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- How an exogenous increase of Mexico’s GDP will influence U.S. aggregate demand and GDP.if actual real GDP is greater than the equilibrium level of real gdp what happens to restore equilibrium to the economy?When real GDP declines during a recession, what typically happens to consumption, investment, and the unemployment rate?
- Why is stagflation particularly damaging for an economy?"In the classical model, the equilibrium level of real Gross Domestic Product (GDP) is completely supply-determined." Do you agree or disagree? Why?Suppose the government invests a significant amount in infrastructure. The model of aggregate supply and aggregate demand implies what effect on the economy?
- A recession in the United States is likely to raise the growth of real GDP in Europe. Do you agree or disagree? Why?Suppose most business executives expect a slowdown in the economy (slower sales growth for their firm). How might that affect the economy?will an increase in productivity affect the aggregate supply curve and the aggregate demand curve?
- Using a macroeconomics demand/supply analysis, where do you think current output is relative to what the economy is capable of producing? Look at recent trends in the data. What are the recent trends in the components of aggregate demand (consumption spending, investment spending, government purchases, and exports and imports?Which of the following would increase aggregate demand? A) Increase in taxation. B) Increase in savings. C) Decrease in consumption spending. D) Increase in government spending.When real GDP declines during a recession, what typically happens to consumption, investment, and the unemployment rate? During an economic boom, what happens to these variables?
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