Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
The figure below defines an economy's aggregate demand curve and its short-runand long-run aggregate supply curves (labelled AD, SRAS, and LRAS, respectively). practically,the economy is in macroeconomic equilibrium.
Figure: A hypothetical AD-AS model
The government announces that households will pay more higher taxes.
a. Show graphically the effect on the short-run macroeconomic equilibrium. Write shortly all the essential steps.
b. What type of output gap do we have in this condition?
c. Show graphically the long-run self-correcting mechanism in the economy. Write shortly all the necessary steps.
d. Suppose that the government uses the fiscal policy to close the output gap. What type of fiscal policy the government should use to close the output gap. Show graphically the effects of the prescribed fiscal policy. Write briefly all the essential steps.
In the keynesian cross model, assume the consuption function is given by C=200=.75(Y-T) and planned investment=100, government purchases and taxes are each of them 100. a) Draw a g
How unemployement increases by firm relocating production If unemployment increases in a specific city because of a firm relocating production, it's structural unemployment tha
#questionKeynes liquidity Preference theory stipulates that money demand is negatively related to current income and positively related to interest rate..
Macroeconomic performance The UK's future macroeconomic performance must be judged on how average living standards improve, inflation is kept under control, economy grows and
explanations to the short-run fluctuation and pilicy prescriptions of the schools macroeconomics thought
When single business or corporation dominates its area and squeezes out all its competition, the result is the consumer does not have a open choice, and inevitably, the price of it
Rational Expectations School Expectations on the future values of economic variables play an important role in macroeconomic analysis and economic analysis in general. Because
Which of the following will cause property crime to increase? a) An increase in jail terms. b) A decrease in personal incomes. c) An increase in the probability of arrest.
Q. Define the Labor Market? A significant macroeconomic variable is the total amount of labor which is used in a certain time period. Amount of labor and amount of capital are
Explain, using the best framework you can think of (based on our class discussion), the effect of a large federal deficit on interest rates.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd