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Question 1.
What do you understand by the terms 'inflation' and 'unemployment? Identify their main elements and causes. What is the relationship between inflation and unemployment? Use diagrams to answer the question.
Question 2.
Collect and graph for Australia and two other countries values of inflation rate and unemployment rate over the last five years period.
Question 3.
What do these statistics that you have reported in question 2 above, suggest about Australia's and other two countries performance in controlling inflation and unemployment. Why have these countries had this inflation and unemployment experience?
Select an article on economic competition from a professional economic, or management journal published in the past 7-years such as The Economist,
In the Keynesian, Classical, as well as Solow model, Elucidate the impact of an increase in production technology
Illustrate Wwat could it or should it have done differently. Please provide references to support your position.
A decision by the U.S. to utilize fiscal policy to run a fiscal deficit, chiefly through unprecedented heavy spending, to stimulate the US economy
Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.
What is the effect on investment? What is the multiplier effect?
Explain what was happening to the economy in terms of the AS/AD model, including what would need to happen to bring us out of the "recessionary gap". In other words, using the AS/AD model as a starting point, explain the economic situation of 2008.
Examine present global economic and political policies and their impact on business decisions.
Elucidate why intermediate goods and services usually are not included directly in GDP. Are there any circumstances under which they would be included directly.
Assume that the economy is currently in a recession. If policy makers take no action, how will economy evolve over time? Describe in words and using an aggregate demand diagram.
Illustrate what price per ride must the public transportation authority charge to eliminate the deficit if it cannot reduce costs.
Suppose he chooses to drive 10 hours a day explain how many hours of leisure and how much consumption does this imply.
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