User Account

All Pages

Explain the phases of a business cycle

Assignment Help Macroeconomics
Reference no: EM131380613

Answer the following with 100 words or more:

1. Explain whether each of the following events will increase, decrease or have no effect at all on the long run Aggregate Supply:

a. Another "Katrina" damages the Pacific Northwest of the United States.

b. The minimum wage has been increased to $15 per hour.

2. Give some real world examples of the following theories:

a. Sticky Wage

b. Sticky Price

c. Misperception

3. a. Explain the phases of a business cycle. In what cycle are we in today? Please explain.

b. How did the recent Great Recession influence macroeconomic thinking?

4. a. What is your understanding of Keynesian Economics? What were Keyne's contributions that led to what we call today, the Keynesian model?

b. How is the slope of the AD (Aggregate Demand) curve determined?  What about the slope of AS (Aggregate Supply)?

Reference no: EM131380613

Questions Cloud

As you examine the lists of top issues-do any surprise you : As you examine the lists of top issues, do any surprise you? Why or why not?For the specific concerns listed by respondents, further down the page, of the top three overall issues think about how both leadership and management have a role to play.
Determine the appropriateness of peer-reviewed literature : Identify a research topic and describe why it can and should be studied. Determine the appropriateness of peer-reviewed literature to support research topics.
Original phillips curve-expectations-augmented philips curve : Explain and discuss the difference between the original Phillips curve and the expectations- augmented Philips curve. Why did the original Phillips curve relation break down in the early 1970s? What are the policy implications of the non-accelerating..
Would increase or decrease attractiveness of investment : For the Iron Pit example, suppose that during year 1 Iron Pit would gain 2,000 new customers, but each year the number of new customers dropped 10 percent. Would this increase or decrease the attractiveness of the investment.
Explain the phases of a business cycle : Explain the phases of a business cycle. In what cycle are we in today? Please explain. How did the recent Great Recession influence macroeconomic thinking
Verify that the curve described by the vector valued : Verify that the curve described by the vector valued function r(t) = {sin2 t, sin t cos t, cos t} lies on the sphere described by the equation x2 + y2 + z2 = 1
How sensitive the attractiveness of the investment : Use a one-way Data Table to analyze how sensitive the attractiveness of the investment is to a change in the assumption that working capital = 10 percent of annual revenue.
Expansionary monetary policy would consist : Expansionary monetary policy would consist of. Which would shift the short run aggregate supply curve to the? left? Which would NOT shift the long run aggregate supply curve? outwards? In the aggregate supply and demand? model, in long run equilibriu..
Determine the value of a customer who last purchased product : Determine the value of a customer who last purchased the product last month, two months ago or three months ago. Assume profi ts are discounted at 1 percent per month.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd