a) Label the portions (A) thru (1) in the chart below. b) Draw/Explain the graphs that correspond to your answers in (A), (B), and (C). State of the Economy Unemployment What Do Rate vs. Natural We Call It? Unemployment State of the Labor Market Rate Real GDP < Natural Real (A) (D) (G) GDP Real GDP > Natural Real GDP (B) (E) (H) Real GDP = Natural Real (C) (F) (1) GDP
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- Question 1 The economy Is at full emplayment when A there are more unemployedbtworkers than vacancCIe Ball unemployment Is cyClical C there are no unemplayment wUorkers Dallemploymentis frietional and lor structabral Question 2 Structioral Unemployment Isassociated with A short -term unemployment B general down turns in the economY C the changing of jobs ina dynamic economy D the changes intechnology that change required Question 3 Real GDP Is adjusted for inflation ATrue B False Queston 4 Including discouraged workers in the calculation unemployment rate would JA increase the reported rate B lower the reported rate not change the reported rate D chunge the reported rate butin an unpredictatMaps Paraphrasing Tool ... New Tab ent - Sem 2 2022.pdf 2 / 3 G Report Grammarly 100% + + » What is the current environment in the USA and Australia? b) Define unemployment and its measurement. What is the current environment in the USA and Australia? c) Define inflation and its measurement. What is the current environment in the USA and Australia? Question 2 Assume that an economy is initially operating at the natural rate of output (full employment output). Use the AD-AS model to illustrate graphically the effects on price and output of a increase in government spending and an increase in the cash rate. Explain your assumptions with respect to the range of aggregate supply of your analysis. Question 3 Explain in detail the process of Monetary Policy transmission of an increase in the cash interest rate. Use relevant graphs to describe how a Central Bank's action on the interest cash rate ripple through the economy and lead to the target policy goal. (Three connected diagrams should…What 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?
- E Which of the following staternents is correct? The aggregate price level is a subject of concerm in microeconomics. a. b. A study of employment in the semiconductor industry would be categorized as a microeconomic study. The C. production and growth of output in the domestic economy is microeconomic concerm. d. Microeconomics is an in-depth study of aggregate economic behavior. Microeconomics includes the study of fiscal and monetary policies, or govermment policies designed to steer the economy in the right direction, е. ces O vi 6:59 9Please hep with this question ? That is attatched show how calcualtion was made thank you,What 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? What do you conclude about the link between recession and the variation in unemployment?
- The figure below depicts the economy of Altrua, which is presently in equilibrium. Enter your responses below rounded to one decimal place. Price level 340 360 380 400 420 440 460 480 500 520 Real GDP AS AD 60 LAS a. The size of its recessionary gap is $ b. The size of this gap as a percentage of its actual GDP is c. If the natural rate of unemployment is 3%, use Okun's law to calculate the amount of actual unemployment in Altrua The actual rate of unemployment is 15 %.Assume an economy operates in the intermediaterange of its aggregate supply curve. State thedirection of shift for the aggregate demandor aggregate supply curve for each of thefollowing changes in conditions. What is theeffect on the price level? On real GDP? Onemployment?a. The price of crude oil rises significantly.b. Spending on national defense doubles.c. The costs of imported goods increase.d. An improvement in technology raises laborproductivity.Suppose an economy can be represented by the folowing table, in which employment is in millons of workers and GDP and AE are expressed in billions of dollars: Employment 100 Real GDP Aggregate Expenditures 1275 1350 1425 1500 1575 1650 1200 105 1300 1400 1500 1600 1700 110 115 120 125 fut employment is 120 milion workers? What is its what kind of expenditure oap exists size? Suppose government spending, taxes, and net exports ane all independent of the level of rcal GDP. What is the multplier an ths economy? below the econemy's potential, what is the size of the recessionary expenditure qapt
- The Figure above shows statistics on Real GDP in Qatar ($billions) from 2012 to 2020, in addition to expectations for the year 2021 and 2022. a. What are the main conclusions you can draw regarding the evolution of Real GDP in Qatar between 2012 and 2020. Whatare the main factors that could have caused these changes?2.1 “The IS–LM model shows how national income is determined in the short run. The model cantherefore be used to examine how various economic disturbances affect income.” In terms of the above statement examine the impact of each of the exogenous events givenbelow on the national income/output level and employment level. For each of the events aspecific diagram (provided below) applies. Use the most relevant diagram to substantiateyour answer, for example, state, 2.1a). Firms in an economy become pessimistic about the future of the economy and thispessimism causes them to build fewer new factories. 2.1b). The election of a popular president increases consumer confidence in the economy. Thisinduces consumers to save less for the future and consume more today. 2.1c). Restrictions on credit card availability is reduced and the amount of money people choose tohold decreases.2.1 “The IS–LM model shows how national income is determined in the short run. The model cantherefore be used to examine how various economic disturbances affect income.” In terms of the above statement examine the impact of each of the exogenous events givenbelow on the national income/output level and employment level. For each of the events aspecific diagram below applies. Use the most relevant diagram to substantiateyour answer, for example, state, 2.1a. Firms in an economy become pessimistic about the future of the economy and thispessimism causes them to build fewer new factories. 2.1b. The election of a popular president increases consumer confidence in the economy. Thisinduces consumers to save less for the future and consume more today. 2.1c. Restrictions on credit card availability is reduced and the amount of money people choose tohold decreases.
