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- What are the advantages and disadvantages of aggregating demand from a forecasting view?How do inflationary expectations influence interest rates on mortgage? Please elaborate by expressing your thoughts about your findings in at leastAnalyse Australia's economy in 2023 using the Mundell Fleming model and derive and draw the aggregate demand curve using the Mundell Fleming model and the aggregate supply curve using the neoclassical model of aggregate supply.
- Evaluate the importance of AD/AS models from a macroeconomic standpoint and analysis.Contrast the Keynesian and neoclassical approaches to responding to a recession. Assess how modern macroeconomists might blend elements of each perspective in their economic modeling.Review the fundamental microeconomic assumptions on the consumers’ behaviour within the neoclassical model. What are the main strengths and the main limitations of those assumptions? Discuss with theoretical and applied evidence.
- The rational expectations assumption is unrealistic because, essentially, it amounts to the assumption that every consumer has perfect knowledge of the economy.” Discuss in the context of developing countries.in the Lucas Imperfect Information model, do aggregate demand shocks have real affects? Explain. What is the implication of this result for stabilisation policy?What is one way society can financially incentivize innovation?. What school of thought believes increasing AD can actually change output
- Macroeconomic forecasts from different computer models are usually Very different because the models are based on different data sets, different assumptions, and different macroeconomic theories. Very similar because the models use the same data, and standardized assumptions so it does not matter whether a supply-side economist or a Keynesian economist conducts the research. Very similar because the models must conform to high government regulatory standards. About the same because political objectives never conflict with good economic policies. Very different because it is impossible to determine who funded the research.Demand Planning - Which of the following is an example of a macro forecast intelligence? Change in gas prices. New competitor entering the market Company will start selling overseas. All of the aboveWould it make sense to argue that rational expectations economics is an extreme version of neoclassicaleconomics? Explain.