User Account

All Pages

What phase of the business cycle do you believe

Assignment Help Microeconomics
Reference no: EM13306911

1. Use the above sources and some limited research to answer the following questions.

a) Based on the article and graphs above what phase of the business cycle do you believe Spain was in during 2013? Explain why with reference to theory and represent this phase of the business cycle using an aggregate demand and supply model.

b) Based on the article and graphs above what phase of the business cycle do you think Spain has entered in 2014? Why? Use your aggregate demand and supply model from part a) to demonstrate what happened to the economy in 2014.

c) Given Spain's most recent unemployment rate, if 17,353,000 people were currently employed how many people would be unemployed?

d) Formulate some brief macroeconomic predictions/forecasts for the Spanish economy for 2015 based on theory, the above article and some of your own limited research.

2. The International Monetary Fund's World Economic Outlook database provides the data in the table for India in 2004, 2005, and 2006.

a) What changes in long-run and short-run aggregate supply and aggregate demand are consistent with these numbers? Demonstrate your answer with a diagram.

b) List two factors that might have produced the changes in aggregate supply and aggregate demand that you have described in your answer to (a).

c) If in 2006 India had an inflationary gap what fiscal policy might be undertaken by the Indian government to address this? Why?

Attachment:- Assignment.pdf

Reference no: EM13306911

Questions Cloud

Estimate contact time to achieve an effluent concentration : Estimate the contact time to achieve an effluent concentration of 200 fecal coliforms/100 mL using a Cl2 dose of 3 mg/L if the wastewater temperature is 28 oC. Assume the activation energy (Ea) at pH = 7.4 is 6,500 cal/mole.
Determine the maximum linear speed of any part of the bit : According to the shop manual, when drilling a 13.0-mm-diameter hole in wood, For a 13.0-mm-diameter drill bit turning at a constant 1400rev/min , find the maximum linear speed of any part of the bit
Create a list containing union of elements of two lists : Create a list containing the union of the elements of the two lists? Insert an element after the nth element of the list?
How far does the faster hiker walk : Two hikers begin on opposite sides of a circular lake and walk around the lake in the same direction. How far does the faster hiker walk before catching up to the slower one
What phase of the business cycle do you believe : What phase of the business cycle do you believe Spain was in during 2013? Explain why with reference to theory and represent this phase of the business cycle using an aggregate demand and supply model.
Is the image which is formed real or virtual : An object is placed 30 cm from a converging lens forms an image 40 cm from the lens. is the image which is formed real or virtual
Write a few lines of code to create a timer in java : Write a few lines of code to create a timer in Java which fires an ActionEvent every 150 msec. Assume the existence of a TimerEventHandler class which needs to respond to timer events.
What interface does an application need to use : What interface does an application need to use if it wants to get updates on the current position of the mouse cursor as the mouse is being moved?
Calculate the center to center distance between the wires : Calculate the center to center distance between the wires when the force of gravity and magnetic force are balanced Fg=Fm

Reviews

Write a Review

Microeconomics Questions & Answers

  Explain the three types of goods

Explain the three types of goods:  search goods, experience goods and credence goods.  What type of advertising would firms likely use for each type of good and why?

  Economic structure and possible future actions of opec

You have been contracted by an economic consulting company to estimate the economic structure and possible future actions of OPEC, Organization of Petroleum Exporting nations.

  Do the ability to move first give the employer an advantage

The following represents the potential outcomes of your first salary negotiation after graduation:Assuming this is a sequential move game with the employer moving first, indicate most likely outcome. Does the ability to move first give the employe..

  Analyze effect of increased demand on equilibrium position

The perfectly competitive company takes the equilibrium value set through the market and maximizes profit through manufacturing where price, which also equals marginal revenue, is equal to marginal cost.

  How many units of output would the firm produce explain

Production Level Capital VC$12 Labor VC$6 TVC MC AVC You are assigned the task of computing the variable capital and labor costs for Cost Cutters production level. Below is a table with the capital and labor requirements for ten different levels of p..

  Show that monopolists marginal revenue can be upward-sloping

Give a numerical example to show that monopolist's marginal revenue can be upward-sloping over part of its range. Hint: The price on the demand curve is the producer's average revenue.

  Explain the market equilibrium quantity and price

There are 10 identical firms, each firm's marginal cost is MC(q)= 5 + 5q. The market is competitive. derive the market demand function.

  Economic cooperation between the u.s. and canada

Explain the authors opinion of economic cooperation between the u.s. and canada and information from the article that support explanation.

  How to formulate an effective mission statement

A business plan is a written summary of an entrepreneur's proposed venture, its operational and financial details, its marketing opportunities and strategy, and its managers' skills and abilities.The most effective way to communicate the values of ..

  Pigouvian tax-externalities

The private marginal benefit for commodity X is given by 10 - X where X is the number of units consumed. The private marginal cost of producing X is constant at $5. For each unit of X produced, an external cost of $2 is imposed on members of socie..

  Demand curve and price equilibrium

Describe how each of the following will affect the price and quantity of equilibrium. To find out the new values, describe how the supply and/or demand curves will shift in the following cases (if at all).

  Under what economy-wide economic conditions

The US treasury isn't the only issuer of bonds. Corporations also issue bonds that have future payment structures like U.S. Treasuries. Of course, unlike the federal government, corporations can go bankrupt, leaving their bondholders unable to col..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd