An economy operating at close to full capacity is likely to show_______________ 1. A trade surplus 2. A low unemployment rate and inflationary pressures 3. A high unemployment rate and lower wages 4. Lower demand for money
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An economy operating at close to full capacity is likely to show_______________
1. A trade surplus
2. A low
3. A high unemployment rate and lower wages
4. Lower
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- In September the UK Government under the leadership of new Prime Minister Liz Truss announced a set of policies including: ^r. cuts to income tax rates 2. a commitment to billions of pounds of government subsidies for household energy bills. The UK has an inflation rate that is above their target rate and the UK Government is currently running a budget deficit. How these policies would be funded was not specified. Immediately after the announcement of these policies, investors started selling off UK pound assets as the market reacted badly to this announcement. Discuss these policies and their impact on economic variables. There is no single right answer here. Better answers will show depth of good economic analysis of these policies. Diagrams are not required.Can you please answer question 48, please? No explanation needed. Thanks in advance. 48) The trade effect of Brexit for the UK is likely to be A) a reduction in trade with the EU. B) either a reduction or an increase in trade between the UK and non-EU countries. C) a reduction in both inward and outward capital flows between the UK and the EU. D) A and B E) A, B and CQuestion:- Comment, on the likely outcome with sufficient arguments? a) Impact on aggregate demand of the economy if imports are greater than exports.b) Impact on aggregate demand if the GDP of trading partner is increasing at a faster rate than that of India.c) Inflation rate in the country has reached 6.73%.d) Impact on GDP when, Interest rates have come down in the countrye) Impact on balance of payment, when there is a huge demand of vaccines produced in India in South Africa.f) Inflation rate in India reaches negative 2% (-2%)g) The aggregate demand falls short of aggregate supply in the economy
- The economy of a hypothetical country has been stable for two or three years with very low unemployment. Wages have been gradually increasing during this time. Now an aggressive policy of increasing tariffs on foreign goods imported into the country results in retaliatory actions from the other countries against the hypothetical country’s products and services. This causes great loss of business in the hypothetical country, and results in significant unemployment. Include detailed answers to the following questions: 1. What kind of economic gap will start to occur (inflationary or recessionary)? 2. What kind of fiscal policy might be helpful to stabilize the economy (expansionary or contractionary)? 3. What specific fiscal policy tools does the government have available, and how should these tools be utilized to maximize their effect in stabilizing the economy?1. Macroland is recognized as a high-income economy by the World Bank. The country of Macroland is now in a recession. a. Using a correctly labeled graph of the long run aggregate supply, short run aggregate supply, and aggregate demand curves and show each of the following: i. Current price level, labeled PL1 ii. Current output, labelled Y1 b. Assume that Braveland, a major trading partner of Macroland, enters into a recession. i. Explain the effect on Macroland exports to Braveland ii. On your graph in part (a) above, show the effect of the change identified in part (b) (i) above on real output in Macroland. iii. How would this change in real output in Macroland affect unemployment in Macroland? c. Assume the recession in Braveland causes a decrease in the demand for Macroland dollars in the foreign exchange market. Braveland’s currency is the euro. i. Explain whether the euro will appreciate, depreciate, or remain unchanged against the dollar.ii. Draw a correctly labeled graph of…Mexico trades with the United States. Explain briefly the effect ofeach of the following events on the growth rate of real GDP andaggregate demand in Mexico.a. The United States goes into a recession.b. The price level in Mexico rises.c. Mexico increases the quantity of money.
- The economy of Andorra is currently experiencing unemployment rates of 5% while economic growth is stagnating at 2%. Naomi recently lost her job as a systems analyst and is struggling to find new employment in the current economic conditions.The ResultsAs the money supply (increases/decreases), businesses will get (more/less) money and will (hire/fire) workers so that unemployment (increases/decreases).When that happens Naomi will earn (more/less) money and will be able to spend (more/less) so that the economy and GDP will (expand/contract) and prices will (rise/fall) .The economy of a hypothetical country has been stable for two or three years with very low unemployment. Wages have been gradually increasing during this time. Now stock market prices begin significant increases, causing peoples’ investments, such as their retirement accounts and other investments to increase in value. People feel very good about the future, that they will keep their jobs, get regular pay raises and life will be good. With this positive feeling, people feel better about making purchases that perhaps they had been delaying earlier. They now use their new-found sense of wealth to buy many things that they had been hesitant to purchase in the past. What kind of economic gap will start to occur (inflationary or recessionary)? What part of the Federal Reserve’s congressional mandate does this scenario trigger (price stability and maximum sustainable employment)? What kind of monetary policy might be helpful to stabilize the economy (expansionary or contractionary)? What…The economy of a hypothetical country has been stable for two or three years with very low unemployment. Wages have been gradually increasing during this time. Now stock market prices begin significant increases, causing peoples’ investments, such as their retirement accounts and other investments to increase in value. People feel very good about the future, that they will keep their jobs, get regular pay raises and life will be good. With this positive feeling, people feel better about making purchases that perhaps they had been delaying earlier. They now use their new-found sense of wealth to buy many things that they had been hesitant to purchase in the past. Given this scenario, insert your answers below each of the following questions. What kind of economic gap will start to occur (inflationary or recessionary)? Which of these graphs, Figure 1 or Figure 2, depicts this economic gap? What part of the Federal Reserve’s congressional mandate does this scenario trigger (price…
- The economy of a hypothetical country has been stable for two or three years with very low unemployment. Wages have been gradually increasing during this time. Now stock market prices begin significant increases, causing peoples’ investments, such as their retirement accounts and other investments to increase in value. People feel very good about the future, that they will keep their jobs, get regular pay raises and life will be good. With this positive feeling, people feel better about making purchases that perhaps they had been delaying earlier. They now use their new-found sense of wealth to buy many things that they had been hesitant to purchase in the past. Given this scenario, insert your answers below each of the following questions What kind of monetary policy might be helpful to stabilize the economy (expansionary or contractionary)What specific monetary policy tools does the Federal Reserve have available to use in this scenario? What specific monetary policy tools does…The economy of a hypothetical country has been stable for two or three years with very low unemployment. Wages have been gradually increasing during this time. Now stock market prices begin significant increases, causing peoples’ investments, such as their retirement accounts and other investments to increase in value. People feel very good about the future, that they will keep their jobs, get regular pay raises and life will be good. With this positive feeling, people feel better about making purchases that perhaps they had been delaying earlier. They now use their new-found sense of wealth to buy many things that they had been hesitant to purchase in the past. Given this scenario, insert your answers below each of the following questions. What kind of economic gap will start to occur (inflationary or recessionary)? Will the demand shift to the right or left? What part of the Federal Reserve’s congressional mandate does this scenario trigger (price stability and maximum sustainable…Explain and draw a graph to illustrate how a depreciation Explain and draw a graph to illustrate how a depreciation of the U.S. dollar changes the short-run equilibrium real GDP and price level in the United States. Explain and draw a graph to illustrate how a depreciation