Strikes across a wide range of industries in South Africa in the first half of 2020 can be illustrated in the AD‐AS model as a: (a) Leftward shift of the AD curve; (b) Rightward shift of the AD curve; (c) Leftward shift of the AS curve; (d) Rightward shift of the AS curve.
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Strikes across a wide range of industries in South Africa in the first half of 2020
can be illustrated in the AD‐AS model as a:
(a) Leftward shift of the AD curve;
(b) Rightward shift of the AD curve;
(c) Leftward shift of the AS curve;
(d) Rightward shift of the AS curve.
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- Strikes across a wide range of industries in South Africa in the first half of 2020 can be illustrated in the AD‐AS model as a: (2) (a) Leftward shift of the AD curve; (b) Rightward shift of the AD curve; (c) Leftward shift of the AS curve; (d) Rightward shift of the AS curveStrikes across a wide range of industries in South Africa in the first half of 2020can be illustrated in the AD‐AS model as a:choose the correct answer(a) Leftward shift of the AD curve; (b) Rightward shift of the AD curve; (c) Leftward shift of the AS curve; (d) Rightward shift of the AS curveJapan is experiencing Inflation due to excess demand. Draw a correctly labled AS/AD model representing where the economy is relative to the Natural Rate of Unemployment
- Consider an AS AD diagram. What would happen in the model if Energy prices increased? Group of answer choices a. AD shifts right and prices increase while real GDP increases b. AS shifts left and prices increase while real GDP decreases c. AS shifts right and prices decrease while real GDP increases d. AD shifts left and prices decreases while real GDP decreasesn the AD-AS model, if there's a sudden increase in consumer confidence leading to more spending, what is the immediate expected impact on the Aggregate Demand (AD) curve? This is a multi answer question. You can select one or more options as the answer. A. The AD curve shifts to the left. B. The AD curve remains unchanged. C. The AD curve shifts to the right. D. The direction of the AD shift is unpredictableDraw and properly label an AD-AS model to show Keynesian, intermediate, and neoclassical zones (6%). Then, briefly explain the levels of unemployment, inflation and real GDP in each zone, and confirm whether or not goals of a macro economy are being achieved in each zone. (14%)
- Suppose the government sharply increases the minimum wage, raising the income of many workers. Determine the effects of this decision on the AD-AS model in the short and in the long run..Coronavirus pandemic and resultant shutdown measures to contain it have plunged the economies around the world including Singapore into severe contraction. Assuming Singaporean economy was in long run equilibrium in the aggregate demand and supply (AD-AS) model before the pandemic (and consequent shutdown) started, answer the questions below: Now assume that the contraction in the Singaporean economy is mainly driven by supply side factors, Show the short-run effects of this using the AD-AS model.Which of the following is Aggregate Demand (AD) directly related to in an AS/AD model? a) inflation, b) C + I + G + XN c) Government spending d(none of the above)
- Consider a standard AD-AS model. The economy is affected by the following sequence of events. In period 1 there is a shock to the economy that is temporary. In period 2, the shock ends. But having observed an inflation outcome different to the inflation target, inflation expectations change from the inflation target to a value exactly equal to the observed inflation in period 1 (that is, expectations are not `anchored’). A temporary positive demand shock would lead to output above potential in period 1, but below potential in period 2. Answer true or false. Please briefly explain your answer.Consider a standard AD-AS model. The economy is affected by the following sequence of events. In period 1 there is a shock to the economy that is temporary. In period 2, the shock ends. But having observed an inflation outcome different to the inflation target, inflation expectations change from the inflation target to a value exactly equal to the observed inflation in period 1 (that is, expectations are not `anchored’). A temporary Negative demand shock would lead to output below potential in period 1, but above potential in period 2. Answer true or false. Please briefly explain your answer.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.
