ECON Quiz 2

Changes in macroeconomic indicators can often be of relevance to business and influence decision-making concerning a range of issues related to things like profit forecasts, expected sales growth, expansion plans, etc.   Assume you are employed as a business analyst with a large Singaporean based multinational corporation that manufactures electronic products. Identify and discuss how a major export market where electronic goods are sold experiences accelerating inflation.

Question: Problem Scenario Covid-19 global economic pandemic has negatively affected economies as a whole at the global, national and regional levels. The novel effects of the fluidity of Covid-19 appear to continue to have negative impacts on the macro business model as the global recession seems to be inevitable. You are working as a macroeconomist in economic affairs in the country of Belize, Central America, and you are tasked with analyzing the impact of Covid-19 on the economy and you are required to prepare notes on what specific government policies can be implemented as a stimulus package to jump-start the economy savings and investment market. The team meeting will be held in 3 days from the date of the assignment and because of limitation of time the Chief economist has given you the following guidelines: (a) You are required to identify four (4) key macroeconomic issues from the impact of Covid-19, (b) For each issue identify in (a) explain in detail what specific government…

The country of Freeland has an aggregate demand curve determined by the equation M + U = 6% Freeland also has a potential growth rate of 2%. Using this information, draw Freeland's aggregate demand (AD) and long-run aggregate supply (LRAS) curves on the graph. Inflation rate (%) 12 11 10 9 8 7 6 5 4 3 2 1 0 -2 -1 0 LRAS 1 2 3 3 4 5 6 Real GDP growth rate (%) prevailing inflation rate: What is the prevailing inflation rate in Freeland? AD What is the prevailing real GDP growth rate? prevailing real GDP growth rate: 7 8 9 10 % %

In a country with a population of 70 million people, there are 30 million children under the age of 15 years, 20 million employed, 10 million pensioners, 7 million unemployed and looking for work. a) The unemployment rate according to the strict definition is 35 % b) The unemployment rate according to the expanded definition is 25.9 % c) The unemployment rate according to the strict definition is 10 % d) The unemployment rate according to the expanded definition is 33.3 %

The United Kingdom (UK) left the European Union (EU) on 31 January 2020. A transition period is now in place until 31 December 2020. During this period the UK must comply with all EU rules and laws. Virtually nothing will change for businesses or for the public. There will be changes after the transition period, whether or not an agreement is reached on the new relationship between the UK and the EU.       Task assigned:   Analyse the impact of the BREXIT to the UK economy. You may include justifications from the relevant journal articles to make your argument constructive enough to support your discussions. Your work should be based on the following points:   UK Currency market UK economic Growth UK gross domestic product UK Foreign direct investment       Instruction: Your work should NOT emotionally or politically motivated.

Q.1.9 If the CPI was 106 in 2013 and 116 in 2014, the inflation rate in 2014 was: (a) 106%; (b) 116%; (c) 9.4%; (d) 16% Q.1.10 Strikes across a wide range of industries in South Africa in the first half of 2020 can be illustrated in the AD-AS model as a: (a) Leftward shift of the AD curve; (b) Rightward shift of the AD curve; (c) Leftward shift of the AS curve; (d) Rightward shift of the AS curve.

Suppose that the level of unemployment in the economy is determined by the follow equation: U = 5.24 - 1.87*(i - ie) Where U is the unemployment rate, i is the actual inflation rate, and it is the expected inflation rate. All variables are entered in percentage form (e.g. if inflation is 30.57%, you plug in 30.57 for i, not 0.3057). Last year, the inflation rate was 5.24%, and people have adaptive expectations. What does the inflation rate need to be this year in order for the unemployment rate to be 3.01%? Note: Everything is already in percentage form. You do not need to multiply or divide by 100 at any point. Enter in your answer as it is calculated in the equation. Round your final answer to two decimal places.

== Assume that Co = 40, G = 220, T = 120, I = 150, X = 44, Z = M = 54, b = mpc = .75 and t =.25, the actual unemployment rate = 5.7%, and the natural unemployment rate is 5.1%. A one dollar increase in G will cause Y to increase by dollars. $2.439 $2.392 $2.305 $2.286 $2.253

Am I Right. Hand written solutions are strictly prohibited.

3) Please answer these three sub-parts a) True or False? Frictional unemployment is caused by the dynamism of the economy—such as sectoral shifts in demand, changing technology, and workers voluntarily quitting jobs—and the fact that it takes unemployed workers time to find new and suitable jobs.  b) An increase in the minimum wage, in wages established by collective bargaining, and in the prevalence of firms paying “efficiency wages” will all (increase, reduce, leave unchanged) structural unemployment, and they will (increase, reduce, leave unchanged) an economy’s natural rate of unemployment. c) To be considered “money”, an asset must be a(n) ________________ of exchange.

P232,P1) Hey! Need help with the following multi-part macro problem, thank you in advance!

Question: Problem ScenarioCovid-19 global economic pandemic has negatively affected economies as a whole at the global, national, and regional levels. The novel effects of the fluidity of Covid-19 appear to continue to have negative impacts on the macro business model as the global recession seems to be inevitable. You are working as a macroeconomist in economic affairs in Barbados, and you are tasked with analyzing the impact of Covid-19 on the economy and you are required to prepare notes on what specific government policies can be implemented as a stimulus package to jump-start the economy savings and investment market. The team meeting will be held in 3 days from the date of the assignment and because of the limitation of time the Chief economist has given you the following guidelines:(a) You are required to identify four (4) key macroeconomic issues from the impact of Covid-19,(b) For each issue identified in (a) explain in detail what specificgovernment  policy/ies would you…

Question: Problem Scenario Covid-19 global economic pandemic has negatively affected economies as a whole at the global, national and regional levels. The novel effects of the fluidity of Covid-19 appears to continue to have negative impacts on the macro business model as the global recession seems to be inevitable. You are working as a macroeconomist in economic affairs inJamaica and you are tasked with analyzing the impact of Post-Covid-19 on the economy and you are required to prepare notes on what specific government policies can be implemented as a stimulus package to jump-start the economy savings and investment market. The team meeting will be held in 3 days from the date of the assignment and because of limitation of time the Chief economist has given you the Page 2 of 3 following guidelines: (a) You are required to identify four (4) key macroeconomic issues from the impact of Covid-19, (b) For each issue identify in (a) explain in detail what specific government Post-Covid-19…

If the population of a country is 600,000 people, it's labor force consists of 400,000, and 20,000 people are unemployed, what is the unemployment rate? A) 30%B) 66%C) 5%D) None of the above

**economic subject**

recessions have occurred roughly once every six years since the 1960s. the unemployment rate usually decreases during a recession and increases shortly after the recession ends. real GDP usually remains roughly constant during a recession and decreases shortly after the recession ends. changes in real GDP over the business cycle are largely attributable to changes in investment over the business cycle.   Question 2 Which of the following is most commonly used to monitor short-run changes in economic activity? Answer the inflation rate real GDP aggregate demand aggregate supply   Question 3 During recessions investment Answer falls by a larger percentage than GDP. falls by about the same percentage as GDP. falls by a smaller percentage than GDP. falls but the percentage change is sometimes much larger and sometimes much smaller   Question 4 The classical model is appropriate for analysis of the economy in the Answer long run, since evidence indicates that money is not neutral in the…

Month/Yr Sep/2020 Cyclical Rate of Unemployment (percent) 3.5 Suppose it is claimed that actual real GDP deviates from potential real GDP by 2% for every percentage point of cyclical unemployment. In other words, assume that actual real GDP falls below (or rises above) potential real GDP by 2% when the rate of unemployment rises above (or falls below) the natural rate of unemployment by 1%. Given the cyclical unemployment rate recorded above, this translates into actual real GDP deviating from potential real GDP by $ billion. (Enter your response rounded to one decimal place and use a minus sign if necessary. If actual GDP is below potential GDP, enter your answer as a negative value.)

< Consider an economy that initially has a labor force of 1,000 workers. Of these workers, 950.0 are employed and each works 40 hours per week. Ten units of output are produced by each hour of labor. The total number of hours worked per week is 38000 (Round your answer to the nearest whole number). The total output per week is 380000 (Round your answer to the nearest whole number). The unemployment rate is 5% (Round your answer to one decimal place). The economy enters a recession. Employment falls by 4%, and the number of hours per week worked by each employed worker fails by 2%. Employment is now 912 (round to the nearest whole number), and the total number of hours worked per week is now 35,750.4 (round your answer to one decimal place). In addition, 2.0% of the labor force becomes discouraged at the prospect of finding a job and leaves the labor force. The size of the labor force is now (Round your answer to the nearest whole number) The number of workers unemployed is ☐ (Round…

The weighted average TT/US dollar selling rate depreciated marginally by 0.05 percent to US$1 = TT$6.7838 in August 2021 from US$1 = TT$6.7802 in October 2020.” Create a supply and demand graph with the above information.

a)Suppose that on January 1, 2019 a bank lends $20,000 to a person. The bank and the individual both agree that the real interest rate charged on the loan should be 10% and the loan is going to be totally paid ($20,000 plus interest), in a one-time payment, on December 31, 2020. Suppose the two parties to this transaction can perfectly foresee what the inflation rate for this period is going to be.  b) Assume the same conditions exist as in the paragraph a but now the bank and the borrower cannot predict the inflation rate perfectly. Assume that both the bank and the borrower expect an inflation rate of 8% over this period of time. Given this information, what is the nominal rate charged on the loan now? Given the actual inflation rate (from your calculations and the provided data), who wins from this loan contract and who loses from this loan contract? Explain your answer fully. What if the expected inflation rate is 4% during this period? Does your answer change as to who wins and…

Expected inflation is π e = 0.03 (3 percent) and the nominal interest rate is it = 0.06 (6 percent). What is the expected real rate of interest? Actual inflation turns out to be 5 percent. What is the real rate of interest? Who benefits/loses in this example? Draw a graph as well to answer the question Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

The economy of Country X has an actual unemployment rate that is less than the natural unemployment rate. a) Draw a correctly labeled graph of the long-run aggregate supply, short-run aggregate supply, and aggregate demand curves, and show each of the following: Current Price Level labeled PL1 Current Real Output labelled Y1 Full employment output labeled Yf b) Suppose that investment spending on plant and equipment increases. On your graph in part (a), show the effect of the increase in investment spending on the equilibrium price level and real output in the short run.

Suppose that the natural level of unemployment in Ausland is 4% and that the current unemployment rate is 3.5%. Which statement would be most consistent with the information above? Select one: a. The aggregate demand curve at the current level of unemployment would lie below the aggregate demand curve when unemployment is at the natural rate. Consequently, workers have a strong bargaining position b. The aggregate demand curve at the current level of unemployment would lie above the aggregate demand curve when unemployment is at the natural rate. Consequently, there is downward pressure on inflation. c. The aggregate demand curve at the current level of unemployment would lie above the aggregate demand curve when unemployment is at the natural rate. Consequently, there would be downward pressure on the policy rate d. The aggregate demand curve at the current level of unemployment would lie above the aggregate demand curve when unemployment is at the natural rate.…