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Scenario 1: The economy enters a recession driving down the demand for homes nationwide.
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- 389. The economy is in a recession. And consumer spending for large appliances (such as refrigerators) has fallen. At the factories that produce these large appliances, we expect the demand for workers to and wages for these workers to (A) Decrease; increase (B) Decrease; decrease (C) Increase; increase (D) Remain unchanged; remain unchanged (E) Increase; decreaseconsumer spending (concept)The economy experiences an increase in the price level and a decrease in real domestic output. What is a likely explanation? Select one: a. government expenditures decreased b. resource prices have increased c. productivity has increased d. business taxes have decreased
- Question 6:Explain how each of the following affects consumption demand.(a) The expectation is that the economy is heading into a recession next year.(b) Stock prices rise sharply.(c) The interest rate on consumer loans falls sharply.(d) Income taxes increase.Create a graph that best describes how the COVID-19 pandemic affected the US economy.Question 10: Assume an economy operates in the intermediate range of its aggregate supply curve. For each of the following changes in conditions, state the direction of the effect on: aggregate demand, aggregate supply; price level, real GDP. (a) An increase in government expenditure in infrastructure Click or tap here to enter text. (b) A severe recession occurs in a country which has been a major importer of the nation's exports. Click or tap here to enter text. (c) The federal government reduces business taxes Click or tap here to enter text.
- Diego needs to forecast demand for his company's products, using the data he already possesses. He has an average of previous demand, and he knows the most recent demand because he believes it's a better predictor of future demand. Which forecasting technique should he use?Question 6: Assume an economy operates in the intermediate range of its aggregate supply curve. For each of the following changes in conditions, state the direction of the effect on: aggregate demand, aggregate supply, price level, real GDP. (a) A decrease in government expenditure in infrastructure Click or tap here to enter text. (b) A severe recession occurs in a country which has been a major importer of the nation's exports. Click or tap here to enter text. (c) The federal government increases business taxes Click or tap here to enter text. lity: Investigate END OF EXAMINATIONAssignment One Topic: Farm fertilizer In 2019 the Dutch Parliament decided they were going to arbitrarily close 50% of their livestock farms. Soon after this, the Canadian Government was rumored to be on the verge of implementing an extremely large tax on Farm fertilizer used (upwards of 35-40% depending on where you looked). Assume they do go ahead with this rumored idea, what happens next, what is the fallout in the Economy and how will it impact you? Is this a good idea? The tools you need to analyse this question can be found in the first half of your textbook and there are plenty of articles online about the question
- What factors must a company like Tesla consider when forecasting supply and demand?Question 1 "Australia's booming housing demand could be impacted by China's move to restrict steel production, with rising prices impacting the essential material used to build houses as well as threats to supply." Adapted from News.com.au, 16 August 2021. (a) Using demand and supply analysis, predict the impact of the event on the housing market in Australia. Support your answer with a diagram. (b) Explain why this process does not cause market disequilibrium.Create a speech about the relationship of income, saving and consumption to price changes in shopping.