(b). Using the economic fluctuations graph³, assume your country is initially in long- run equilibrium. How did the event shift your graph away from long-run equilibrium? Explain which specific factor(s)4 shifted AD, SRAS, or both, and how they're related to your event and country. Make sure you explain mention how price and quantity changed.

Q: How are low fuel prices affecting countries which are dependent on fossil exports?

A: The changes in oil prices also affect the demand and supply of all other goods. Therefore, the…

Q: Why carbon offsets should not be allowed to be used in cap-and-trade markets?

A: Carbon offsets: Carbon offsets can be considered as making an investment in projects like investing…

Q: Explain how the covid -19 virus pandemic has affected  the united states economy.

A: Covid-19 stands for Coronavirus Disease which started in 2019. This diseases has affected most of…

Q: Based on the late 20th century predictions of proven resources, the world's oil productions should…

A: The predictors believes that when first found the oil, the people will increase the consumption,…

Q: The demand for domestic goods exceeds the domestic demand for goods when X IM/€

A: Demand for domestic goods = C + I + G + X - IM/e Domestic demand for goods = C + I + G Where C is…

Q: If the world price of a good is lower than its domestic equilibrium price, the country will:

A: when the domestic price of the good is higher than world price, opening of free trade will result in…

Q: Countries with the highest ratios of trade to GDP, calculated as (imports + exports)/2, tend to…

A: b Highest gains from trade   Trade-to-GDP ratio is refer to the indicator in the relative…

Q: What will happen if the government shuts down, will gas prices go up?

A: Yes, the prices of the gas will definately be affected if the government shut downs.Since, it is the…

Q: does canada need additional unemployment insurance payments to workers who are laid off because of…

A: Introduction The global economy is becoming increasingly interconnected, and international trade is…

Q: What strategies is Boeing using to recover its reputation as it continues with globalizing its…

A: Globalizing is done to expand the business and allow it to enter new markets in other parts of the…

Q: As a corporation that field the ex mong to some extent, is there anything that Caterpillar would do…

A: One company that effectively uses the transnational strategy is Caterpillar Inc, heavy equipment…

Q: In the country of Mordor, the government spent $100 million on swords. Prices do not rise at all,…

A: Marginal propensity to consume (MPC) is the ratio of the change in consumption (∆C) to the change in…

Q: Revenues from ecotourism generate more than $1 million per minute in tourist expenditures worldwide.…

A: True

Q: Compare the US gas and oil industry. Would you expect natural gas prices to be more volatile than…

A: A market is a physical or virtual space where buyers and sellers come together to engage in the…

Q: Example of state of disequilibrium

A: State of disequilibrium refers to the situation when the market demand is not equal to the market…

Q: Suppose that a vaccine manufacturing company owned entirely by U.S. citizens opens a new facility in…

A: a)Foreign direct investment. b)Canada GDP would increase and U.S GDP would be unaffected.

Q: Various international crises and issues periodically raise the price of oil imports, which can send…

A: Oil is one of the widely used natural resources because of its multiple uses, such as in cooking,…