a) List at least four (4) sources of positive economic growth in an economy and discuss how these sources affect Aggregate Supply within the AD/AS model. In the discussion pay particular attention on National Output, Unemployment and Inflation. Your discussion must be illustrated by the AD/AS model

Q: Draw and properly label an AD-AS model to show Keynesian, intermediate, and neoclassical zones.…

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Q: Using the AD/AS model, explain how each of the following hypothetical Government policies would…

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Q: Describe at least four positive economic growth sources for an economy and how they effect aggregate…

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Q: Question 1: Evaluate the importance of AD/AS models from a macroeconomic standpoint and analysis

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Q: Which macroeconomic objective is not being explicitly pursued in the above binding constraints? a)…

A: Which macroeconomic objective is not being explicity pursued in above binding constraints? correct…

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Q: Determinants of aggregate demand The following graph shows an increase in aggregate demand (AD)…

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Q: Using the AD-AS framework, demonstrate the impacts of spending on infrastructure and a tax cut on…

A: Answer - Equation of AD  Y = G + I + C-T + Ex - IM  Here,  Y = Output  G = Government spending  C =…

Q: Q.1.10 Strikes across a wide range of industries in South Africa in the first half of 2020 can be…

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Q: how each of the following shocks can impact the demand or supply of oil: A. A worldwide economic…

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…

Q: Q3. The Lewis-Fei-Ranis model of economic development with unlimited supplies of labour is a…

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Q: During 2015, there was a substantial increase in stock prices, as well as a reduction in the world…

A: The long run aggregate supply curve is thought to be an upward curve at the economy's ongoing…

Q: Q.1.10 Strikes across a wide range of industries in South Africa in the first half of 2020 can be…

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Q: Hayek says that markets will heal themselves and that government should not intervene. How does the…

A: Hi. Since there are two questions, we will answer the first one. Friedrich Von Hayek states that…

Q: In a neoclassical growth model, if technology grows at a constant rate of g, which of the following…

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Q: Using the dynamic AD/AS model, explain why Kennedy is concerned about the state of the global…

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Q: For each of the following scenarios predict how the price level and output will change over time…

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Q: You have collected data for 104 countries to address the difficult questions of the determinants for…

A: For 5% we have a = 0.05 and for 1%, a = 0.01

Q: Using the AD/AS model, explain how each of the following hypothetical Government policies would…

A: When business environment is friendlier, it increases firm profitability. So firms increase…

Q: Consider a neoclassical growth economy described by the following. •Yt = K0.3t ·L0.7t (aggregate…

A: GIVEN   •Yt = K0.3t ·L0.7t (aggregate production function)•s = 0.35 (saving rate)•δ = 0.10…

Q: When a recession begins and ends is determined by the Business Cycle Dating Committee (chaired by…

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Q: with the aid of a diagram  An increase in the price of oil is an example of a negative supply…

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Q: Using the AD-AS model, which of the following statement better describe what has happened with the…

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Q: Imagine that the AD curve intersects the AS curve in the Neoclassical Region and that the price of…

A: Given that the AD curve intersects the AS curve in the Neoclassical region and the price of oil…

Q: Assignment 4 i. Differentiate between Aggregate Demand ( AD) Curve and Demand Curve (Micro…

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Q: What is the difference between the Keynesian zone, neoclassical zone, and intermediate zone in the…

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Q: Which one of the following statements is false? Group of answer choices -The neoclassical model came…

A: The neoclassical model is an approach or a model that was contributed after the classical economists…

Q: In a Keynesian economy, please show and explain how would reducing marginal tax rates affect income…

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Q: Which perspective is better suited to handling the recession that was caused by the pandemic?…

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Q: Part 1 Please analyse the various components of AD for India. Track the GDP growth of India pre and…

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Q: importance of AD/AS models from a macroeconomic standpoint

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Q: Between 2007 and 2009, the United States experienced a severe financial crisis and economic downturn…

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Q: Hayek says that markers will heal themselves and that government should not intervene. How does the…

A: The aggregate supply curve shows the response of the aggregate supply to the fluctuations in the…

Q: Question 9 Long-term economic growth is illustrated in the AD/AS framework by a gradual shift of the…

A: Economic growth refers to sustainable increase in real GDP.

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Q: How does AD/AS Model Incorporates Economic Growth, unemployment, and inflation. Identify periods of…

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Q: AD/AS model.   Country A is an oil exporting country.   The aggregate demand and supply functions…

A: The question is based on the aggregate demand - aggregate supply model.