Government spending increases from G1 to G2. Which of the following diagrams best represent the change in the production possibility frontier of the economy? Y* Y*-G, Y*-G h-l h-l -G, -G, -G,
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- Exercise D25 What role does government play in stabilizing the economy and what are the tradeoffs that must be considered?Suppose we extend the circular flow model to add imports and exports. Copy the circular flow diagram onto a sheet of paper and then add a foreign county as a third agent. Draw a rough sketch of the flows of imports, exports, and the payment for each on your diagram.As technological change makes us more sedentary and food costs increase, obesity is likely. What factors do you think may limit obesity?
- Would you usually expect GDP as measured by what is demanded to be greater than GDP measured by what is supplied, or the reverse?Who in an economy is the big winner from inflation?Consider the following economy C= 1000 + 0 8YD T=0 25Y 1= 325 G= 225 X= 450 M=0 1Y Equilibrium GDP equals. a. 3500 3750 4000 3250
- Microsoft Word - (2)p macro HW 1 B AaBbCc AaBbCAaBbCcDc AaBbCcDc 2 ulgi 1 ülaue blout Production Year 1 Good X 50 Good Y 100 Prices ear! $1.20 S0.60 Year 2 Year 3 Year 1 $1.00 S0.60 Year3 S1.20 50 60 140 120 1-Assume that this economy produces onlytwo goods Good Xand Good Y. The value for this economy's nominal GDP in year lis 2- Assume that this economy produces only two goods Good l'and Good Y The value for this economy'snominal GDP in year 3 is 3-Assume that this economy produces only two goods Good l'and Good Y The value for this economy s nominal GDP in yea 4-Assume that this econonmy produces onlyt 1 is the base year. the value for this economy sre land Good Y If year 5-Assume that this economy produces only two goods Good land Good Y If year 1 is the base vear. the value for this economy's GDP deflator in vear 1 is 6- Assume that this economy produces only two goods Good.I and Good Y If year 1 is the base year. the value for this economy's GDP deflator in year 2 is 7- Assume…Need help with macro economic question!dont chatgpt i will 5 upvotes Which of the following economic news items suggests a less favourable environment for investment? Select one1: A. Rising interest rates B. The Government lowers personal income tax C. GDP growth has increased D. All of the conditions suggests a less favourable environment for investment E. All of the conditions suggests a more favourable environment for investment
- Refer to the diagram to answer the following: a. The movement from point A to point B represents: b. The movement from point B to point C represents: c. The movement from point A to point C represents Real GDP per hour Worked Y/L ($, 000) 1,000 900- 800- 700- 600- 500- 400 200- 100- Aggregate Production 0 ljuds 300-midifi E Tommyformemberit A 8 D 20 40 00 80 Capital per hour worked K/L (5,000) 100 O QAssume that an economy is operating inside its PPF Explain how you would use the PPF to measure the ocost to the economy of operating insidethe PPFHint: You should use the terms potential GDP and GDP gap in your answerEarly during the COVID-19 pandemic, the government used multiple stimulus packages to increase government spending. 3. Using the Z-Y, NX-Y, IS-LM, UIP combined graph on the next page, what should be happening as a result? Show the shifts on the graph itself. NN Z Z NN Y=Z Z c0- if f UI i pvt L M c1T+I+G+NX i10 y 45° if f if NK N Y Y f 0 Y X Y 0 Y 0 Y 20 NX N X E 0 E Y NX Fiscal stimulus