What is macro economics describe briefly?

Q: What is macro economy?

A: In economics, choices arise because of the presence of scarcity. There are limited resources in an…

Q: What is the macroeconomic policy and how does it impact the United States and the world?

A: Macroeconomics is the study of the subject economics but at an aggregate level. The study of…

Q: Show and explain by using a graph, what will happen to the price level and real GDP if the quantity…

A: The economy is in equilibrium E initially. The real GDP is Y and the price level is P. The price…

Q: What is stagflation? Explain by using AD-AS model and graph

A: Meaning of Stagflation: The term stagflation is a somewhat extended version of inflation, under…

Q: c. How will the shift in AD affect the original output, price level, and employment?

A: The curve that depicts various quantities of goods and services beings demanded at various levels of…

Q: Which of the following did the United States undertake to migitate the Great Recession ?

A: The great recession would result in the situation of a lower GDP and a lower price level. The great…

Q: Discuss the 4 components of aggregate demand?

A: Aggregate demand (AD): - It is the total demand of goods and services in an economy at a particular…

Q: What is the long run aggregate supply curve

A: An aggregate supply curve shows the relationship between the output produced in an economy and the…

Q: The slope of the AD curve:(a) Why does the AD curve slope downward?

A: ANS The Aggregate Demand (AD) curve is the curve that represents how the quantity of total demand of…

Q: Make a graph that shows where Indonesia currently is on the business cycle. Can you also include an…

A: The economies around the world work according to the changes in the changes in their consumption…

Q: What is the role of daynamic in macroeconomic? What are the diffrence between static and daynamic?

A: Macroeconomic refers to the branch of economics that provides information about the overall…

Q: If the government passes a law to increase all wages in an economy by 10%, what happens to the SRAS…

A: A typical short-run aggregate supply curve (SRAS) is an upward sloping curve depicting the…

Q: A policymaker claims that tax cuts led the economy out of a recession. Can we use the AD/AS diagram…

A: A reduction in the tax rate will increase the AD, because individuals will have more money in their…

Q: Define stagflation?

A: The persistent increase in the price level is known as the inflation. Inflation is worrisome for the…

Q: Is Say’s Law or Keynes’s Law a better macroeconomic perspective for our economy ? Explain.

A: Macroeconomics is the division of economics that talks about the economy as a whole. In this, the…

Q: Which of the following could explain the shift shown in the graph above form AD to AD'? (Check all…

A: Here the aggregate demand curve shift left ward.

Q: Derive AD curve using Y=AE and show the shifts of AD curve.

A: The aggregate demand (AD) curve indicates the negative relationship between the price level and…

Q: Use an IS curve and an MP curve to derive graphicallythe AD curve

A: The IS curve expresses the equilibrium in the goods market. It is a negatively sloped curve that…

Q: Briefly define the terms in 30 to 50 words each: 1: Stagflation, 2: Depression and 3: Recession

A: Business cycles are characterised as periods of economic expansion followed by periods of economic…

Q: Briefly describe the difference between a so-called real business cycle and a more traditional…

A: Many regions of the world have experienced macroeconomic instabilities such as the Great Depression…

Q: Define the term economic recession?

A: Economic recession is common in capitalist economy. It is an important part of ‘Economic trade…

Q: explain to me these periods in the market cycle: Boom, Bust, and Recovery.

A: Boom-and-bust periods are characteristics of business growth during the economic boom and business…

Q: What macro economics

A: Meaning of Economics: The term economics refers to the situation under which there remain…

Q: What are the three key facts about economic fluctuations? Explain briefly.

A: Economic Fluctuations are the changes in the economy due to natural or artificial changes occurring…

Q: An economist for the ruritanian ministry of economy recommends a tax to households of 20 billion.…

A: The aggregate demand(AD)-aggregate supply model is used to determine the equilibrium output level…

Q: Inflation is increasingly becoming a concern among economists. One of the heads of Bank of America…

A: The aggregate demand is downward sloping and aggregate supply is upward sloping. They come together…

Q: what is the importance of aggregate demand?

A: Aggregate Demand refer to the sum total of income that the seller or producer expect from the sales…

Q: Briefly explain the reason for the near-vertical shape of the SRAS curve on its far right.

A: SRAS is the short run aggregate supply curve which depicts the relationship between the price(P) and…

Q: Explain macro economics

A: Microeconomics and macroeconomics are  two different forms of economic analysis. Individual and…

Q: i came across the equations of Aggregate Demand and Aggregate Expenditure where both AE;AD=…

A: The aggregate demand (AD) is the total demand for goods and services in an economy during a…

Q: What are some examples of changes in the economy that would lead to a movement along the IS curve?…

A: IS Curve shows relationship between interest rates and output level in the economy.

Q: What factors cause Stagflation?

A: please find the answer below.

Q: , which expenditure level will result in a recessionary ga

A: When the actual production in an economy is less than its potential production it is called as…

Q: Briefly analyse the impact on an economy of a prolonged period of deflation

A: We can define deflation as a reduction in the overall level of prices in an economy.

Q: How is the natural rate of unemployment illustrated in an AD/AS model?

A: The natural rate of unemployment depicts the lowest rate of unemployment whereby there is either…

Q: To what degree are fluctuations in the business cyclepredictable?

A: The business fluctuations include depression, recovery, boom and recession. The new Keynesian…

Q: Discuss in detail the macroeconomic circular flow diagram. Provide a diagram to help with your…

A: We can describe macroeconomic flow by the following diagram,

Q: Consider the graph below Suppose that the economy is at point A Price Level LRAS SRAS AD Y (GDP)…

A: Below is the edited graph:

Q: What is the short run aggregate supply curve

A: The short run aggregate supply curve is an upward loping curve, because quantity supplied is…

Q: What does aggregate demand include? the demand for intermediate goods and final goods the demand for…

A: Disclaimer: “Since you have asked multiple questions, we will solve the first question for you. If…

Q: What is the best formula to measure recessionary gap?

A: The long-run macroeconomic equilibrium in an economy is determined by the aggregate demand and…