LRAS Y The long run aggregate supply (LR AS) diagramatical function is vertical because: I. The natural rate level of real GDP (Y) is determined by the nation's stock of capital (0, it's labor force ( the available land (T) and the level of production technology. . The LRAS diagramatical function consists of a set of coordinates pairing a given level of the natural rate level of real GDP () with different values of the average price level (P) . The natural rate level of real GDP (Y) is rota tunction of the average price level (P)
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- Please Use the Aggregate supply and Aggregate Demand Model below to answer the questions that follow. Examine the influence of government expenditure on investment in a nation. Use Jot Inc. Ltd a multinational construction company in which you are the Chief Exec of the firm that that is highly diversified and recieves funds to construct highways and other government funded projects. Also, explain the factors that cause the Aggregate Demand curve to be downward sloping left to right. ThanksUse the Aggregate supply and Aggregate Demand Model below to answer the questions that follow.Aggregate Supply and Aggregate Demand Model Examine the influence of government expenditure on investment in a nation.Use Jot Inc. Ltd a multinational construction company in which you are theChief Exec of the firm that that is highly diversified and recieves funds toconstruct highways and other government funded projects and explain the factors that cause the Aggregate Demand curve to be downward sloping left to right.>>>Use the Aggregate supply and Aggregate Demand Model below to answer the questions that follow. Aggregate Supply and Aggregate Demand Model Examine the influence of government expenditure on investment in a nation. Use Jot Inc. Ltd a multinational construction company in which you are the Chief Exec of the firm that is highly diversified and recieves funds to construct highways and other government funded projects. Also, explain the factors that cause the Aggregate Demand curve to be downward sloping left to right.
- Assume that output began at its natural level. By using AD-AS (Upward sloping) and Philips curves (graphs), analyze the short and long-run effects for each of these solutions. a. The government decreases the investment tax credit in order to discourage investment. b. The Malaysian Government increases assistance to b40 through various stimulus package due to the impact of the COVID-19 pandemic on this group income. c.the evolution of technological advancement brings about a great impact on the economy.18 - : If aggregate demand increases in an economy while aggregate demand is constant in the short run, which of the following statements is correct for the new equilibrium point?A) price decreases and national income increasesB) price rises national income risesC) price increases and national income does not changeD) price goes up and national income goes downE) price decreases and national income decreases.19 - : In which of the following expressions is the equation of change given correctly?A) MV=VK B) MT=PV C) MV=PT D) MP=VY E) MV=PAssume that the economy is initially operating at the natural level of output. Graphically illustrate (using the IS-LM-PC model) how the economy adjusts to a decrease in taxes both in the short run and in the medium run.
- Suppose the economy begins with output equal to its natural level. Then there is a decrease in consumer confidence, as households attempt to increase their saving, for a given level of disposable income. In AS-AD and IS-LM diagrams, show the effects of the decline in consumer confidence in the short run and the medium run. Explain why curves shift in your diagrams. Please please please put a picture of the diagrams! Thank you so much Please give me correct answer with full expalanation and carefullly draw otherwise i give multiple downvote.Assume that an economy is initially operating at the natural rate of output (full employmentoutput). Use the AD-AS model to illustrate graphically the effects on price and output of areduction in government spending. Explain your assumptions with respect to the range ofaggregate supply of your analysis. Note: the previous answer is not quite satisfactory. can you please relate the aggregate supply with the decling of government expenditure. thank youWhich statement about the AS curve is correct? A. The AS curve shows the relationship between the quantity of real GDP supplied and potential GDP when all other influences on production plans remain the same. B. On the AS curve, t he quantity of real GDP supplied equals potential GDP at the price level at which the real wage rate is at its full-employment equilibrium level. C. Along the AS curve, a rise in the price level brings a decrease in the quantity of real GDP supplied. D. Along the AS curve, a change in the price level brings an equal percentage change in the money wage rate.