__________ refers to any situation in which disequilibrium is caused by one aspect of a society failing to change atthe same rate as an interrelated aspec
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__________ refers to any situation in which disequilibrium is caused by one aspect of a society failing to change at
the same rate as an interrelated aspec
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- Why/how has Covid-19 led to global economic recession?Do you remember the Harrod-Domar model? Derive it and apply it to a numerical case where d=4%, s=35%, and gY=8% last year. If s is expected to rise to 45% next year, what will happen to gY?On average, households spend 22.37 cents out of each dollar ofincome shocks. When people receive an additional dollar (an “income shock”), how many additional cents of that dollar do people spend on average.
- can you expand on the question and provide a demand and supply diagram relating to the topic "disequilibrium"What usually causes a positive disequilibrium rate? What usually causes a negative disequilibrium rate?Based on Okun's Law, how much 2020 Q2 GDP is likely to decline in response to the Covid-19 crisis?
- Tell the steps to correct the disequilibrium in the bop.COVID-19 has undoubtedly been a defining time in our generation's history, with effects on global economies comparable insome instances to what was experienced during the Great Depression of the 1930s. The pandemic has also recalled theeconomic shockwaves of the Global Financial Crisis of 2008/09. One can argue that this episode is like none seen beforebecause it hasn’t emanated from economic factors. The pandemic is also having a broad spectrum of effects on economiesand exchange rates globally.Discuss in detail the limitations of the IS-LM model. Why is it unrealistic for todays economies
- Q.No.1. Differentiate the following by giving at least one practical exampleAggregate demand Vs Aggregate supplyThe Coronavirus, in March 2022, was the reason for a major shutdown of economic activity across the globe. Discuss the effects of COVID-19 in the context of the IS-LM Model. Also discuss the government’s response to this event using graphs.In developed countries the phenomenon of population aging is happening because of longer life expectancy as well as lower birth rates and lower population growth rates. a) How does the LC theory suggest that immigration from developing countries maybe favorable for increasing aggregate consumption and savings in developed countries?