1.) If consumption falls, Keynesians believe unemployment will ________ for everyone, while Austrians believe that unemployment will fall for those employed in ______________.     rise, late stages of production         rise, early stages of production       fall, late stages of production       fall, early stages of production

8. In the economy, we found a recessionary gap of 50, relative to potential output of 4,800. Suppose that, in this economy, the natural rate of unemployment rate is 5%. What will the actual unemployment rate be after the recessionary gap appears?"

1. An individual consumer in the neoclassical theory is assumed to be 'rational,’ ‘isolated,' and 'representative.' (i) Explain the meaning of a rational, isolated, and representative consumer. (ii) Explain why such a hypothetical individual consumer is needed in the neoclassical theory of consumption. (ch. 5)

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1. Which of the following is not an assumption of  the simple Keynesian ? (a).We are in the short run  (b). Prices are constant (c).Output is demand -determine (d). Output is supply -determine (e). Aggregate output is equals planned expenditure 3. Equilibrium in the market for bank reserves determine. 4. The consumer prices index (CPS) baskets of goods typically consumed in period 2 goods .

Explain what would happen to AS or AD (choose AS or AD according to the case) in an economy in the cases below. In your explanation discuss whether AS or AD shifts to the left or right and the conse prices and quantities produced. A. Reduction of taxes B. Discovery of a new technology. C. Increases in unemployment. D. Increases in money supply. (3

2. The economy is currently in the long-run macroeconomic equilibrium. a) Using an appropriately labelled graph, show the economy's current state. b) Suppose, the government decides to increase income taxes. What kind of policy did the government take? On the same diagram as a) show the effect of this policy in the short run and explain.

Question 13 (Mandatory) (1 point) Consider the nature of macroeconomic equilibrium. If, at a particular price level, aggregate output demanded is less than that supplied by producers, then O the price level will rise toward its equilibrium value. the aggregate supply curve will shift to the left, re-establishing an equilibrium. the price level will decline toward its equilibrium value. the aggregate demand curve will shift to the right, re-establishing an equilibrium. the aggregate supply curve will shift to the right, re-establishing an equilibrium.

Which of the following would cause the Aggregate Supply curve to move from AS to AS2 in the graph below?   A) A general increase in energy and labor cost for businesses. B) A general decrease in labor cost for businesses. C) An increase in productivity. D) A federal government increase in spending.

Edit question I'm on a real (Online) Assessment right now, need your help and ASSISTANCE So, Please answer Quickly, and concentrate on Answer(s) only 13 The economy is facing difficulty, and economists suggest that a recession has begun. If the market has fallen by 10%, which of the following sectors is most likely to fall less than the market? Utilities Consumer Discretionary Industrials Energy