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Assume that the aggregate demand for fish is given by Q = D(P), where P is the price of fish. How will the price and quantity of fish be determined in equilibrium?
Problem: Why can output rise "without inflation" in the "Keynesian" range of the aggregate supply curve?
Use autonomous spending and the multiplier to calculate the equilibrium level of real GDP demanded.
Problem: Under what circumstances would a rise in aggregate demand have little effect on real national income?
Now let the government pursue a policy of holding the money supply constant at 500, and spending G = 300. What will be the level of income and the rate of interest?
(1) How would higher duty on softwood lumber affect the equilibrium income and the price level in the short run? (2) How would higher duty on softwood lumber affect the equilibrium income and the pr
Explain in detail why the aggregate demand curve slopes down. Specify how your explanation differs from the rationale behind the downward sloping demand curve for a single product?
Write a paper describing my assessment of the current aggregate demand and aggregate suppy curves; my prediction and prescription for the near future. sources must be sited.
Would each of the following increase, decrease, or have no impact on the ability of open-market operations to affect aggregate demand? Explain your answer.
Problem: A classical economist spends a good deal of time worrying that:
Question 1: Any point to the left and below the IS-curve means that :
Problem 1: Aggregate supply reflects billions of production decisions made by:
What is the short term economic outcome if price levels in the US increase and consumers buy less output as a result?
a) Describe the effect of this development on the demand for pollution rights. b) What is the effect on the price and quantity of pollution under each regulatory system? Explain.
If the agency is correct about demand, what is the short run competitive price for rental apartments in this market? What is the price elasticity of demand?
Using an aggregate supply/demand framework to help your argument, please explain how the action will in theory impact business investment and economic growth in the involved economies?
Using aggregate supply and aggregate demand analysis, explain what effects, if any, the following changes have on each nation's Price Index and real GDP. Explain and show with appropriate supply &am
Hurricane Katrina was a natural disaster that would have had an impact in the US economy. What effect would Hurricane Katrina have on aggregate demand or aggregate supply, other things being constan
Do all government purchases have the same effect on aggregate demand? Defend your answer with economic reasoning.
What is the expended change to gross product and the price level likely to be in the short run? How can this be illustrated by an aggregate demand and supply model?
Consider a macro model that has both a consumption function that depends on lagged income (Like Freidman's permanent income equation) and an investment equation that depends with a lag, on changes i
Consider the relationship between monetary policy and the financing of the deficit. a) Suppose that the reserve ratio r is =0.1, and the currency ratio c =0.2. Assume that G - T +F = $200billion.
Suppose you earn $1,800 at the beginning of each month from your part-time job. Initially you cash your entire paycheck and spend your money evenly throughout the month. A. What are your average cas
Problem: Thinking of an incident that has impacted our economy, try to see if it affected aggregate demand or aggregate supply. Which of these curves shifted? How can this be corrected through Fisca
Use an aggregate demand (AD) and aggregate supply (AS)model (short run model) to analyze this problem. Do not use a different model. Use AD & AS.