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Question 4: AS/AD Graph Short Run Illustrate the short run part (3) via an AS / AD diagram
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- Input Quanity 100 150 200 Real domestic output 200 300 400 The table gives information about the relationship between input quantities and real domestic output in a hypothetical economy. If the price of each input is $12, the per-unit cost of production in the economy is?[c] In Alpha country, an economist obtains the following data: Year Output (USD million) Price Level Technological Progress 1990 10 100 Beginner 2000 20 120 Intermediate 2010 30 140 Advanced Evaluate the economy's long-run trends in Alpha country! Your response must use AD- AS analysis![5th_item] *problem situation in the photo below* Required: What do you tell your boss (estimate of the number of additional workers in Manila who would lose their jobs as a result of a higher minimum wage)?
- I am having some trouble understanding how to graph the LRATC curve for the chart in this questionSuppose you are given the following information about an economy: Short run Aggregate Supply: SRAS = Y = 5000r+ 14,400 Long run Aggregate Supply: Aggregate Demand: Investment Spending: Consumption Spending: Government Spending: Net Exports (eX – iM): LRAS = Y* = 25,000 AD = Y=C+I+G+NX_ I = 4000 – 250r C = 1000 +0.75(Y – T) G = 2000 NX = 500 Taxes – Transfers: T = 2400 Monetary Policy: Money Demand: Money Market equilibrium: Fisher equation: where i is the nominal interest rate (i.e. when the interest rate is 7%, it means i= 7) r = 2 n м 3 20,000- 2000i M$ = MD i = r+T e. Find the short run equilibrium level of real GDP (Y), and inflation rate (t), in the short run. What is the output gap in the economy? Is it an expansionary or recessionary gap?i need help with these questions macroeco 14
- Question: Suppose that the marginal cost of extracting a non-renewable natural resource is MXC(Q) = 10 and the marginal beneÖt of using the resource are MB(Q) = 90Q. In the context of a static model, address the following question: Calculate the efficient value of Q if the total stock of the natural resource is Q = 50: Provide a graphical representation of the solution. My Note: This is my first time resubmitting, I was told to confirm that MXC(Q) =10 is the correct form of the Marginal cost of extraction to answer this question correctly. I'm not sure but this is the way my professor asked his question.onsider the economy described by the following equations: C = 1,600 + 0.9 (Y – T) I p = 800 G = 1,600 NX = 200 T = 1,600 Y* = 29,000 a. Complete the table shown below to find short-run equilibrium output. Consider possible values for short-run equilibrium output as they are given in the table below.Instructions: If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. OutputY Planned aggregate expenditure (PAE) Y – PAE Y = PAE? 27,200 (Click to select) Yes No 27,400 (Click to select) No Yes 27,600 (Click to select) No Yes 27,800 (Click to select) No Yes 28,000 (Click to select) No Yes b. Short-run level of equilibrium output: c. What is the output gap for this economy? Instructions: If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. The actual unemployment rate should…Economic On April 27, 2023, the U.S. Bureau of Economic Analysis (BEA) released the data on GDP growth for the US economy for the first quarter of 2023 and revealed that the economy grew sluggishly by only 1.1 percent. Based on this report, suppose the U.S. consumers and businesses start to become pessimistic about the direction of the economy and eventually cut consumer and business spending, analyze using the IS-LM and AD-AS frameworks the short and long-run effects of such a shock on prices, output, and real interest rate.
- Question 01 Due to COVID-19 situations the oil prices fall in international market. Let’s assume that output starts at its natural level. What happens to the country A's economy (output and price) in the short run? Explain your answer using AS-AD graphs.Using graphical illustration of AS-AD framework, show the effects of following events on real output and price level in the economy.( D) The government raises taxes by $100 billion. (E) Government announces an interest rate cut to encourage business investment.Real-Time Data Analysis Exercise The following table contains data from FRED" on the consumer price index and the nominal average hourly wage for production and nonsupervisory employees in the private sector for May of 2012 and 2022 Average Hourly Nominal Wage Month/Yr May/2012 May/2022 Month/Yr May/2012 May/2022 *Real-time data provided by Federal Reserve Economic Data (FRED), Federal Reserve Bank of Saint Louis When the nominal wage increases, workers know that their buying power (over goods and services) is unambiguously higher. This claim is false Using the data recorded in the preceding table, complete the following table by computing the value of the real average hourly wage (for private production and nonsupervisory employees). $19.68 $27.33 Consumer Price Index 229.8 292.3 Average Hourly Real Wage $8.56 $9.35 Over the ten-year interval under examination, the average hourly nominal wage changed by 38.9% and the real average hourly wage changed by%. (Enter your sponse rounded to…