Q: FIGURE 1 MS P2 P1 r2 AD MD2 MD1
A: Aggregate demand curve depicts the inverse relationship between price level (P) and real GDP (Y). An…
Q: As we grow up, we are told about the virtues of thrift. Those who spend all their income are…
A: The IS curve refers to a representation of the numerous combinations of interest rates and levels of…
Q: Why did president Trump oppose the TPP
A: TPP (Trans-Pacific Partnership) is a trade deal, a 12 countries commitment which aimed to create a…
Q: Please state an example of a long term debt cycle in the COVID-19 pandemic
A: The long-term Debt Cycle refers to the cycle which is longer than the average recession or growth…
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A: Recognition lag is the time delay between when an economic shock and the government realized that it…
Q: Difference between equilibrium and disequilibrium
A: Economics as a subject was developed since there was a limited amount of resources on earth. It…
Q: Distinguish between monetary and fiscal policy.
A: Policy- It is a rule or plan of action followed by a group, government, or organization.
Q: Give example for singapore’s fiscal and monetary policies during covid-19.
A: To find : Example for Singapore fiscal and monetary policy.
Q: The total level of outward FDI worldwide increased about ________ between 1990 and 2018.…
A: Foreign Direct Investment or FDI is the investment by large global MNCs in numerous countries. FDI…
Q: Explain the use of econometrics in context with forecasting and policymaking by using some suitable…
A: Econometrics is different from both economic statistics and mathematical statistics. In economic…
Q: Discuss the importance and solutions to the limitations of the Mundell-Fleming Model.
A: An economic model that was first proposed (independently) by Robert Mundell and Marcus Fleming is…
Q: A1 In a hypothetical survey about proposed cuts to higher education, suppose that the following…
A: The question can be like this to make it more clear and unbiased.
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A: Exogenous variables are those variables whose values are given to find the value of endogenous…
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A: DISCRETIONARY FISCAL CONTRACTION Contractionary fiscal policy is the point at which the public…
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A: Economic realities frequently influence government policy changes. Government policy, particularly…
Q: This is considered a leakage in the circular flow model: government spending consumption…
A: In circular flow model, households sell labor and capital services to firms and firms sell goods and…
Q: TRUE/FALSE Barro is considered to be a supply side economist which is consistent with his idea that…
A: Supply-side economics is a situation when the production and the producers in an economy have supply…
Q: How government can overcome unemployment issue during covid-19 pandemic
A: The Covid-19 is the disease created by the corona virus and it was assumed to be originated from…
Q: Give an example of a long term debt cycle in the COVID Pandemic
A: One of the best example of long term debt cycle Conclusive move has been made to address the…
Q: How can the COVID-19 pandemic influence the aggregate demand in a country?
A: The pandemic has caused lockdowns and travel restrictions all over the globe which led to the…
Q: How do the instances when expansionary fiscal policy should be used compare with those for…
A: The use of government spending and tax policies to impact economic conditions, particularly…
Q: Fiscal policy refers to changes in Group of answer choices federal taxes and purchases that are…
A: Fiscal policy: These are the policy measures that are being taken care of by the government of a…
Q: According to the lectures, which of the following ideas are representative of (neo)classical…
A: We are going to use properties of Classical economics and Keynesian economics to answer this…
Q: How do economists use regression as a matchmaker to simulate an RCT?
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Q: As an economist and based on the impact of COVID-19, identify and justify economic and fiscal policy…
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Q: A general-functional form of the IS-LM model is given. A goods market is described by the following…
A: Y = C + I + G C = C(Y-T) Md = L(Y, r) MS = M0S, Set by central authority In the money market…
Q: What does the Philip curve model mean when it's at an equilibrium?
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Q: Please draw and fully label a Philip curve model
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Q: This is not a writing assignment, this is a multiple-choice question Which of the below does NOT…
A: In an economy, when taxes are imposed, it will influence the behavior of the market participants.
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A: Since you have asked multiple questions, we will solve first question for you. If you want any…
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A: International Trade refers to the exchange of goods and services from one nation to another nation.…
Q: Compare the assumptions of the Heckscher-Ohlin model to that of the Ricardian model.
A: In the international trade. we study how trade takes place between the countries and why countries…
Q: Assess the validity of the following statement: In the Mundell-Fleming model, the domestic…
A: The Mundell- Fleming model demonstrates how the monetary and fiscal policy influence aggregate…
Q: A general-functional form of the IS-LM model is given. A goods market is described by the following…
A: (a) LM curve shows equilibrium in the money market in graphical form. L stands for liquidity of…
Q: What is the outcome of the Stolper-Samuelson Theorem??? Account for lessons derived and offer…
A: The Stolper-Samuelson theorem was derived in the context of the H-O trade theory. This theorem was…
Q: How will Effective Tax Structure and Tax Collection help the economy during covid-19
A: Taxes are said to be one of the sources of government, through which the government of a nation runs…
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- In response to high rates of obesity among residents living in low-income communities in Oklahoma, the state health department discovers that a small proportion of people living in low-income communities regularly report eating fresh fruits and vegetables. The state health department decides to work with the community to address the low consumption of fresh fruits and vegetables among residents. In their community organizing efforts, the health department staff conducts various activities within the low-income neighborhoods to increase access to fresh fruits and vegetables. The health department's activities are listed below. Match one of the six key constructs from community organizing that best aligns with each activity listed below. Each construct may only be used once. Activity 1: The health department partners with a communit v [ Choose ] organization to hold focus groups with community members Empowerment to discuss why the community members believe they do not Issue selection…The UN Committee on Economic, Social, and Cultural Rights (CESCR) is charged with interpreting the International Covenant on Economic, Social, and Cultural Rights (ICESR). In 2000 the Committee released General Comment 14, “The Right to the Highest Attainable Standard of Health”. The General Comment is important for advancing our understanding of a right to health under international law because it: (choose one) A) Sets out what has become known as the “3AQ model” addressing the conditions for health on the basis of Availability, Accessibility, Acceptability, and Quality. B) Creates new, specific obligations with respect to the delivery health care services that are binding on all countries of the world C) Makes it clear that the absence of a right to health in the Canadian Charter or Rights and Freedoms means that Canada is in clear violation of its obligations under the ICESR. D) Offers an account of a right to health that has been used by health advocates around the world E) A, B…The full or partial lockdown measures limiting the spread of COVID-19 had been performed by affected countries. From the health perspective, the main reason for lockdown is to save lives. Discuss THREE (3) of the significant issues in the economy due to the lockdown.
- Our earlier model focused on the most basic trade-off introduced by the policy. One aspect of the policy that is also heavily debated is the fact that not every household can afford to upgrade their car in order to avoid paying the ULEZ fees. We now want to understand how best to design the scrappage scheme, which subsidises changing cars for those who need it the most. In particular, we want to know whether the scrappage scheme can create a moral hazard problem. To guide our analysis, consider the following simple model. The government would like to introduce a subsidy to help citizens who need their car for work and cannot afford to buy a ULEZ-compliant car. It also wants to ensure that only citizens who need to drive their car regularly use the subsidy. Instead of the two groups of citizens discussed above, we focus on one particular citizen who does not drive very often, only once a year. As a result, this citizen does not emit excessive pollution even with a car that is not…Our earlier model focused on the most basic trade-off introduced by the policy. One aspect of the policy that is also heavily debated is the fact that not every household can afford to upgrade their car in order to avoid paying the ULEZ fees. We now want to understand how best to design the scrappage scheme, which subsidises changing cars for those who need it the most. In particular, we want to know whether the scrappage scheme can create a moral hazard problem. To guide our analysis, consider the following simple model. The government would like to introduce a subsidy to help citizens who need their car for work and cannot afford to buy a ULEZ-compliant car. It also wants to ensure that only citizens who need to drive their car regularly use the subsidy. Instead of the two groups of citizens discussed above, we focus on one particular citizen who does not drive very often, only once a year. As a result, this citizen does not emit excessive pollution even with a car that is not…(This question assumes that daily life has returned to the way it used-to-be before the Covid-19 pandemic.) Suppose that technological advancements in high-speed rail transport has led some people to substitute rail travel for driving to their holiday destinations. A study by Professor Q of Nomash University found that the reduction in car travel led to fewer road traffic accidents and deaths per year, since rail travel is safer (per passenger kilometre) than car travel. a) Using the logic suggested by Professor Q, illustrate and explain with demand and supply curves how a rise in wages paid to all rail-transport employees would affect the number of road accidents and deaths per year. (Hint clearly identify which market you will use to analyse the question.) b) How would your conclusion to part (a) change if, in addition to the rise in wages mentioned above, there is a significant decrease in rental rates for minibuses or passenger vans? Illustrate and explain your reasoning.
- With the COVID-19 epidemic, the demand for ethyl alcohol, which is very important in terms of meeting the need for hygiene, has also increased and the insufficient supply caused the price of ethyl alcohol to rise suddenly. During this period, the price of ethyl alcohol per liter rose to 400 TL, which caused a serious increase in all disinfectant prices, including cologne. The government, which wanted to prevent the consumer from being victimized, limited the price of ethyl alcohol per liter to 150 TL and banned the sale in the market above this price. If supply cannot be increased, what is the result of this government's implementation? Briefly explain.discussing the effect of the Covid-19 pandemic on the GDP of South Africa during the height of the Covid-19 pandemicEmerging markets and developing economies grew consistently in the two decades before the COVID-19 pandemic hit, allowing for much-needed gains in poverty reduction and life expectancy. The crisis now puts much of that progress at risk while further widening the gap between rich and poor. Despite the pre-pandemic gains in poverty reduction and lifespans, many of these countries have struggled to reduce income inequality. At the same time, they saw persistently high shares of inactive youth (i.e., those not in employment, education, or training), wide inequality in education, and large gaps remaining in economic opportunities for women. COVID-19 is expected to make inequality even worse than past crises since measures to contain the pandemic have had disproportionate effects on vulnerable workers and women. Based on the above mentioned text briefly answer the following questions (draw figures wherever required): What is the basic measurement of income inequality?
- Medicare recipients can purchase supplemental private insurance (known as Medigap insurance) to fill the gap in coverage left by Medicare. This gap includes copayments, deductibles, and prescription drug expenses not covered by Medicare. Several years ago, the government enacted regulations that specify minimum standards for items that Medigap policies must cover. This made the policies more expensive, and as a consequence, about 25 percent of the elderly who would have purchased some Medi-gap insurance purchased none at all [Finkelstein, 2004]. Consider an individual who consumes two goods, "insurance" and "all other goods." The cost of a unit of Medigap insurance is $1, as is the cost of a unit of all other goods. Sketch a budget constraint and set of indifference curves that are consistent with the following scenario: In an unregulated market, an individual with a $30,000 income purchases $5,000 worth of Medigap insurance. The government then puts mandates on Medigap policies that…In this plot we model some of the Australian markets targeted by the Safeguard Mechanism (e.g. fossil fuels). On the horizontal axis we have the quantity, and on the vertical axis its price. If there were no externalities the welfare maximizing quantity would be [Select (1)], while [Select (2)] would reflect the true benefit and cost to society. However, this model describes the presence of a [Select (3)] externality in [Select (4)]. Therefore, the welfare-maximizing quantity is [Select (5)] and the deadweight loss is [Select (6)]. If the externality was fully internalized through a corrective tax equal to [Select (7)], then the new market price would be [Select (8)], the new market quantity would be [Select (9)] and society's welfare would be [Select (10)] without the corrective tax. (1) a) Qa b) Qb c) Qc d) none of the above (2) a) Pa b) Pb c) Pc d) none of the above (3) a) positive b) negative c) Neither a positive nor negative (4) a)consumption b) production (5) a) Qa b) Qb c)…With the COVID-19 epidemic, the demand for ethyl alcohol, which is very important for meeting the hygiene needs, has also increased and the insufficient supply has caused the price of ethyl alcohol to rise suddenly. During this period, the price of ethyl alcohol per liter rose to 400 TL, which caused a serious increase in all disinfectant prices, including cologne. The government, which wants to prevent the consumer from being victimized, limited the price of ethyl alcohol per liter to 150 TL and banned the sale in the market above this price. What does this government practice set an example for? Explain on the figure.