According to aggregate demand and supply analysis, the rising oil prices coupled with the global financial crisis in 2007-2008 caused the unemployment rate to aggregate output to OA. increase; decrease OB. increase; increase OC. decrease; increase D. decrease; decrease and the level of real

Describe the full employment macroeconomic equilibrium in the As-AD model. what would happen on the AS-AD model of the government put forward and pass 2 trillion dollarinfrastructure plan?what has happened to the equilibrium output and price level ?what gap would be created ?how does the economy respond to this gap? what has happened to the equilibrium output and price level due to part five?

Suppose the economy of Hawkland is initially at full employment. Currently real GDP is $20 trillion, theprice level is 120, the money wage is $36/hour, the full employment quantity of labor is 300 billionhours per year, and the current unemployment rate is 6%. Draw a fully labeled graph depicting the aggregate goods and services market in Hawkland.Be sure to label all axes and include numerical values for variables on the axes where relevant. Providea brief explanation to the side and show any necessary calculations. Label any relevant curves with azero (0, for example: AD0) and use a zero in a circle to clearly label the initial equilibrium

Suppose the economu is operating at less than full employment. an increase in aggregate demand will result in: A. An increase in the general price level and perhaps an increase in the general price level B. A decrease in the general price level and perhaps a decrease in aggregate demand  C. An increase in aggregate output and perhaps a decrease in the general price level  D. An increase in the general price level and perhaps a decrease in aggregate output

Most economists reason that an economy adjusts to inflationary and recessionary gaps slowly because are fixed in the short run. Consumer preferences Тахes Wages Supplies of most of the inputs

Suppose the economy is self-regulating, the price level is 132, the quantity demanded of RealGDP is 4 trillion, the quantity supplied of Real GDP in the short run is 3.9 trillion, and thequantity supplied of Real GDP in the long run is 4.3 trillion. Is the economy in short-runequilibrium? Will the price level in long-run equilibrium be greater than, less than, or equal to132? Show the relevant graph and explain your answers.

According to aggregate demand and supply analysis, the rising oil prices coupled with the global financial crisis in 2007-2008 caused the unemployment rate to aggregate output to OA. increase; decrease OB. increase; increase OC. decrease; increase D. decrease; decrease and the level of real

Which of the following would cause a decrease inthe short-run aggregate supply curve (SRAS)?a. An increase in oil pricesb. An advance in technologyc. An increase in the CPId. An increase in the long-run aggregate supplycurve (LRAS)

What is the contractionary phase of the business cycle characterized by? O reduced output and increased unemployment increased output and increased unemployment reduced output and reduced unemployment increased output and reduced unemployment

Describe the behavior of consumption, investment, labor, productivity, wages, the price level and the money supply over the business cycle both in terms of correlation, magnitude and lead vs lag. Give the economic intuition of the results on consumption, investment, produc- tivity, wages and price levels. [Note, I am looking for the correlation between each of these items and income. Give leads and lags only when the most important correlation is not contemporaneous. You may trust the author of the book on this one.]