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- both life cycle and permanent income hypothesis rely on Fischer's intertemporal choice model estimating present value of income. however both make different assumptions about the present value of income. explainPlease help. Can you draw a model or IS-LM (income spending money demand and supply model) describing the unemployment in an economy.Let the national income model be; Y = C + I0 + G , C = a + b ( Y – T) , G = g Y Identify endogenous variables
- COVID-19 all around the world has restricted the economic activity. To stop the spread of the virus Pakistan like many other countries adopted the policy of smart lockdown. Shutting down of the industry has created adverse supply shock in the economy. While, the slowdown in business and economic activities the country is in the recessionary phase of the business cycle as the GDP growth for the FY 2020-21 is expected to be -0.2 accompanied by high unemployment and poverty rate.QUESTION Reflecting on the above situation justify whether the State Bank of country A should opt for easy or tight monetary policy as a stabilization policy. Also illustrate it graphically. (150words)QUESTIONS 3 1. Explain the implication of the Ramsey model in terms of Pareto Efficiency Dynamic Efficiency 2. Assume that the economy is in a steady state and there is an unexpected permanent increase in the rate of depreciation δ. Using the appropriate diagram show: What is the best response to this change? Does consumption initially increase or decrease?COVID-19 all around the world has restricted the economic activity. To stop the spread of the virus Pakistan like many other countries adopted the policy of smart lockdown. Shutting down of the industry has created adverse supply shock in the economy. While, the slowdown in business and economic activities the country is in the recessionary phase of the business cycle as the GDP growth for the FY 2020-21 is expected to be -0.2 accompanied by high unemployment and poverty rate.QUESTIONReflecting on the above situation, justify whether the Government of country A should opt for expansionary or contractionary fiscal policy as a stabilization policy. Also illustrate it graphically. (150words)
- What type of statistical technique is used to find cause and effect relationships between one or more independent variables and one dependent variable (such as job satisfaction)? options: A) association analysis B) regression analysis C) cluster analysis D) market basket analysisWhat is the Neoclassical Economics view of labor markets. How do they function? Does the economy produce full employment? How? If not, why?U.S Economic History Decade: 2000-2010 a) Summarize the overall trends and outcomes of this 10-year period by integrating the data, economic models, and historical analysis. b) Defend your agreement or disagreement with the actions taken by the U.S. government during this time based upon your analysis and application of the macroeconomic theories.
- Question 2 Consider the following model of the labour market: 60 = E; + Ut Ut+1 = Ut Ut + Et, 3 where E, denotes the number of employed persons (in period t) and U; denotes the number of unemployed persons (both measured in millions). a) Interpret the above equations and calculate steady-state unemployment. b) Assume the economy is initially in a steady state. Suppose that structural changes in the labour market result in the job-finding rate decreasing by half. Using an appropriate diagram, analyse and explain the impact on unemployment of this shock.Economics what is the rational expectations, representative agent model, and why is it useful in the study of macroeconomics. ?Which of the following economic decisions would most likely be studied by a macroeconomist? Multiple Choice Domino's Pizza decides to provide quantity discounts in order to increase revenue. A local entrepreneur decides to open a Waffle House in the local Walmart parking lot. The government of Estonia implements a flat rate personal income tax for all citizens. Prices for train fares rise as labor unions negotiate higher wage rates.
