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- Which one of the following statements is FALSE?(a) There are four broad groups of decision‐making units in the economy:households, firms, government and the foreign sector;(b) Savings are an important injection into the circular flow of income andMultiple‐choice questions: Select one correct answer for each of the following. In your answer booklet, write down only the number of the question and next to it, the letter of the correct answer.spending in the economy;(c) Taxes are a leakage or withdrawal from the flow of income and spending in the economy;(d) Spending by households on consumer goods and services is calledconsumption spending.Explain 16 correctlyWhat is the G7 summit? Full and detailed discussion. (Minimum of 500 words) You may refer to this lecture video: https://www.youtube.com/watch?v=SPYnH7FNhbk
- Question Completion Status: L> A Click Submit to complete this assessment. Question 1 1- one of the most famous Classical economists is v and they They assumed that john Maynard Keynes Reacting to changes in money prices rather than relative prices Pure competition does not exists. 2-A dictum of economist J.B. Say is 3- one of the Assumptions of the classical model is wages and prices were flexible 4- Money Illusion means supply creates its own demand Adam Smith the competitive markets are not existed A Click Submit to complete this assessment. clasical theory 1 (1).pptx D production posibi.pptx A production posibi.pptx keynesian theory.pptx 55°F Sunny DELL 近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.Please answer question number 4. Thank you:>
- The United Kingdom (UK) left the European Union (EU) on 31 January 2020. A transition period is now in place until 31 December 2020. During this period the UK must comply with all EU rules and laws. Virtually nothing will change for businesses or for the public. There will be changes after the transition period, whether or not an agreement is reached on the new relationship between the UK and the EU. Task assigned: Analyse the impact of the BREXIT to the UK economy. You may include justifications from the relevant journal articles to make your argument constructive enough to support your discussions. Your work should be based on the following points: UK Currency market UK economic Growth UK gross domestic product UK Foreign direct investment Instruction: Your work should NOT emotionally or politically motivated.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.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)
- New answerrrrcccCOVID-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.10 00 Interest Rate (%) N B Investment Demand 0 $30 60 90 120 150 Investment ($) Price Level Multiple Choice AS Real GDP ($) AD₁ (1=120) AD₂ (1=90) *AD3 (1=60) Refer to the graphs, in which the numbers in parentheses near the AD₁, AD2, and AD3 labels indicate the level of investment spending associated with each curve. All numbers are in billions of dollars. The interest rate and the level of investment spending in the economy are at point D on the investment demand curve. To achieve the long-run goal of a noninflationary, full-employment output Qfin the economy, the Fed should try to decrease aggregate demand by increasing the interest rate from 2 to 4 percent. decrease aggregate demand by increasing the interest rate from 4 to 6 percent. increase aggregate demand by decreasing the interest rate from 4 to 2 percent. increase the level of investment spending from $120 billion to $150 billion.