Sample figure of AD curve has negative slope

Student question   do fas i will 10 upvotes don't use chatgpt answer. The downturn in output and employment experienced by the United States during the Great Recession is best characterized as: a)There was a mild downturn in the United States followed by a rapid recovery because the Federal Reserve cut short-term interest rates to zero in 2008. b) There was a relatively mild downturn in the United States followed by a rapid recovery because the US government adopted austerity measures which spurred a boom in private investment. c)There was a severe downturn in the United States, in part, because the Federal Reserve raised interest rates during the start of the Great Recession to prevent inflation from soaring. d)At first, there was a mild downturn in the United States starting in December 2007, followed by a severe collapse in output and employment after September 2008 once the US government adopted harsh austerity measures. e)The United States was ground zero for the Great…

Consider the following quarterly sales data (in units): Actual Actual Actual 2019 16 12 10 13 51 Based on years 2018-2020, what is the seasonal index for Q2? Q1 Q2 Q3 Q4 Total 2018 15 12 10 13 50 Show Transcribed Text .98 J Based on years 2018-2020, v 1.02 1.05 .95 Ĉ 2020 17 14 12 11 54

If one of the item in a simple aggregate price index is milk, the index will be unchanged if the price of milk is expressed in dollars per quart instead of dollars per gallon. In a Passche index, prices are weighted according to the quantities of the various items in the base period. The Consumer Price Index is a simple aggregate index.One application of the Consumer Price Index is to automatically increase wages or benefits through its inclusion in labor contracts. "Real income" refers to the amount money available after government taxes have been paid. The Producer Price Index measures changes in the physical volume or quantity of output of manufacturing, mining, and electric and gas utili­ties. TRUE OR FALSE

A9.

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Name and discuss the factors that shift the IS Curve. Give two examples, with the help of a diagram, of IS curve shifting, one to the left and one to the right.

Consider an economy characterized by the following equations: C=750 +0.75Y+0.05W 1 = 250 where C is desired consumption, I is desired investment, W is household wealth, and Y is national income. a. Suppose wealth is constant at W = 12,000. Use the line drawing tool to draw and label the aggregate expenditure function on a scale diagram along with the 45° line to the right. Make sure that the line starts at y-axis and extends to the right. Carefully follow the instructions above, and only draw the required objects. Desired Aggregate Expenditures Aggregate Expenditure and Equilibrium 10,000- 9,000- 8,000- 7,000- 6,000- 5,000- 4,000- 3,000+ 2,000- 1,000+ 0- 0 45 line 2,000 4,000 6,000 8,000 10,000 Actual National Income

1. Explaining short-run economic fluctuations A majority of economists believe that in the long run, real economic variables and nominal economic variables beha independently of one another. For example, an increase in the money supply, a variable, will cause the price level, a variable, to increase but will have no long-run effect on the quantity of goods and services the economy can produce, a variabl The distinction between real variables and nominal variabl is known as ▼ However, in the short run, most economists believe that re and nominal variables are intertwined. Economists use the model of aggregate demand and aggregate supply to examine the economy's short-run fluctuations around the long-run output level. The following graph shows an incomplete short-run aggregate demand (AD) and aggrega supply (AS) diagram-it needs appropriate labels for the ax and curves. In the questions that follow you will identify so of the missing labels. X AD HORIZONTAL AXIS VERTICAL AXIS The…

Q2  Solve 2 parts