Construct a diagram for the economy using AD, SRAS, and LRAS, where the economy has a SR equilibrium of Actual Unemployment = U = 8%, and with a Price Level = 98. (Assume the Natural Rate of Unemployment =5%) Label all curves, axis, and relevant equilibrium points using provided info.
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- Which of the following is an example of a macroeconomic indicator? A) The price of a specific product B) The income of an individual household C) The unemployment rate D) The sales of a particular company Don't use chatgpt or other ai tool. If you know correct answer then attempt if you gave wrong answer I will give 10 dislikes and more from my friends account( please step by step answer please)Which of the following is an example of a macroeconomic indicator? A) The price of a specific product B) The income of an individual household C) The unemployment rate D) The sales of a particular company Don't use chatgpt or other ai tool. If you know correct answer then attempt if you gave wrong answer I will give 10 dislikes and more from my friends accountWhich of the following is an example of a macroeconomic indicator? A) The price of a specific product B) The income of an individual household C) The unemployment rate D) The sales of a particular company Don't use chatgpt otherwise give 20 downvotes
- I need some help figuring out how to draw these graphs. Thank you Suppose the economy of Hawkland is initially at full employment. Currently real GDP is $20 trillion, the price level is 120, the money wage is $36/hour, the full employment quantity of labor is 300 billion hours per year, and the current unemployment rate is 6% Draw a fully labeled graph depicting the aggregate labor market in Hawkland.Be sure to label all axes and include numerical values for variables on the axeswhere relevant. Provide a brief explanation to the side and show any necessary calculations.Label any relevant curves with a zero subscript (ex: LS0) and use a zero in a circle to clearly label the initial equilibrium. Part 2- 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. Provide a brief explanation to the side and show any necessary calculations.Label any relevant curves…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 equilibriumHow is the natural rate of unemployment Illustrated in an AD/AS model?
- Economic Cycle Curves Construct the AD, SRAS, and LRAS curves for an economy experiencing (a) full employment, (b) an economic boom, and (c) a recession. What will happen in each case if it's only temporary? What will happen in each case if it's permanent? Can i get an explanation on thisWhat are the two biggest recessions in terms of length and magnitude from the graph, the shaded areas show recession and 2020 is not included? How does the unemployment rate react during the two main recessions you have identified? What was the level of the unemployment rate during the first and the last quarter of negative growth for those two recessions? why data for France for 1980s is not avaliable What do you conclude about the link between recession and the variation in unemployment?Aggregate macroeconomic equilibriums Please graphically display a graph for each and all the scenarios. You may draw the graph using any method you like, but your graphs must be legible. 1. Draw a short-run AD–AS graph showing the effect of a severe drop in stock prices that decreases households’ and businesses’ wealth. Indicate the effect on the equilibrium aggregate price level and equilibrium aggregate output. 2. Draw a short-run AD–AS graph showing the effect of a significant decrease in the world supply of oil. Indicate the effect on the equilibrium aggregate price level and equilibrium aggregate output. 3. Draw an AD–AS graph showing a recessionary gap. 4. Draw an AD–AS graph showing an inflationary gap. 5. Draw a graph illustrating short-run macroeconomic equilibrium. 6. Draw a graph illustrating long-run macroeconomic equilibrium.
- What industry sectors are most likely to add jobs during a down economy and an improving economy respectively? Are there employment sectors that are essentially unaffected by economic fluctuations?For the January 2020 Press Release, answer the following question. a. For Columns 2, 3, 5, 6 use the following scale to score each column: 1= Falling Sharply 2= Falling Moderately 3 = Holding 4= Rising Moderately 5= Rising Sharply b. For Column 4, decide whether the unemployment rate is low, high, rising, or falling c. For Column 7, decide whether the Target Rate is greater than 2% (>2%), 2, or less than 2% (<2%).Economic Cycle Curves Construct the AD, SRAS, and LRAS curves for an economy experiencing (a) full employment, (b) an economic boom, and (c) a recession. What will happen in each case if it's only temporary? What will happen in each case if it's permanent?