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Topic: The AS/AD Model, and using this model to explain macro volatility. Readings: McT (2013) Chapters 24 and 26.1. Explain whether each event changes the quantity of real GDP supplied, short-run aggregate supply, long-run aggregate supply, or a combination of these.a. Car-makers in Australia switch to a new technology that raises productivity.b. Toyota and Honda build additional plants in Australia.2. Explain whether each event changes the quantity of real GDP demanded or aggregate demand.a. Car-makers in Australia switch to a new technology that raises productivity.b. Toyota and Honda build new plants in Australia.3. The following events have occurred at times in the history of Australia:• The world economy goes into an expansion.• Australian businesses expect future profits to rise.• The government increases its expenditure on goods and services in a time of war or increased international tension.a. Explain for each event whether it changes short-run aggregate supply, long-run aggregate supply, aggregate demand, or some combination of them.b. Explain the separate effects of each event on Australian real GDP and the price level, starting from a position of long-run equilibrium, and assuming ceteris paribus.c. Explain the combined effects of these events on Australian real GDP and the price level, starting from a position of long-run equilibrium and assuming ceteris paribus.4. After you have studied Reading Between the Lines on pp. 562-63 of the textbook, answer the following questions.a. What are the main features of the Australian economy in the second quarter of 2011? b. Did Australia have a recessionary gap or an inflationary gap in 2012? How do you know?
use stata to analyze the data listed in the file anovadata.xlsx. the data are changes in fat-free mass in women after
You’ve recently learned that the company where you work is being sold for $275,000. The company’s income statement indicates current profits of $10,000, which have yet to be paid out as dividends.
Cause the aggregate demand curve to shift to the right
The clinic has hired an efficiency expert to examine its operations and make suggestions for reducing costs.For some of the medical procedures done at the clinic, experienced nurses can perform the medical tasks approximately
explain why purchasing power parity ppp works better in the long run than in the short run. your 200 word answer
Clearly label the size of the profit
In economics, when you plot cost and revenue on the Price-Quantity axis, the profit maximization condition is when marginal cost is equal to marginal revenue. This is a crucial notion to understand. Without it one cannot effectively analyze profits. ..
Machine A was purchased three years ago for $10,000 and had an estimated market value of $1,200 at the end of its 10-year life. Annual operating costs are $1,100. The machine will perform satisfactorily for the next seven years.
Supply and Demand Concepts
what do you think is the best solution to the obesity epidemic? what roles can the food and restaurant industries, trial attorneys, government policymakers and regulators, and individual consumers play in a solution, if any
1. consider the public good model of the two flatmates and tv with the initial wealths w1 w2 100.a suppose the tv
according to the federal reserves federal open market committee 2011 the federal reserve controls the three tools of
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