A Explain the Keynesian transmission mechanism, and use graphs to illustrate B Suppose that there is an increase in the demand for money Explain fully how this changes the equilibrium interes! rate and GDP Use graphs to illustrate

K In 2007 and 2008, Canada was affected by the global financial crisis that had begun with the U.S. housing collapse. By 2009, the Canadian economy had entered a recession, largely due to a reduction in investment and a The policy objective for the Bank of Canada and the government at this time was to OOOOO A. fall in housing starts; shift the AD curve to the left to close the recessionary output gap B. fall in net exports, shift the AS curve to close the inflationary output gap C. fall in consumption; shift the AD curve to the left to close the recessionary output gap D. fall in consumption; shift the AD curve to the right to close the inflationary output gap E. fall in net exports, shift the AD curve to the right to close the recessionary output gap

Using the graphs below, show the change in aggregate demand for each of the following scenarios. a. There is a change in government policy that causes an increase in interest rates Instructions: Use the tool provided "AD1" to plot the new aggregate demand curve. Plot only the endpoints of the line (2 0 Aggregate Demand Price Level Real GDP Tools O

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Define the term recessionary gap and inflationary gap why do they occur

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What is the effect of a rise in the money wage rate when the economy is at potential GDP? A rise in the money wage rate when the economy is at potential GDP A. does not change potential GDP but increases real GDP along the AS curve. B. decreases potential GDP because the full-employment quantity of labor decreases C. does not change aggregate supply but decreases production D. decreases aggregate supply because a rise in the money wage rate increases costs, so firms employ fewer workers Click to select your answer.

L Tllustrate how the following would affect the economy equilibrium output using well labelled Keynesi an cross diagrams. e. Households experience a decline in wealth as the value of housing drops when the housing bubble bursts. f. The nation's leaders tell consumers it is their patriotic duty to save the economy by consuming more, and consumers obey.

In the Neo-Classical macro model, a decrease in the money supply will Oa Decrease the price level, increase output, and decrease unemployment O Decrease the price level and keep output and unemployment unchanged cDecrease the price level, decrease output, increase unemployment Oa Decrease the price level, koep output unchanged, and decrease unemployment