AD/AS Graph the impact of the aforementioned on the economy by shifting the appropriate curve(s). 1....
AD/AS
Graph the impact of the aforementioned on the economy by shifting the appropriate curve(s).
1. Suppose the US government has decided to expand its budget this year and spend on upgrading all of the main bridges in the eastern United states. Use the graph below to show the impact of the aforementioned on the economy by shifting the appropriate curve(s).
2. A favorable economic outlook is shared in an announcement in the news by the government. Consumers are now confident about the future strength of the economy and the availability of jobs; illustrate the effect of this on the American economy by shifting the aggregate demand (AD) curve in the appropriate direction.
Homework Answers
expansionary policy leads to higher budget deficits, and contractionary policy reduces deficits.
Government borror more, reduce saving that increase price
2)effect of America economic is aggregate demand shift right, America gdp increases
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AD/AS
Graph the impact of the aforementioned on the economy by
shifting the appropriate curve(s).
1....
AD/AS Graph the impact of the aforementioned on the economy by shifting the appropriate curve(s)....
AD/AS Graph the impact of the aforementioned on the economy by shifting the appropriate curve(s). 1. Suppose the US government has decided to expand its budget this year and spend on upgrading all of the main bridges in the eastern United states. Use the graph below to show the impact of the aforementioned on the economy by shifting the appropriate curve(s). 2. A favorable economic outlook is shared in an announcement in the news by the government. Consumers are now...
1.)Suppose a removal of a government regulation on the safety of goods produced in the US...
1.)Suppose a removal of a government regulation on the safety of
goods produced in the US cause foreigners to become less confident
about products made in America; illustrate the effect of this on
the American economy by shifting the aggregate demand (AD) curve in
the appropriate direction.
2.)
A favorable economic outlook is shared in an announcement in the
news by the government. Consumers are now confident about the
future strength of the economy and the availability of jobs;
illustrate...
1.)Suppose, the government is concerned about breaches in government data security and has decided to spend $1billio...
1.)Suppose, the government is concerned about breaches in
government data security and has decided to spend
$1billion
dollars on improving data security. Government will not cut
spending in other areas of the budget, so it will likely have to
issue new government bonds to finance this increase in government
spending. Use the graph below to show the impact of the
aforementioned on the economy by shifting the appropriate
curve(s).
2.)
Suppose the US government has decided to expand its budget...
8. Economic fluctuations I The following graph shows the economy in long-run equilibrium at the expected...
8. Economic fluctuations I The following graph shows the economy in long-run equilibrium at the expected price level of 120 and the natural level of output of $300 billion. Suppose the government increases spending on building and repairing highways, bridges, and ports. Shift the short-run aggregate supply (AS) curve or the aggregate demand (AD) curve to show the short-run impact of the increase in government spending. In the short run, the increase in government spending on infrastructure causes the price level to _______...
8. Economic fluctuations I The following graph shows the economy in long-run equilibrium at the e...
8. Economic fluctuations I The following graph shows the economy in long-run equilibrium at the expected price level of 120 and the natural level of output of $600 billion. Suppose a stock market boom increases household wealth and causes consumers to spend more. Shift the short-run aggregate supply (AS) curve or the aggregate demand (AD) curve to show the short-run impact of the stock market boom. In the short run, the increase in consumption spending associated with the stock market expansion causes the...
The following graph shows the short-run aggregate supply curve (AS), the aggregate demand curve (AD), and the long-run aggregate supply curve (LRAS) for a hypothetical economy
9. Economic fluctuations II The following graph shows the short-run aggregate supply curve (AS), the aggregate demand curve (AD), and the long-run aggregate supply curve (LRAS) for a hypothetical economy. Initially, the expected price level is equal to the actual price level, and the economy is in long-run equilibrium at its natural level of output, $120 billion. Suppose a bout of severe weather drives up agricultural costs, increases the costs of transporting goods and services, and increases the costs of producing goods...
The following graph shows the aggregate demand (AD) curve in a hypothetical economy. At point A,...
The following graph shows the aggregate demand (AD) curve in a hypothetical economy. At point A, the price level is 120, and the quantity of output demanded is $500 billion. Moving up along the aggregate demand curve from point A to point B, the price level rises to 140, and the quantity of output demanded falls to $300 billion. As the price level rises, the purchasing power of households' real wealth will _______ causing the quantity of output demanded to _______...
The following graph shows the economy in long-run equilibrium atthe expected price level of 120...
The following graph shows the economy in long-run equilibrium at
the expected price level of 120 and the natural level of output of
$600 billion. Suppose a sudden and severe contraction in the
housing market reduces the value of homes and causes consumers to
spend less.Shift the short-run aggregate supply (AS) curve or the aggregate
demand (AD) curve to show the short-run impact of
the housing market slump.In the short run, the decrease in consumption spending
associated with the housing...
Economics chart The following graph shows the economy in long-run equilibrium at the price level of...
Economics chart The following graph shows the economy in long-run equilibrium at the price level of 120 and potential output of $300 billion. Suppose several foreign economies experience severe recessions, causing foreign purchases of domestic goods and services to decline sharply. Shift the short-run aggregate supply (AS) curve or the aggregate demand (AD) curve to show the short-run impact of the economic turmoil abroad. Tool tip: Click and drag one or both of the curves. Curves will snap into position, so if...
1. Suppose natural resources increase, which curve(s) in an AD-AS graph shift(s) to which direction? 2....
1. Suppose natural resources increase, which curve(s) in an AD-AS graph shift(s) to which direction? 2. Steve owns a bike shop. He increases the size of his shop. This action is related to which factor of economic growth? ((1) natural resources; (2) physical capital; (3) human capital; (4) technology; or (5) institutions ) 3. When price level increases by 10 percent, how much does the quantity of long-run aggregate supply increase? Refer to the following figure to answer question 4...
1.)Suppose a removal of a government regulation on the safety of
goods produced in the US cause foreigners to become less confident
about products made in America; illustrate the effect of this on
the American economy by shifting the aggregate demand (AD) curve in
the appropriate direction.
2.)
A favorable economic outlook is shared in an announcement in the
news by the government. Consumers are now confident about the
future strength of the economy and the availability of jobs;
illustrate...
1.)Suppose, the government is concerned about breaches in
government data security and has decided to spend
$1billion
dollars on improving data security. Government will not cut
spending in other areas of the budget, so it will likely have to
issue new government bonds to finance this increase in government
spending. Use the graph below to show the impact of the
aforementioned on the economy by shifting the appropriate
curve(s).
2.)
Suppose the US government has decided to expand its budget...
The following graph shows the economy in long-run equilibrium at
the expected price level of 120 and the natural level of output of
$600 billion. Suppose a sudden and severe contraction in the
housing market reduces the value of homes and causes consumers to
spend less.Shift the short-run aggregate supply (AS) curve or the aggregate
demand (AD) curve to show the short-run impact of
the housing market slump.In the short run, the decrease in consumption spending
associated with the housing...
1. Suppose natural resources increase, which curve(s) in an AD-AS graph shift(s) to which direction? 2. Steve owns a bike shop. He increases the size of his shop. This action is related to which factor of economic growth? ((1) natural resources; (2) physical capital; (3) human capital; (4) technology; or (5) institutions ) 3. When price level increases by 10 percent, how much does the quantity of long-run aggregate supply increase? Refer to the following figure to answer question 4...
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