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- What is worst recession in France in terms of magnitude?AD-AS (aggregate demand/supply) Changes What things cause aggregate demand to shift? Why does each cause AD to shift? What things cause SRAS (short run aggregate supply) to shift What things cause LRAS (long run aggregate supply) to shift What graph/model does this relate to?What happens when firms and workers underestimate future prices in the economy. On what would happen to actual output as opposed to the expected potential output.
- When the economy is weak, fear of losing jobs cause consumers to cut back on spending. True FalseWhat caused the Great Recession of 2008 in the United States?You are the chair of the Malaysian Economic Council. There has been an extremely hot weather due to a climate change. As a result, crop production has fallen drastically. The Prime Minister’s office calls you to discuss the impact on the economy. Would you explain to the Prime Minister that a sharp drop in Malaysia’s crop production would cause inflation, unemployment or both? Discuss.
- How an exogenous increase of Mexico’s GDP will influence U.S. aggregate demand and GDP.What prediction can you make about the inflation when a country is in war? Write your answer with the help of aggregate demand and aggregate supply. (90 words if possible)Is it possible to graph this situation through aggregate demand and supply? I know this causes changes to inflation but does it affect supply or demand?
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