TRUE or FALSE, and explain, Macroeconomics

Assignment Help:

1.the AD curve represents at the same time the demand for goods, money and labor in the economy
2.in the AS-AD model, higher competition among producers leads to a medium run equilibrium with higher output, lower interest rate and lower price level.
3.in the AS-AD model, lower bargaining power for workers in the market of labor leads to a medium run equilibrium with higher income, lower interest rate and lower price level.

Related Discussions:- TRUE or FALSE, and explain

Factors of production, What are the 4 scarce, factors of production and wha...

What are the 4 scarce, factors of production and what is a description of each of them. What are the costs to these resources?

What is modifications to a polymer, What are three modifications to a polym...

What are three modifications to a polymer that can make it transparent? How will these modifications affect the mechanical properties of the polymer?

Components of trade policy, COMPONENTS OF TRADE POLICY: External secto...

COMPONENTS OF TRADE POLICY: External sector reforms beginning with 1991 included dismantling of trade restrictions along with tariff rationalization, a move towards current a

Calculating consumption, how to calculate consumption from saving and tax

how to calculate consumption from saving and tax

Calculate the equilibrium levels of national income, Let a macroeconomic mo...

Let a macroeconomic model be of the following form: C = a + bY D a = 10 T = T 0 b = 4/5 G = G 0

Economy is fully utilizing its resources, The _______________ illustrates t...

The _______________ illustrates the notion of opportunity cost. If an economy is fully utilizing its resources, it can produce more of one product only if it produces less of anoth

Walkers'' labor to produce 2 goods, This problem is based on the Ricardian ...

This problem is based on the Ricardian Model. Assume that 2 countries, Stormlands and Reach, use White Walkers' labor to produce 2 goods, lumber and wheat.

Components of balance of payments, Components of Balance of Payments T...

Components of Balance of Payments The BoP statement is usually divided into three major groups of accounts. These are: i.The Current Account: This account records the imp

Definition of exchange rate, Definition of Exchange rate The exchange r...

Definition of Exchange rate The exchange rate is stated as the price of one unit of currency in terms of other currency. If one euro costs 1.5 USD then 1 USD costs 1/1.5 = 0.66

Theand the protection of property rights, Why is private property, and thea...

Why is private property, and theand the protection of property rights , so critical to the success of the market system ? How do property rights encourage cooperation?

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages