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A: Aggregate demand shows the total amount of goods and services demanded in the economy.
Q: Give an example of a concept learned in this course that you think may be associated with strong…
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Q1:
Define any five
1.Aggregate
2.
3.fiscal policy
4.Inflation
5.
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.
Step by step
Solved in 2 steps
- Please help: INCLUDE DIAGRAMS 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 appears to continue tohave 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 your local country, and you are taskedwith analyzing the impact of Post-Covid-19 on the economy and you are required to prepare noteson what specific government policies can be implemented as a stimulus package to jump-start theeconomy savings and investment market. The team meeting will be held in 3 days from the dateof the assignment and because of limitation of time the Chief economist has given you thefollowing guidelines:(a) You are required to identify four (4) key…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 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 in your local country, 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 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…
- P1. Apply the approximation rules for growth rates in the following situations: a) Labor income equals the average wage times the number of employed workers (YWN). The average wage grows at 3%. Employment grows at 1%. Find the growth rate of labor income. b) Real GDP (1) equals nominal GDP () divided by the aggregate price level (Y Nominal GDP is growing at 6%. The inflation rate is 2%. Find the growth rate of real GDP. P c) The demand function for a good is Qo-6p Find the percentage change in the quantity demanded (Q) when the price of the good (P) rises by 4%. d) Suppose you have a credit card balance (D) that, if unpaid, grows at a nominal interest rate of 7% every year. Prices (P) grow at a rate of inflation of 1% per year. Calculate the annual percentage change in the real value of your credit card debt (DD/P). e) Suppose nominal GDP (Y) grows at 4%, prices (P) grow at 3% and the population (POP) grows at 2%. Find the growth rate of real GDP per person (y = Px POPGive an example of a concept learned in this course that you think may be associated with weak macroeconomic performance . the list of concepts we learned so far is below Explain why this is case. Use real-world examples and explanations. lists of concepts learned so far Describe economics and the economic way of thinking. Identify the components of an economic theory. Define scarcity. Explain opportunity cost and the rationale for choice. Define a market and competitive markets. Describe demand and the concept of demand, individual demand and the demand curve. Explain a change in demand versus a change in quantity demanded. Define supply and the concept of supply. Describe a change in supply versus change in quantity supplied. Illustrate and explain and illustrate how markets reach equilibrium price and quantity.Question 3Examine the fundamental causes of a nation’s business cycle fluctuations. Also, examine the relationship between total spending by government and consumers in a nation and the location of the countries’ GDP on the business cycle.
- The outbreak of COVID-19 adversely attacks most economies. Some economists argue that the impacts on the macroeconomy mainly come from (i) the reduction in consumption and investment appetite, while others believe that the impacts mainly come from (ii) the immediate destruction of the supply-chain and production. Suppose two quarters since the outbreak of the COVID-19, changes in selected macroeconomic data of Country X can be summarized as below: Last Year This Year Annualized economic growth rate 4% -6% Unemployment rate 5% 8% Inflation rate 2% 5% Assume that argument (ii) is true, briefly discuss one plausible short-run dilemma facing the central bank of Country X.The outbreak of COVID-19 adversely attacks most economies. Some economists argue that the impacts on the macroeconomy mainly come from (i) the reduction in consumption and investment appetite, while others believe that the impacts mainly come from (ii) the immediate destruction of the supply-chain and production.Suppose two quarters since the outbreak of the COVID-19, changes in selected macroeconomic data of Country X can be summarized as below: Last Year This Year Annualized economic growth rate 4% -6% Unemployment rate 5% 8% Inflation rate 2% 5% Using an AD-AS model, explain whether argument (i) or (ii) above fits better to the case of Country X.Economic variables are sometimes divided into “leading indicators” and “lagging indicators.” Leading indicators are variables that start to change before an economic expansion or contraction. Lagging indicators change only when an expansion or contraction is well underway. Based on the graph of the unemployment rate, is unemployment a leading or lagging indicator of recessions? Explain. How can we use this information when providing advice to a company that sells goods to consumers?
- 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 appears to continue tohave 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 your local country, and you are taskedwith analyzing the impact of Covid-19 on the economy and you are required to prepare notes onwhat specific government policies can be implemented as a stimulus package to jump-start theeconomy savings and investment market. The team meeting will be held in 3 days from the dateof the assignment and because of limitation of time the Chief economist has given you thefollowing 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 policy/ies would you…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 appears to continue tohave 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 your local country, and you are taskedwith analyzing the impact of Covid-19 on the economy and you are required to prepare notes onwhat specific government policies can be implemented as a stimulus package to jump-start theeconomy savings and investment market. The team meeting will be held in 3 days from the dateof the assignment and because of limitation of time the Chief economist has given you thefollowing 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 policy/ies would…Part 1 Please analyse the various components of AD for India. Track the GDP growth of India pre and post COVID. Analyse the reasons for any changes in the growth rates. Compare the growth of India with two advance economies and two emerging economies. PART 2 Mention and evaluate the demand management policies that have been taken by the Indian Government. You are encouraged to look into the data published by the central bank and statistical organisations of the country. Also please use the appropriate graphs to support your analysis.