What type of fiscal policies would help move the economy

Assignment Help Macroeconomics
Reference no: EM13243409

An economy is in long-run macroeconomic equilibrium when each of the following aggregate demand shocks occurs. What kind of gap-inflationary or recessionary-will theeconomy face after the shock, and what type of fiscal policies would help move the economy back to potential output?

Reference no: EM13243409

Questions Cloud

Explain a sample of argon gas : A sample of argon gas collected at a pressure of 761 mm Hg and a temperature of 283 K has a mass of 32.2 grams. The volume of the sample is. answer in L please.
There are one large and two small car dealerships in a town : There are one large and two small car dealerships in a town. The large dealer begins selling cars way below cost in an attempt to drive the small dealerships out of business. Once they are out of business, the large dealership knows it can raise pric..
How many moles of the substance are present : A certain substance has a mass per mole of 36 g/mol. When 319 J is added as heat to a 35.0 g sample of this material, How many moles of the substance are present
Explain desired to inflate a baggie with a volume : It is desired to inflate a baggie with a volume of 869 milliliters by filling it with hydrogen gas at a pressure of 0.847 atm and a temperature of 296 K. How many grams of H2 gas are needed? answer in g please
What type of fiscal policies would help move the economy : An economy is in long-run macroeconomic equilibrium when each of the following aggregate demand shocks occurs. What kind of gap-inflationary or recessionary-will theeconomy face after the shock
What type of inflation occurs if workers ask for higher wage : What type of inflation occurs if workers ask for higher wages and firms must raise product price in order to pay their workers?
When the wage rate increases individuals recognize that the : When the wage rate increases, individuals recognize that the opportunity cost of leisure has risen, choose to substitute labor for leisure, and thus offer to work more hours. This is called the
Describe a sample of oxygen gas collected at pressure : A sample of oxygen gas collected at a pressure of 0.623 atm and a temperature of 280 K is found to occupy a volume of 634 milliliters. How many moles of O2 gas are in the sample? answer in mol please
A small town in rural lowa has one large factory that employ : A small town in rural lowa has one large factory that employs the workers in the town.Major League Baseball is an example of what labor market model?

Reviews

Write a Review

Macroeconomics Questions & Answers

  Knowledge of aggregate demand and aggregate supply

Using knowledge of aggregate demand and aggregate supply, can you explain what happened in these two time periods?

  Exploration of economic data

The following table provides data about the economy in Argentina. Column A is the year, Column B is real GDP in billions of 2000 pesos, and column C is the price level.

  Most likely favored by management and labor

Which of these is most likely favored by both management and labor? An increase in wages or Cutbacks in health coverage due to rising health care costs

  Explain the long-run aggregate supply curve

A decrease in government spending will cause a(n) increase in the quantity of real domestic output demanded. decrease in the quantity of real domestic output demanded. decrease in aggregate demand. increase in aggregate demand.

  Explain what will happen to potential gdp

explain what will happen to real wage rate The real wage would decrease since there would be a larger working population. The real wage would increase as productivity increases.

  How would youl manipulate fiscal policy to improve economy

Miller, R.L. (2012). Economics Today, 16ed. Addison-Wesley. p. 295. In today's economy what fiscal policies would you implement? Right now our economy is in a recession, as a Keynesain Economist, how would youl manipulate fiscal policy to improve ..

  Economy current stage in the business cycle

Determine the economy current stage in the business cycle and support your answer with an article written within the last week from popular press or blog.

  Find the marginal utility functions

Find the marginal utility functions of the following utility functions: Plot the marginal utility functions. Indicate which of these functions appear to exhibit diminishing, constant or increasing marginal utility? 1. u(x,y) = 3x + 2y

  Absolute advantage and comparative advantage

Discuss how absolute advantage and comparative advantage differ? Kyle can read 20 pages of the economics in an hour. He can also read 50 pages of history in an hour. He spends 5 hours pre day studying. Draw Kyle's production possibilities fron..

  Evaluation of profitable investment

If you can borrow (and lend) money at an interest rate of 8 percent, will the investment be a profitable undertaking? Is the project profitable at an interest rate of 12 per cent? Provide numerical calculations in support of your answers.

  What condition must hold for argument to withstand criticism

According to an article in BusinessWeek Online, the company is not only the world's largest shipbuilder but also manufactures other industrial goods ranging from construction equipment and marine engines to building power points and oil refineries..

  Values of goods produced and included in gdp

Decide if the values of the goods produced are included in the 2006 GDP and explain your reasoning.

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!

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