Hello I need help with my homework in macroeconomic. The Macro Economy (Aggregate Supply and Aggregate Demand) Name _______________________________ Directions: For each question, graph the economy in long-run equilibrium. Next, make any necessary shifts and indicate the end result on the equilibrium quantity and real GDP. 1. The U.S. dollar appreciates vs. all other major currencies. Price level _________ Quantity of RGDP _________ 2. The Covid-19 pandemic caused major shocks to the world economic system, including negative effects on both the demand and supply side of markets. Price level _________ Quantity of RGDP _________ 3. In the last module, you learned about both the CARES Act and the American Rescue Plan. Please graph this increased spending. For this problem, start with your initial equilibrium in a recessionary gap. Price level _________ Quantity of RGDP _________
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Hello I need help with my homework in
The Macro Economy (
Name _______________________________
Directions: For each question, graph the economy in long-run equilibrium. Next, make any necessary
shifts and indicate the end result on the
1. The U.S. dollar appreciates vs. all other major currencies.
Price level _________
Quantity of RGDP _________
2. The Covid-19 pandemic caused major shocks to the world economic system, including negative effects
on both the
Price level _________
Quantity of RGDP _________
3. In the last module, you learned about both the CARES Act and the American Rescue Plan. Please graph
this increased spending. For this problem, start with your initial equilibrium in a recessionary gap.
Price level _________
Quantity of RGDP _________
4. Selected countries around the world struggle in 2022. Assume that foreign real
these countries.
Price level _________
Quantity of RGDP _________
5. High school graduation rates in the U.S. significantly increase.
Price level _________
Quantity of RGDP _________
6. After years of historically low interest rates, we now see consumers paying 15 % for home loans and
businesses paying upwards of 10 % for business loans.
Price level _________
Quantity of RGDP _________
7. From 2006 to 2011, the U.S. housing market took a tremendous dive, with home values falling an
average of 32 % over this time period. (Hint: How does this impact wealth?)
Price level _________
Quantity of RGDP _________
8. When the Organization of Petroleum Exporting Countries (OPEC) formed in 1973, it raised oil prices
roughly 10-fold by reducing the global supply of oil.
Price level _________
Quantity of RGDP _________
9. Increased vaccination rates in the U.S. and the appearance of more mild symptoms associated with
Omicron cause the business world to feel optimistic about sales in 2022.
Price level _________
Quantity of RGDP _
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