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- Suppose the economy is operating at potential GDP when It experiences an increase in export demand. How might the economy increase production of exports to meet this demand, given that the economy is already at full employment?Explain the concept of excess demand in macroeconomics. Also, explain the role of open market operation in correcting it. (Kinly explain with diagram)Q1: Define any five macroeconomic terms: 1.Aggregate demand 2. Aggregate supply 3.fiscal policy 4.Inflation 5. Economic growth Use these five terms to describe why prices of everyday use items are rising so rapidly in Pakistan.?Recommendations: 1) definitions of the terms are correct. 2) However remedies per the macro terms as defined are vague. 3) first discussed the problems and then relate the terms in remedies. 4) remedies must be according to specificity.
- Subject :- Economy Consider a scenario of a closed economy in the short run where price level is fixed. Assume that both taxes and money supply increase in a way that keep output constant in equilibrium (suppose that the marginal propensity to consume is less than one). Which of the following may result from the policy change? a) It will lead to an increase in investment but a decrease in consumption. b) It will result in an increase in investment but a decrease in government spending. c) It will lead to an increase in investment and private saving. d) It will decrease investment but increase in public savingConsider the following extract and then answers the questions that follow: How SA's recession is impacting consumer spending Consumers are actively doing pre‐shopping research either through broadsheets or online, and comparing retailers’ offerings to seek out the best value before even leaving the house. Consumers simply no longer purchase certain items, pointing to their extreme need for frugality in current market conditions. Added to this, consumers have also changed the way they use these products in their homes to maximise usage and minimise wastage. This includes the alternative use of products, like using margarine in place of cooking oil and fragranced body lotion instead of perfume. Q1. Discuss the impact of the economy on consumer behaviour.Note: it is important that you consider using examples that is relevant and specific to the scenario provided when responding to this question. Q2. Finding cheaper prices online is one driver for online shopping. Describe any four other…Suppose the cotton (a storable commodity) futures prices are currently Expiry Month Price c/lb December 2021 83 December 2022 96 (a) Is the cotton market in contango or in backwardation? (b) What is the slope of the futures curve for cotton? Draw a future curve graph to support your answer. (c) Are there positive returns to storage between Dec 21 and Dec 22? Draw a graph of supply and demand for storage to support your answer (where t=Dec 21 and t+1=Dec 22).
- Assume that the macro-economy is initially in short -run equilibrium. What happens to the equilibrium price level and equilibrium level of real GDP if interest rates in the economy fall? Question 4 options: a) Both the equilibrium price level and the equilibrium level of real GDP decrease. b) The equilibrium price level increases and the equilibrium level of real GDP decreases. c) Both the equilibrium price level and the equilibrium level of real GDP increase. d) The equilbrium price level falls and the equilibrium level of real GDP increases.6. Macroeconomic equilibrium is defined as ___. A. The point at which the supply curve and demand curve in a specific market for good meet. B. The point where a nation’s aggregate demand equals its aggregate supply. C. The point where quantity demanded and quantity supplied are equal to one another in a market for goods. D. When a nation meets its GDP goals.8, Q1) Hey, need help with the following multi-part macroeconomics problem. Thank you in Advance! Optimizing economic agents use the real interest rate when thinking about the economic costs and returns of a loan. Recently, the rate paid by banks on savings accounts was 0.1 percent. However, at the same time, inflation was around 1.5 percent. What was the saver’s real rate of interest on his or her savings? Banks expect that the inflation rate in the long run will be 2 percent. They want a real return of 1 percent on their mortgage loans. What nominal rate should they charge home buyers looking for a mortgage? Explain using the Fisher equation.
- Discuss one macro economics effect of covid 19 and what are the proposed solutions to address this macroeconomic impact. what are the challenges to overcome this problem from a macroeconomic perspective?2. Explain why the IS curve slopes downward and why the economy heads to a goods market equilibrium.please explain each question. 1. We assumeconstantMPC in our model. Is this assumption true in the real world? 2. What determines the proportion of bonds/money that the household keeps? 3. What effect an increase of government spending will have on the output equilibrium in the goods market? Explain using autonomous spending.