Entries by Hannah Wangui

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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For each of the following decide whether the statement is true, false, or uncertain and explain why. Your explanation is the important part of the answer.

November 27, 2020 in /by

5. For each of the following decide whether the statement is true, false, or uncertain and explain why. Your explanation is the important part of the answer. a. Monopoly leads not only to production occurring at less than the level where MB =MC, but also to misallocation of the good among consumers. b. Both moral […]

 

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