Questions from Macroeconomics

Q: Initially, the short-run aggregate supply curve is SAS0 and

Initially, the short-run aggregate supply curve is SAS0 and the aggregate demand curve is AD0. Some events change aggregate demand from AD0 to AD1. Describe two events that could have created this ch...

Q: Initially, the short-run aggregate supply curve is SAS0 and

Initially, the short-run aggregate supply curve is SAS0 and the aggregate demand curve is AD0. Some events change aggregate supply from SAS0 to SAS1 . Describe two events that could have created this...

Q: Describe the policy change that a classical macroeconomist, a Keynesian,

Describe the policy change that a classical macroeconomist, a Keynesian, and a monetarist would recommend for Canadian policymakers to adopt in response to each of the following events: a. Growth in t...

Q: You are given the following information about the economy of Australia:

You are given the following information about the economy of Australia: Disposable income………………………………….. Saving (billions of dollars per year) 0………………………………………………………………………….. 0 100……………………………………………………...

Q: You are given the following information about the economy of Australia:

You are given the following information about the economy of Australia: Disposable income………………………………….. Saving (billions of dollars per year) 0………………………………………………………………………….. 0 100……………………………………………………...

Q: Gains in stock markets and increased house prices boosted Canadians’ wealth in

Gains in stock markets and increased house prices boosted Canadians’ wealth in the first quarter of 2014. On a per capita basis, household wealth rose to $222,600. Statistics Canada also reported that...

Q: The spreadsheet lists real GDP ( Y ) and the components of

The spreadsheet lists real GDP ( Y ) and the components of aggregate planned expenditure in billions of dollars. Calculate autonomous expenditure. Calculate the marginal propensity to consume.

Q: The spreadsheet lists real GDP ( Y ) and the components of

The spreadsheet lists real GDP ( Y ) and the components of aggregate planned expenditure in billions of dollars. a. What is aggregate planned expenditure when real GDP is $200 billion? b. If real GDP...

Q: On January 27, 2009, the government announced a stimulus package

On January 27, 2009, the government announced a stimulus package, which included $12 billion earmarked for infrastructure—the construction of roads, bridges, public transit, broadband Internet access,...

Q: Matching people with available jobs is always difficult after a recession as

Matching people with available jobs is always difficult after a recession as the economy remakes itself. But labour market data suggest the disconnect is particularly acute this time. Since the recove...