ropose 3 solution that you think might assist policymaker and internal or external stakeholder to recover the economy due to the covid-19 pandemic.
Q: John Maynard Keynes created the aggregate expenditures model based primarily on what historical…
A: Keynesian economics is a demand side theory which considers the changes in the economy over short…
Q: In the Keynesian model, an introduction of a proportional tax will: (a) increase the slope of the…
A: (Since you have asked many questions, we will solve the first one for you. If you want any specific…
Q: AD3 AS AD2=880 P3 AD1 1.1 1.0 704 Q2 Q3 1000
A: GIVEN spending will be needed to move the economy to full employment Is
Q: If current real GDP = $52 trillion and potential real GDP = $61 trillion, then the “GDP gap” = Group…
A: GDP measures the value of goods and services that are produced with in the country during a period…
Q: Which of the following statements is correct? A)Actual investment equals planned investment when…
A: Unplanned inventories: - Unplanned inventory is the increase in the inventory investment over the…
Q: and Planning - Which of the following is an example of a macro forecast intelligence? Change in…
A: Economics as a subject is used to study and plan the allocation of scarce resources among humans.…
Q: Why is Afghanistan in recession due to COVID-19?
A: Afghanistan is a relatively lesser integrated economy earlier as it generally maintains a gap with…
Q: IS-LM equilibrium that lies below the BP schedule
A: IS-LM model or Keynesian macroeconomic model depicts the market interaction between the interest…
Q: Which of the following is an example of transmission lag? None of the given answers. O The Congress…
A: There are 4 fiscal policy time lags. The Recognition lag is the time lag between when an economic…
Q: Aggregate private consumption expenditure is sensitive to temporary tax changes. Is the…
A: Aggregate expenditures are the sum of all costs incurred in the economy by factors over a period of…
Q: Q9. For each of the following sets of data, determine if output will need to increase, decrease, or…
A: AD = C+I+G where C= C+cYd
Q: In australia,What happened to government purchases between 1960 and 2016? Select one: a. they…
A: Government purchases is that part of GDP which is contributed because of spending done by…
Q: Which of the following would shift the SRAS curve to the right (ignoring any potential effect on…
A: Short-run aggregate supply:- The SRAS curve demonstrates that the amount of actual GDP which will be…
Q: Complete the following table by indicating whether each scenario is an example of a recognition lag,…
A: Recognition lag is the time delay between when an economic shock and the government realized that it…
Q: If planned investment spending increases by $6 million, and consumers are likely to spend 80¢ for…
A: According to all the given information, the consumer is likely to spend 80¢(80 percent) per dollar,…
Q: The total level of outward FDI worldwide increased about ________ between 1990 and 2018.…
A: Foreign Direct Investment or FDI is the investment by large global MNCs in numerous countries. FDI…
Q: In the Keynesian Cross model, an increase in government purchases by one unit would generate an…
A: Answer: The given statement is false. In the Keynesian model, an increase in government spending…
Q: what macroeconomic government policy/policies can be implemented to jump start the economy's savings…
A: The policies which can be taken by government post Covid-19 to implement jump start in the economy's…
Q: The policies of the federal government influence the outcomes of the various activities in that…
A: Economic realities frequently influence government policy changes. Government policy, particularly…
Q: In the Keynesian Cross model, an increase in autonomous consumption would result in a decrease in…
A: The entities in each economy are of different types. These are the consumers, producers, investors,…
Q: In the long run, when household confidence rises and people start spending more and saving less, we…
A: The components of aggregate demand consist of consumption, investment, government expenditure, and…
Q: How government can overcome unemployment issue during covid-19 pandemic
A: The Covid-19 is the disease created by the corona virus and it was assumed to be originated from…
Q: Give an example of a long term debt cycle in the COVID Pandemic
A: One of the best example of long term debt cycle Conclusive move has been made to address the…
Q: How can the COVID-19 pandemic influence the aggregate demand in a country?
A: The pandemic has caused lockdowns and travel restrictions all over the globe which led to the…
Q: Which of the following best describes the operation of ‘automatic stabilisers’? Select one: a. Some…
A: "Business cycles measure the fluctuations in the economy over time." There are four stages in the…
Q: . Let the national income model be; Y = C + I0 + G , C = a + b ( Y – T) , G = g Y…
A: Given national income model :- Y = C + I0 + G C = a + b ( Y – T) G = g Y
Q: If the simple Keynesian macroeconomic model is used to explain expansionary fiscal policy, which of…
A: The theory of Keynesian economics states that the government should raise demand to increase growth.…
Q: If output is above its natural rate due to a shift in aggregate demand, the situation remedies…
A: The overall demand for all goods and services in a nation is known as aggregate demand (AD). The…
Q: The multiplier model assumes that the price level is: fixed. neither rigidly fixed nor perfectly…
A: The theory that stated that the economy would tend to flourish more when the government tends to…
Q: In the basic Keynesian model, a decline in autonomous spending: Group of answer choices a. reduces…
A: Keynesian economics recommends that in troublesome times, the certainty of businessmen and consumers…
Q: The containment and mitigation measures have had sudden and profound economic impacts. The…
A: almost all the countries have been impacted by the pandemic situation and the decision during those…
Q: No matter the macroeconomic conditions in an economy, a Keynesian economist always advocates for…
A: No matter the macroeconomic conditions in an economy, a Keynesian economist always advocates for…
Q: If potential output $5,000 and current output is $4,500 then which statement would be true? The…
A: There are two kind of gaps in the economy: 1. Inflationary gap 2. Recessionary gap
Q: All experts agree that the economy is currently at its SR and LR equilibrium. A discovery of a new…
A: Answer: It is given that due to the discovery of a new variant of the virus there is a decrease in…
Q: Which of the following would be considered an expansionary supply-side policy? a)an increase in…
A: In an economy, supply-side policies refers to the given action to influence the total output…
Q: Diminishing MRS reflects the notion that people prefer balance in their consumption choices.” True…
A: Substitution effect is the concept in which consumer chooses substitute of the product when it's…
Q: Let the national income model be; Y = C + I0 + G , C = a + b ( Y – T) , G = g Y…
A: Given equations:- Y = C + I0 + G C = a + b(Y - T) G = gY
Q: Contrast the Keynesian and neoclassical approaches to responding to a recession. Assess how modern…
A: The Keynesian and Neoclassical way to deal with tackle the downturn is altogether different, as the…
Q: uppose national income is Y = $4,000, household consumption is C = $2,900, and savings is S = 700.…
A: Income Y = 4,000 Consumption c = 2,900 Saving S = 700
Q: Consider two standard Keynesian models. In Model 1, there are two types of consumers, Type A, who…
A: According to Keynesian economics, the government's fiscal and financial policy may impact the…
Q: In the classical model, an increase in aggregate demand will cause: OPTIONS: a decrease in price…
A: In the classical model, it is assumed that the economy is always at the full employment level and…
Q: The effect of the Keynesian multiplier on changes in equilibrium output arising from changes in…
A: In an economy, the Keynesian multiplier explains the impact of fluctuation in the goods market due…
Q: Consumption, investment, government spending, exports, and imports are:
A:
Q: The multiplier in the Keysian model equals
A: The term multiplier is generally used more in economy to mean the effect on some endogenous variable…
Q: Which of the following statements best describes how the COVID-19 pandemic affected the US price…
A: The corona virus is also termed as the Covid-19 as it was firstly found in 2019. In the first wave…
Q: Suppose you pay $2 to enter a raffle with a $300 ticket. If you have a 2% chance of winning, the…
A: here we calculate the expected value of ticket which are as follow-
propose 3 solution that you think might assist policymaker and internal or external stakeholder to recover the economy due to the covid-19 pandemic.
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- Propose THREE solutions that you think might assist policymakers and internal or external stakeholders to recover the economy due to the COVID-19 pandemic.The COVID-19 pandemic has increased sales at large grocery stores. How can store managers influence customer perceptions of service quality in a post-pandemic economy?How government can overcome unemployment issue during covid-19 pandemic.
- Which of the following statements best describes how the COVID-19 pandemic affected US real GDP? A) Real GDP rises above its natural level B) Real GDP remains at its natural level C) Real GDP falls below its natural level D) Impossible to say without more information.Socioeconomic impacts of COVID-19 – can globalization prevail in the face of the impeding recession?As the COVID-19 crisis continues to deepen, the significant health and economic consequences of this disease is crippling even the most developed nations. With < 0.5% of globally confirmed cases occurring in Africa, the continent appears so far to be relatively spared the untoward direct health consequences of the COVID-19 pandemic. The disease nonetheless has already had a destabilizing effect on the lives of millions of Africans with disproportionate impact on the poor and underserved. The interconnectedness that characterizes globalization has brought economic benefits to many African countries. With COVID-19, there have been disruptions in Africa’s global supply chains in the face of tumbling oil prices and a lowered global demand for African non-oil products, which constitutes a threat to the economic stability of the continent. Projected losses from oil shocks alone may result…Discuss the contingency plans that must be in place before, during and after the outbreak of COVID-19 so that businesses can fully absorb the pandemic to ensure business continuity
- Explain how COVID-19 pandemic has impacted each of the 5Es of macroeconomics in all countries of the world generally and Pakistan in particular.Congratulations! You are hired to work as economic advisor to His Excellency the Prime Minister of Xanadu, an imaginary country that suffers from a severe recession condition due to the Novel Coronavirus Pneumonia (COVID-19) pandemic. What are your recommendations for an urgent plan to rescue the economy of Xanadu? Specifically, what government policy actions are required? Explain to His Excellency the possible drawbacks of your recommended course of actions.The suitable combination of fiscal policy during the high risk of COVID-19 pandemic is I. increased government spending. II decreased government spending. III increased taxes. IV. decreased taxes. a.I and III b.II and III c.I and IV d.II and IV
- How Covid-19 pandemic affected on the Turkish economy and what economic policy does in this process?Discuss how Covid 19 has affected tourism in Ghana and suggest measures to boost the tourism industryThe COVID-19 pandemic has substantially affected the Canadian economy in several dimensions.As the Canadian governments, both federal and provincial, have issued various forms of “stay home”instructions, workers have to work from home. Working from home has two effects: firms are nowless productive and hence the current TFP z declines; labor supply N s(r) declines. In addition,consumers can only go grocery once a week and hence consumption demand Cd(r) declines for anylevel of interest rate and income. Answer the following question. Use a real business cycle model that we studied in Chapter 13 to analyze theimpact of Covid-19 in terms of output, employment, consumption, investment, wage, interestrate, money demand, and price. Make sure you show three figures: A figure illustratingthe goods market, a figure illustrating the labor market, and a figure illustrating the moneymarket. (In this question we assume that the change in output supply dominates the changein output demand, and the…