1. If the president announced a plan to start a war on Iran, this would a. shift the LRAS to the right b. shift the Agg D curve to the right c. shift the LRAS to the left d. answers b or c might be true
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- 1. Differentiate policy action from policy result.Show, using the AD/AS model, how governments can use monetary policy to decrease the price level.18. Which of the following policies is not classed as a stabilization policy? 4) A policy aimed at reducing unemployment. b) A policy aimed at reducing the number of people in poverty. C) A policy aimed at reducing the rate of inflation. d) A policy aimed at shifting the production possibility frontier outwards. 19. Which of the following statements is a positive statement? a) Bankers' bonuses should be taxed. D) The eurozone ought to allow member countries in difficulty to stop using the euro and use currencies of their own instead. c) One of the largest industries in the UK is the financial services industry. d) The UK government ought to split up some of the largest UK banks to promote more competition in the banking industry. 20. Suppose you buy Economics book by Abigail Padi. What is the opportunity cost of your purchase? a) The money you paid for the book. b) Whatever you would have spent the money on if you had not bought the book. c) The cost of producing the book. d) The time…
- 1. What are so-called heterodox adjustment programs? Are they a sound long-term approach? 2. Use the IS/LM/BP graph to illustrate the effects of a revaluation. Show the fiscal and monetary policy changes that would make it more likely that a revaluation will succeed in eliminating a payments surplus.i will both answers urgent 5 upvotesdirections:Use the given scenarios and the information you have learned about Fiscal and Monetary policy to complete the questions that follow Over the past 3 years, prices in Belarus have risen by 4%, as overall economic growth has increased by 5% while unemployment rates are 1.3%. Aram is finding that all goods, even necessities cost more at the stores. He is worried he may have to cut back on certain purchases. Congress and the President also notice this change in the economy and decide to take steps to correct it. They can use their 2 tools in the following ways: a. What will the federal government do to taxes? b. What will the federal government do to government spending? c. What impact will this have on consumer spending?
- As you have learned in Unit 8 (this week), monetary and fiscal policy play important roles in economic stimulation and or stabilization. In this regard: a. When is it appropriate to use monetary and fiscal policy to stimulate or stabilize the economy? b. When is it inappropriate to use monetary and fiscal policy to stimulate or stabilize the economy? c. What specific fiscal policy tools would you use to stimulate aggregate demand and how? d. What specific monetary policy tools would you use to stimulate aggregate demand and how? e. What is your conclusion, should policymakers use the monetary and or fiscal policy to stimulate aggregate demand? Explain briefly.Suppose you are the president of a hypothetical economy. You have to fix healthcare and run the automobile industry . But Swine flu is breaking all over. a) We know that the economy also suffers from sour expectations about future productivity. Represent in a neatly drawn ISLM figure that, all else equal, those expectations, in conjunction with the flu outbreak described in part A above, could result in a decline in GDP and a decline in real interest rates without any change in the price level. b) Why do prices not rise in the scenario described in part A?In the short run, expansionary monetary or fiscal policy is expected to O increase; decrease. inflation and output. increase; increase. decrease; decrease. O decrease; increase.
- A. Draw the baseline long run steady state equilibrium. Suppose this equilibrium existed in September of 2021 B. Suppose the Federal Reserve undertakes expansionary monetary policies after September of 2021. What will happen to the output, employment and price level in the economy in December 2021 (assuming that monetary policies take a few months to show results) ? How will you change your graph in response (you need to show a shift of some curve)? C. Will you let market adjustment work? Show on the graph how market adjustment will affect the economy in May 2022 compared to where the economy was in December 2021?If Brexit measures and Covid-19 restrictions result in a recession then how can the UK government and Bank of England fix this with both fiscal and monetary policy?the economy has entered a recession. what are two fiscal and two monetary policy actions that could be used to help with the the recession give and explanation on what each one does