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COVID-19 has disrupted the global supply chain causing major delays in the supply of raw materials and finished goods for many Australian businesses and households. Explain the short-run and long-run effects of such supply disruptions on real GDP and inflation. Support your explanation with relevant graph(s) (properly labelled hand-drawn graphs are recommended).
Based on the above explanation and graph(s), what are the impacts of the supply disruption on Australia's inflation and real GDP in (i) the short-run, and (ii) in the long-run
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Considering your country and generally considering the knowledge of economics, what are the four main economic goals in our countries irrespective of whatever political party is in power?
ECF1200 Macroeconomics Assignment - Briefly discuss the effect of a fall in the cash rate on consumption, investment and net exports
What was the elasticity of demand at last year's price of $6? At what price would the total expenditure on jelly beans have been largest?
- suppose someone tells you that over time free trade is helping capitalists and harming workers. what fact would you
find an article from the media internet newspapers magazines etc. on a current event that addresses an economic concept
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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..
M/P=kY – bi where k is the income elasticity and h is the (nominal) interest rate elasticity of real money balances. Assume that k > 0 and that h > 0. Further assume that the quantity of nominal money balances is fixed by the Bank of Canada at M and..
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Show how it would work in the context of the IS-MP diagram. How would this monetary policy rule depend upon the sensitivity of investment to the real interest rate?
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