Covid-19 has a huge impact on aggregate economic activities, please discuss this impact and explain changes on the following macroeconomic fundamentals: 1) Unemployment, 2) Investment, and 3) Economic growth
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Q: The below five graphs show the development of key macroeconomic variables over the scope of three…
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Q: Y FK = F(K.N) 0,FN>0, FKK-FNN 0 FN (K, N) N" (w/p), N'>0 N* N' => N = I = I(r-n), I' 0 C+I+G+6K Y…
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Q: what macroeconomic government policy/policies can be implemented to jump start the economy's savings…
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Q: Question:Describe and analyse the main macroeconomic issues in Malaysia for the period from 2010 to…
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Q: Question: Problem Scenario Covid-19 global economic pandemic has negatively affected economies as a…
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Q: uppose that the economy is summarized by the following: Technology (Production Function): Yt = 10…
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- Household spending by all UK households amounted to over £500 billion in 1997, or 63% of gross domestic product. This level of expenditure is very closely related to conditions in the country's macro-economic environment. For marketers, it is crucial to be able to read the macro-economic environment and to predict the effects of change in demand for their goods and services. Identifying turning points in the economic cycle has become a work of art as well as science, as consumers frequently confound experts by changing their expenditure levels in a way which could not have been predicted on the basis of past experience. During the Autumn of 1998, mortgage rates in the UK were falling; unemployment was close to its lowest level for two decades; pay rises were keeping ahead of inflation; and share prices were recovering from their recent falls. Yet expenditure by British households was falling sharply. For three consecutive months retail sales fell in value, with retailers such as Marks…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?(1)The following macroeconomic model describes the economy of Sunderland. 1. Y= C +I + G + NX 2. C = 220 + 0.63 Y 3. 1 = 1000- 2000R 4. G = Go 5. NX = 525-0.10Y-50OR 6. M (0.1583Y-1000R)P (a)ls it a fair characterization to refer to equation #2 as a "simple" consumption function? Explain. (b)Derive the expression for equilibrium real output, Y, for this economy. Note: In your final expression for Y, restrict coefficient values to three decimal points. (c) Suppose government spending is 1200 , money supply by the Central Bank is 900 and the price level is 1, find the value of GDP (Y) and equilibrium interest rate (R) for Sunderland. Income Identity Consumption function Investment function Government Expenditure Net export function Money market equilibrium (2)The questions in this section are related to the macroeconomic model of Sunderland. (a)The expression you are asked to derive in question #1b can be considered an aggregate demand curve. Do you agree? Explain your answer. (b)Sketch…
- 2. Consider the following macroeconomic model: Y = F(K.N) FK > 0, FN>0, FKK. FNN 0 FN (K, N) N" (w/p), N'>0 N" I(r = n), I' 0 N" = N I C+I+G+6K M/p = m, 0 M+B P where Y is real GDP, K is the capital stock, N is employment, w is the money wage, Nis the supply of labor, p is the price level, r is the interest rate, is the anticipated inflation rate, I is investment, C is consumption, G is government expenditure, T is net taxes. The endogenous variables are Y, N, w/p, r, p, C and I. The exogenous variables are M, B, K,G.T, . Let dk=0, and M+B> 0 i.e. public has positive net holdings of government assets. Assume the open-market operations constraint dM+dB = 0, so any change in the nominal money supply is engineered through an open market operation. In this economy, show that a change in the nominal money supply eventually has effects on the real variables of the economy (i.e. nomey is not a veil in this system). In your answer, you must show all your arguments analytically and also…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.” a) 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. The government should also consider an unconditional cash transfer program for an initial period of three months at a rate of $95 per month, which corresponds to the minimum wage for the formal sector in Bangladesh. This would cost the government roughly $14 billion, or 4% of GDP. While this sort of cash transfer program always suffers from targeting issues, Bangladesh enjoys a highly sophisticated mobile financial services network, which could…What is the equilibrium level of
- MACROECONOMICQuestion:Describe and analyse the main macroeconomic issues in Malaysia for the period from 2010 to 2015. Go to: http://www.tradingeconomics.com/malaysia/gdp-growth, http://www.tradingeconomics.com/malaysia/gross-national-product or other sources of reference to obtain the necessary information. *** 2500 to 3000 words excluding references RUBRICS Introduction to macroeconomics : Clear and detailed introduction which covered the definition, issues, policies and objectives of macroeconomics. Identification and description of economic growth and living standards in Malaysia : Able to identify and describe the changes in economic growth and living standards over the selected period. Provided adequate data and clear reasons for the changes. Identification and description on unemployment in Malaysia : Able to identify and describe the changes in unemployment over the selected period. Provided adequate data and clear reasons for the changes. Identification and…Economic On April 27, 2023, the U.S. Bureau of Economic Analysis (BEA) released the data on GDP growth for the US economy for the first quarter of 2023 and revealed that the economy grew sluggishly by only 1.1 percent. Based on this report, suppose the U.S. consumers and businesses start to become pessimistic about the direction of the economy and eventually cut consumer and business spending, analyze using the IS-LM and AD-AS frameworks the short and long-run effects of such a shock on prices, output, and real interest rate.
- Question: Problem ScenarioCovid-19 global economic pandemic has negatively affected economies as a whole at the global, national, and regional levels. The novel effects of the fluidity of Covid-19 appear to continue to have negative impacts on the macro business model as the global recession seems to be inevitable. You are working as a macroeconomist in economic affairs in Barbados, and you are tasked with analyzing the impact of Covid-19 on the economy and you are required to prepare notes on what specific government policies can be implemented as a stimulus package to jump-start the economy savings and investment market. The team meeting will be held in 3 days from the date of the assignment and because of the limitation of time the Chief economist has given you the following guidelines:(a) You are required to identify four (4) key macroeconomic issues from the impact of Covid-19,(b) For each issue identified in (a) explain in detail what specificgovernment policy/ies would you…How shares of GDP accounted for by each component of GDP (C, I, G, X, and M) have changed across these three dates. Any trends? Any large changes? Be specific. 1968Q4 2000Q1 2023Q1 Consumption 59% 66% 68% Investment 17% 20% 17% Government Purchases 24% 18% 18% Exports 5% 11% 11% Imports -5% -14% -15%Malaysia GDP to rebound up to 7.5% in 2021, central bank predicts The Malaysian economy is expected to grow between 6% and 7.5% this year, the central bank said on Wednesday, with COVID-19 vaccinations and stronger external demand driving a recovery from the 5.6% contraction for 2020. Central bank Governor Nor Shamsiah Yunus said growth this year would also be underpinned by higher private and public expenditures, while an accelerating immunization campaign will improve confidence. "The Malaysian economy is projected to rebound in 2021, with the gross domestic product achieving pre-COVID-19 levels by mid-2021,". The new full-year estimate leaves slightly more room at the low end, compared with a previous forecast of 6.5% to 7.5% expansion. "In our forecast, we assume that herd immunity will only be achieved in the first quarter of 2022," Nor Shamsiah explained. She also said the bank considered that Malaysia's international borders could remain largely closed for the entire year, but…