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Based on Okun's Law, how much 2020 Q2
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- In the IS-LM model, which market moves the fastest to restore general equilibrium?After Covid-19 pandemic has run its course, what macroeconomic government policy/policies can be implemented to jump start the economy's savings and investment market?Using the IS-LM model, explain why there has been a decline in growth (national income) due to the COVID-19 pandemic
- How COVID-19 Has Affected the U.S. Economy?Discuss COVID-19 and its affect on our global economy.With lockdowns currently imposed across Europe and North America until mid-April, even in the best-case scenario it will take at least until mid-June for market confidence to be restored in these economies. The implication is that nearly six million workers in Bangladesh’s formal sector – which is largely manufacturing – will be without steady work for an extended period.” (link: https://www.weforum.org/agenda/2020/04/covid-19-coronavirus-bangladesh/) Which part of the production function do you think the issue mentioned above will affect? Draw two diagrams to show Real GDP and LRAS is affected in the long run. Explain
- Do the existence of SIFIs represent a threat to the ecnomic stability of the country? Why or why not? Explain how the post great-recession regulations tried to deal with this issue.How has Covid-19 (the corona virus) affected or will affect one specific aspect of the Canadian, Quebec, or Montreal economy?Discuss how the AD/AS model can explain economic growth, recessions, as well as changes in unemployment and inflationary pressures. (11.5)
- Explain what tendency does consumption smoothing refer to and why is it assumed in an intertemporal model?Graphically explain the impact of the covid 19 pandemic on China's economic growthIf the Gross Domestic Product (GDP) is adjusted for the PPP (Purchasing Power Parity, or what a U.S. dollar can buy in each country), what would be the correct ordering of the economies if we order them from the highest to the lowest - in terms of the GDP by PPP? Please choose your answer from the below list of countries - ranked correctly from highest to the lowest, as per the 2020 IMF estimates Group of answer choices China, Germany, United States, Japan and United Kingdom. United States, China, Germany, United Kingdom, and Japan. China, United States, India, Japan and Germany.