Entries by Hannah Wangui

The restaurant industry is highly competitive.

November 27, 2020 in /by

The restaurant industry is highly competitive. The pandemic has likely reduced the demand for restaurant meals. It has also likely raised the fixed costs of a typical restaurant (because owners have needed to reconfigure seating and install new ventilation systems). a)What will these two developments do to the equilibrium price and quantity in the market […]

 

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If GDP is below Potential GDP by $200 million, what can the government do to restore equilibrium?

November 27, 2020 in /by

1)     If GDP is below Potential GDP by $200 million, what can the government do to restore equilibrium? 2)      As per Neoclassical theory what can stimulate the progress of the economy? 3)     When given the Aggregate demand and the Aggregate supply, which one shift and by how much in the short run? 4)      If an economy is at potential […]

 

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 If Ricardian equivalence exists in an economy, then if budget deficit goes up by 100 what happens to savings?

November 27, 2020 in /by

1)     If Ricardian equivalence exists in an economy, then if budget deficit goes up by 100 what happens to savings? 2)     In an example, be able to figure out what is the result of a price ceiling. 3)     In face of high consumer confidence what factor and how can it shift the AD? 4)     When shown the graph of […]

 

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Given a situation, know how Aggregate Demand curve changes.

November 27, 2020 in /by

1)     Given a situation, know how Aggregate Demand curve changes. 2)     Know how to determine the Opportunity Cost from a PPF curve. 3)     What is allocative Efficiency? 4)     Given an example, know the difference between comparative advantage and absolute advantage. 5)     What are the goals of the AD-AS model?   Looking for a Similar Assignment? Order now and Get 10% […]

 

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