What has happened to the short-run equilibrium of economy

Reference no: EM132884151

Imagine that the economy of the U.S. is in long-run equilibrium.

Question a. On a new graph, show the effect on the economy from part a if a trade war with the U.S. begin where the U.S. puts tariffs on China first, and then China retaliates after with their own tariffs. Explain in a sentence or two what has happened to the short-run equilibrium of this economy.

Question b. What are five benefits of free trade policies?

Reference no: EM132884151

Questions Cloud

What print method might you consider for first smaller runs : What print methods might you consider for the first smaller runs? Would change to a different method if the product does well and goes into larger production

Most protective measure for roofers : What do you believe is the most protective measure for roofers? Discuss some of the problems associated with roofing projects.

Craig model of industrial relations : 1. Using Craig's Model of Industrial Relations, identify the actors in the case above and the external inputs affective each of these actors.

What total amount should morgan report as its liability : What total amount should Morgan report as its liability for compensated absences on its December 31, 2019, balance sheet

What has happened to the short-run equilibrium of economy : China retaliates after with their own tariffs. Explain in a sentence or two what has happened to the short-run equilibrium of this economy.

Responsibility for organization health and safety programs : Apart from the human resource management department, which other unit typically has responsibility for an organization's health and safety programs?

Identify the training methods : Based on the Sifoz clothing stores, identify the training methods that you will use for Work-life balance training.

Show the effect on the economy : Show the effect on the economy if the government lowers taxes enough to fully close the contractionary gap.

How benefited from specializing in part of the project : Describe an example from your own experiences of where you could have completed an entire project (either personally or professionally) by yourself

User Account

All Pages