Help Macroeconomics

Reference no: EM13374914

Question 1:

Using the aggregate demand - aggregate supply (AD-AS) diagram, show how the four economic events would affect economic activity, the price and employment levels. (Note: use a separate AD-AS diagram for each event)

(a) A decrease in personal income tax;

(b) An increase in workforce skills through special training programs;

(d) An increase in an economy's capital stock.

Question 2:

(a) Describe three problems of using fiscal policy to achieve a precise level of GDP.

(b) Why is frictional unemployment inevitable in an economy characterised by imperfect job information and non-zero job-search time?

(c) Is structural unemployment something macroeconomic policymakers should be concerned about? How does it differ from cyclical unemployment?

Question 3:

(a) Illustrate and explain with diagrams the difference between demand-pull and cost-push inflation;

(b) Provide (describe) two (2) causes of each type of inflation

Reference no: EM13374914

Questions Cloud

4-in square steel bar subjected to transverse biaxial : 4-in square steel bar subjected to transverse biaxial tensile stressesconsider a 4-in square steel bar subjected to

Determining initial acceleration of a projectilehow can i : determining initial acceleration of a projectilehow can i proceed to solve the problem below?the problema projectile

Two bars one having a circular section of radius b the : two bars one having a circular section of radius b the other an elliptic section with semiaxes ab.for equal angles of

Questiona if the bank negara malaysia sold rm800 million of : questiona if the bank negara malaysia sold rm800 million of government securities to private sector money markets

Question 1using the aggregate demand - aggregate supply : question 1using the aggregate demand - aggregate supply ad-as diagram show how the four economic events would affect

Suppose the following are national accounting data for a : suppose the following are national accounting data for a given year for malaysia hypothetical

1consider a monopolist that can practice first-degree price : 1.consider a monopolist that can practice first-degree price discrimination. assume that marginal costs are constant

Assume that the central bank follows the following : assume that the central bank follows the following simplified version of the taylor rulea what implicit weight is

1 the owner of a tropical forest harvests timber so as to : 1. the owner of a tropical forest harvests timber so as to maximize his own profit from the land. this forested land

User Account

All Pages