Q: Which of the following is NOT included in 2013's GDP? Group of answer choices the commission…
A: 2013's GDP is the sum of the monetary value of all final goods and services produced in an economy…
Q: 10. Price elasticity of supply in the short run and long run The following graph shows the short-run…
A: Price elasticity is quite possibly of the most key, fundamental economic idea any business owner or…
Q: K Suppose you are given the following information about a country: What is the total unemployment…
A: Unemployment rate is the number of unemployed who are willing to work and are actively looking for a…
Q: Company Liam purchased a machine that needs maintenance as long as it is in use, which can be…
A: Nominal interest rate = 12%, compounding quarterly So, Monthy rate of interest (R) = (1+12%/4)^(1/3)…
Q: Consider an economy with the Cobb-Douglas production function: Y = 3K0.2L0.8 K = 140000; L=8000…
A: In the study of economics, production functions represents the relationship between the quantity of…
Q: A consumer of two goods has indirect utility v(p, w) = P₁ √w + P₂ (a) Find the indirect money-metric…
A: In the study of economics, the term utility can be defined as the total satisfaction or benefit that…
Q: For the cash flows shown in the diagram, determine the value of x and 2x that will make the future…
A: The formula for the future value is given as: => F = P(1+R)t Where F : future valueP : present…
Q: Goal 10: Reduced Inequalities. Income inequality is on the rise the richest 10 percent have up to 40…
A: We are aware of the significant difficulties we confront in the modern world, including the pressing…
Q: 1. Below is the price and quantity information a firm. For example, at a price of $2.80, 60 units…
A: A demand curve refers to a graphical depiction of the connection between the price of a product and…
Q: A fixed capital investment of 12 Million pesos is required for a production plant and an estimated…
A: The rate of return (ROR), which is represented as a percentage of the investment's initial cost,…
Q: Answer the following questions based on the accompanying diagram: Price ($) 20 18 16 14 12 10 8 00 6…
A: A price change in commodity affects its demand. We can track down the elasticity of demand, or the…
Q: The supply of paper is described by Qs=5000P where Qs is tons supplied per year and P is the price…
A: Given , Supply function - Qs = 5000P Demand function - Qd = 400000 - 1000P Marginal External Cost…
Q: Given the following demand function: Q=15.6-0.5 p (a) Graph the demand curve. (b) Calculate for…
A: Given Demand function: Q=15.6-0.5p To draw the demand curve, we just require x-intercepts and…
Q: 7. The Grip of Gas U.S. drivers are ranked as the least sensitive to changes in the price of…
A: "Price elasticity of demand for a commodity measures the responsiveness of change in demand of that…
Q: In the diagram to the right, we have five different combinations of movies and books. Combination A…
A: “Since you have posted a question with multiple subparts, we will solve the first three subparts for…
Q: Which of the following is NOT a characteristic of an oligopoly? low barriers to entry the firms are…
A: Oligopoly is a market structure whereby there are few number of firms operating in the market. The…
Q: Find the amount at the end of 2 years and 7 months if 425,000 pesos is invested at 8% compounded…
A: Given Information: Amount of Investment (P) =425000 pesos Interest rate = 8% compounded quarterly…
Q: The price of peanut butter, a complement to jelly, decreases. How will this affect the equilibrium…
A: The demand and supply of any commodity is not onlu affected by its won price but also due to other…
Q: Consider an economy in which the amount of investment is equal to the amount of saving (i.e., the…
A: γ: the fraction of output of income that is invested/saved The production function is y=Ak^α …………….…
Q: Answer the following questions based on the accompanying diagram: Price ($) 20 18 16 14 12 10 00 a 4…
A: Elasticity measures the responsiveness of quantity demanded with respect to change in quantity…
Q: Briefly explain whether you agree with the following statement: "If consumer surplus LOADING... in…
A: The law of diminishing marginal utility is where the concept of consumer excess originates.…
Q: Luther’s company has just received an order for 1,200 of its Flying Z machines. The customer wants…
A: * ANSWER :- Given that , The company receives an order of flying z mechine= 1200 The customer…
Q: B. Bob consumes two commodities: x and y (say, chocolate and classical music). More y never hurts,…
A: An indifference curve depicts a combination of two products in varied proportions that offers a…
Q: Emily wants to save part of her salary for a new car in a savings account that earns 8% annual…
A: Formula for the future value: F = P(1+R)^t Where; F: Future value P : Present value R : PA rate of…
Q: A2-1 A country is described by the Solow model, with a production function of y = k¹/2. Suppose that…
A: The Solow Growth Model is an exogenous model of economic growth that dissects changes in the level…
Q: 4. For each of the two-variable-factor production functions listed below, deduce the sign and…
A: TPP is actually Total Physical Product. Now TPP is actually showing the combination of total…
Q: A) True or false: The marginal utility of good 1, that is, MU1, must be diminishing in x1. B) True…
A: 1) Solution: True Explanation: The marginal utilities of good 1 will be calculated as: MU1 = ΔU/…
Q: Evaluate a combined cycle power plant on the basis of the Present Worth Method (PW) when MARR is 12…
A: Investment Cost = 12,693 Salvage Value = 3,000 Annual Operating Cost = 1000 Overhaul Cost (end of…
Q: Consider an individual agent who maximizes S [₁³U(C..) [4] Ct+s max Et (1 where Ct+s denotes…
A: Given model is 2 period model U=maxEt ∑0s(u(Ct)+δsU(Ct+s)|it t--- current period Ct--- consumption…
Q: Home has 1,200 units of labor available. It can produce two goods, apples and bananas. The unit…
A: If relative prices were in equilibrium, the ratio would be 1.5, meaning that apples would cost 1.5…
Q: The value of what KFC produces in Japan is included in the U.S. ________ and in the Japanese…
A: GDP is the value of all final goods and services pr9duced within the domestic boundaries of a…
Q: Julia has usual preferences over X and Y, and, at current prices and income, she spends 1/2 of her…
A: Consumer preferences are said to represent the subjective (individual) tastes of distinct good…
Q: Suppose a farmer along Lake Lansing uses insecticides. The insecticide runs off into Lake Lansing…
A: Given , Profits of Farmer increase by 200 for each ton , So total profit for 6 unit of fertilizers…
Q: You are given the following market data for Venus automobiles in Saturnia. Demand: P = 35,000 - 0.50…
A: Equilibrium is the state where demand is equated to the supply maintaining the balance in the market…
Q: #4. Explain how exchange rates can affect a firm’s global sales.thanks!
A: In the global market, products and services are traded on the basis of the exchange rate between the…
Q: Figure 1 The production possibility frontier ABCDE is a production possibility frontier. It shows…
A: The Production Prospects Frontier (PPF) is a chart that shows every one of the various mixes of…
Q: Consider an individual agent who maximizes S max E₂ [5¹U(C... | | 851 4] where Ct+s denotes…
A: Given model is 2 period model U=maxEt [∑δs U(Ct+s )||It ] ∑ from s=0 to S t--- current period Ct ---…
Q: Suppose demand and supply are given by Qd = 60 - P and QS = P - 20. a. What are the equilibrium…
A: Equilibrium in the market reaches at the point where quantity demanded is equal to quantity…
Q: making service calls to customer’s plants. Also, the cost for airline tickets, airport buses, car…
A: * SOLUTION :- Given that, The above data represents two cases on commercial airlines and air…
Q: What are the main reasons/statistics that have encouraged the government to look at student debt…
A: The default rate is rising, and many graduates are struggling to repay their loans. Graduate…
Q: Which of the following is an example of an intermediate good? Group of answer choices The…
A: Intermediate goods are products that are used in the manufacturing process to create other goods…
Q: Which of the following is true under monopoly? Selected Answer: Profits are always positive Answers:…
A: A market is where sellers and purchasers accumulate to trade, buying, and selling of commodities. In…
Q: 2.5 The only variable input a janitorial service firm uses to clean offices is workers who are paid…
A: The cost that varies per unit of output is known as a variable cost, as the name suggests. The…
Q: Answer quickly 1,2 and 3 Questions?asap
A: We know that Strategic planning: Refers to the planning under which the players will play in a…
Q: ights to organize the games played by the national team. Rugby AU decides that the next match,…
A: The monopoly firm is only single firm in the market and there is no difference between the firm and…
Q: Question 6 Recall that the MRS at a consumption bundle (x₁, x2) is defined as negative the slope of…
A: MRS is the marginal rate of substitution which is the rate at which one good is substituted for…
Q: 4. Give an example of a negative externality and an example of a positive externality..?
A: Positive and negative externality along with the examples is to be determined.
Q: 1. Pedro, who deposited P500,000.00 today with a financial Institution M, agreed with the latter…
A: Answer explained below Explanation: Step 1:
Q: PRICE O C P₁ Od 0," P₂ P₁ Ob P3. P2. A P4 B D F LL G d Refer to Figure 7-9. The equilibrium price is…
A: In a market, when talking about the equilibrium condition, it can be said that it is the situation…
Q: Chen's family is saving for a home renovation that they would like to pay for with cash. They would…
A: According to this question P= $150,000 A1=10,000 i=5% per year n=15 years We have to find the…
Looking ahead, policymakers aiming to rekindle their economies will have fewer resources at their disposal and will likely
face some difficult choices. Indeed, without significant additional assistance, many will struggle to simply maintain
how
fallout.
Step by step
Solved in 4 steps
- How did the covid-19 pandemic impact employment and inflation ? What are specific government post-Covid-19 policy/ies to implement and why?Draw and properly label an AD-AS model to show Keynesian, intermediate, and neoclassical zones. Then briefly explain the level of unemployment, inflation and real gdp in each zone, and confirm wether all three goals of a macro economy are being achieved in each zone .Using the AS-AD model, graph and explain the effects of Covid-19 on the U.S. macroeconomy by comparing 2019 vs. 2020. Label the years on all curves, the axis, and the equilibrium. Ignore macroeconomic policy responses, such as the CARES act. Which curves shifted which direction, and why?
- Suppose in the real business cycle model that there is a simultaneous temporary increase inboth current government spending and in the current money supply. Draw diagrams for thelabour, goods and money market, and the production function. Determine the equilibriumeffects of these two shocks occurring simultaneously on employment, output, consumption,investment, money, real wages, the real interest rate, and the price level. Provide a detailedeconomic analysis explaining your results with the aid of the diagrams.6.1.What is an AD-AS model and what does such a model as per the givendiagram essentially focus on?6.2.Discuss the diagram in detail by first explaining what leads to step Step 1(representing a shift in curves on the diagram) and indicating what occursto cause shifts in some of the curves. Then discuss Step 2 (whichrepresents other macroeconomic changes) and indicate what happens toother variables when there are shifts in some of the curves as per Step 1. 6.3.What, in general, do the points of intersection between the AS and AS2curves and the AD curve show?6.4.When the LAS curve moves to the right to LRAS2, what exactly do thepoints of intersection between the AS and AS curves and the AD1 curve,indicated as point 1 and point 2, reflect on the diagram?Draw and properly label an AD-AS model to show Keynesian, intermediate, and neoclassical zones. Then, briefly explain the levels of unemployment, inflation and real GDP in each zone, and also confirm whether all three goals of a macro economy are being achieved in each zone. 2. Draw and properly label the AD-AS graphs or one AD-AS graph to show recessionary and inflationary gaps. Then, discuss in detail how Keynesians suggest that recessionary and inflationary gaps be closed. 3. Draw and properly label AD-AS graphs or one AD-AS graph to show recessionary and inflationary gaps. Then, discuss in detail how neoclassicals suggest that recessionary and inflationary gaps be closed.
- Discuss the views of Adam Smith relative to the how the fundamentals of the macro economy work. Where do Keynes’ views stand relative to Smith’s? Explain the features of three other schools of economic thought.With the theoretical prediction of PIH mind, explain how Friedman sought to reconcile the evidence about consumption from cross-sectional data with that from time-series macroeconomic data.Changes in macroeconomic indicators can often be of relevance to business decision-making. For instance, changes in macroeconomic performance reflected in indicators can impact things such as firms profit forecasts, expected sales growth, expansion plans, etc.Assume you are employed as a business analyst with the large Australian based mining company. Identify and discuss how each of thefollowing macroeconomic issues may be relevant to the firm:a) A world-wide economic slow-down.b) Appreciation of the Australian dollar relative to other major currencies.c) The government abolishes subsidies to the mining industry.
- WHAT THE FISCAL AND MONETAARY POLICIES DID THE USA GOVERNMENT PURSUE TO COMBAT THR FINANCIAL CRISES ON 2008 AND PANDEMIC CRISES IN 2020? AND HOW WOULD YOU MODEL THE EFFECTS OF THESE POLICIES IN IS\LM AND AD\ AS MODELS?The Covid-19 crisis and lockdown has been a supply-side shock to the South African economy. In response, the government offered a R500bn stimulus package to help cushion the blow. Use the AD-AS model, in conjunction with the IS-LM-BP, to explain the supply and demand dynamics of the shock and policy response. Where will equilibrium income and prices settle?In the basic New Keynesian model, suppose that there is an increase in government spending. • First, suppose that the central bank does nothing (accommodates the shock). Illustrate onthe graphs and explain what will be the effects on inflation and output? • Second, suppose that economy initially has inflation equal to the central bank’s inflationtarget and an output gap of zero. What action do you expect the central bank wouldundertake? Illustrate you answer on the graph and explain. PLEASE SHOW ALL HAND WRITTEN STEPS AND WORK!