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- Business cycle (4 phases)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. . Using AD-AS model reflect how it might have affected the economy. Explain the impact on price and output. If the policymakers decides to take no action, reflect the impact it is going to create using AD-AS model in the long run. Also, explain the impact on price and output. If the central back opts for increasing money supply, reflect the adjustments using AD-AS in the SR and LR and explain the impact on price and output Kindly answer all the above parts.Question 2 The term "business cycle" (or economic cycle or boom-bust cycle) refers to economy-wide fluctuations in production, trade, and general economic activity. From a conceptual perspective, the business cycle is the upward and downward movements of levels of GDP (gross domestic product) and refers to the period of expansions and contractions in the level of economic activities (business fluctuations) around a long-term growth trend. (a) Explain the phases of business cycle using a graph. (b) Define monetary policy. Explain how monetary policy used to control unemployment.
- 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)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)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. Reflecting on the above situation justify whether the State Bank of Pakistan should opt for easy or tight monetary policy as a stabilization policy. Also illustrate it graphically. 2.Reflecting on the above situation justify whether the Government of Pakistan should opt for expansionary or contractionary fiscal policy as a stabilization policy. Also illustrate it graphically.
- 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. Reflecting on the above situation justify whether the State Bank of Pakistan should opt for easy or tight monetary policy as a stabilization policy. Also illustrate it graphically. Reflecting on the above situation justify whether the Government of Pakistan should opt for expansionary or contractionary fiscal policy as a stabilization policy. Also illustrate it graphically.Term Project 2 State of the Economy This table shows Zambia economic indicators from 1991-2021 time period. All variables are measured in percent. Year 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 GDP growth (annual %) -0.04 -1.73 6.80 -8.63 2.90 6.22 3.81 -0.39 4.65 3.90 5.32 4.51 6.94 7.03 7.24 7.90 8.35 7.77 9.22 10.30 5.56 7.60 5.06 4.70 2.92 3.78 3.50 4.03 1.44 -2.79 Inflation, consumer prices (annual %) 97.64 165.71 183.31 54.60 34.93 43.07 24.42 24.46 26.79 26.03 21.39 22.23 21.40 17.97 18.32 9.02 10.66 12.45 13.40 8.50 6.43 6.58 6.98 7.81 10.11 17.87 6.58 7.49 9.15 15.73 Unemployment, total (% of total labor force) 18.90 19.26 19.70 18.22 16.72 15.30 13.59 12.00 12.50 12.93 13.50 14.18 14.80 15.37 15.90 12.87 10.20 7.93 10.50 13.19 10.34 7.85 8.61 9.34 10.10 10.88 11.63 12.01 11.91 12.17 Q1. How would you characterize the state of the economy over this time period and…Question: 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.a. Reflecting on the above situation justify whether the State Bank of Pakistan should opt for easy or tight monetary policy as a stabilization policy. Also illustrate it graphically. b. Reflecting on the above situation justify whether the Government of Pakistan should opt for expansionary or contractionary fiscal policy as a stabilization policy. Also illustrate it graphically.
- 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. a. Reflecting on the above situation justify whether the State Bank of Pakistan should opt for easy or tight monetary policy as a stabilization policy. Also illustrate it graphically. b. Reflecting on the above situation justify whether the Government of Pakistan should opt for expansionary or contractionary fiscal policy as a stabilization policy. Also illustrate it graphically.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.Part a. Reflecting on the above situation justify whether the State Bank of Pakistan should opt for easy or tight monetary policy as a stabilization policy. Also illustrate it graphically.Part b. Reflecting on the above situation justify whether the Government of Pakistan should opt for expansionary or contractionary fiscal policy as a stabilization policy. Also illustrate it graphically.You are a member your company"s strategic planning group. Your company is in the business equipment sales and services field. You are tasked with the following: a. Using the National Income and Product Accounts, develop some benchmark measures of the overall economy and your business in order to provide a standard for judging performance. b. Distinguish between CPI and GDP deflator calculations and suggest which might be more appropriate for benchmarking your business-to-business pricing strategy. c. Employee recruitment is central to your company"s success. Distinguish between structural and cyclical unemployment. Explain how unemployment can vary between demographic groups and how this might influence your recruiting efforts. d. Since your company has operations in Europe as well as Asia, please provide some guidance on the differences in European and American labor markets that would impact your decisions on plant location, sales, and labor market hiring policies in these…