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Question 1: Explain two phases of the business cycle. Discuss the business cycle indicators. Explain why do changes in total spending cause the level of GDP to change? How does GDP gap relate to the actual GDP in a particular period?
Question 2: Discuss three ranges of the aggregate supply curve. Explain changes in the AD-AS macroeconomic equilibrium due to the shifts in aggregate demand and aggregate supply curves. Apply the AD-AS model to the two types of inflation.
Question 3: Explain the modern monetary policy implementation in Australia. Analyse how government can combat a recession using a discretionary fiscal policy.
Question 4: How is a country's exchange rate determined? Explain four important sources of shifts in the supply and demand curves for foreign exchange. What is the economic impact of exchange rate fluctuations?
To improve its standard of living, a nation’s economy must remain stable, grow through innovation or else.
Explain the differences and/or similarities between firms in pure competition market structures and firms in monopolistic competition market structure:
Explain how do these barriers to entry affect the price of tickest to professional sporting events also the number of tickets sold
Barney retired from the Marlin Corporation where he worked for 25 years. Barney elects to receive his retirement benefits as an annuity over his remaining life, resulting in annual payments of $15,000.
QUESTION 1: For demand function P = 24 - 6Q- QUESTION 2: The income consumption curve
Assume that each consumer in Will's town has the following yearly demand for wine Q = 100 - 2P. The cost to produce wine is C = 145 + 5Q. Will wants to start a wine club with an annual membership fee and a per bottle price. Local ordinances dict..
Elucidate economic influences which can affect the airline industry in a negative way.
Balance of payments identities. Recalling the balance of payments identity, CA + FA + ORT ≡ 0, answer the following questions. If CA > 0 and the central bank is neither accumulating nor decumulating foreign exchange reserves, what must be true abou..
A simple macroeconomic model of an economy is estimated at end of 2009 giving the following information:
question 1 consider the following function for the social welfare losswhere y denotes output y the target level of
How does the liquidity premium theory of the term structure of interest rates differ from the unbiased expectations theory? In a normal economic environment
What is the difference among a positive and a normative statement. Why do economists sometimes offer conflicting advice to policymakers.
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