Principles of Macroeconomics Plus MyLab Economics with Pearson eText (1-semester access) -- Access Card Package (12th Edition)
12th Edition
ISBN: 9780134424026
Author: Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher: PEARSON
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Chapter 12, Problem 3.4P
To determine
Identify the effects of mild monsoon season on the rice crop in India.
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Use the model of aggregate demand and short-run aggregate supply to explain how each of the following would affect real GDP and the price level in the short run.
an increase in government purchases
a reduction in nominal wages
a major improvement in technology
a reduction in net exports
Use the model of aggregate demand and short-run aggregate supply to explain how each of the following would affect real GDP and the price level in the short run.
a reduction in government purchases
an increase in nominal wages
a major improvement in technology
imposing in tariff barriers to imports
Q. 2
Using the aggregate demand and aggregate supply model, explain the effects of the following on price and real income in Malaysia.
Bank Negara Malaysia sells government bonds.
Foreign labours are leaving Malaysia.
Interest rate has been increased.
Chapter 12 Solutions
Principles of Macroeconomics Plus MyLab Economics with Pearson eText (1-semester access) -- Access Card Package (12th Edition)
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