Which of the figures above illustrates an economy in long-run equilibrium? A) Figure A B) Figure B C) Figure C

Consider the long-run equilibrium output, the potential output, the full-employment output, and the natural rate of output. Are their output levels the same or different?

Which equation represents the macroeconomic equilibrium condition in the aggregate expenditure (AE) model?

(a) Suppose the natural rate of unemployment for the economy is 5 percent and the economy is currently experiencing an 8 percent unemployment rate. Explain what will likely happen to wages and prices as the economy adjusts to the long-run equilibrium.   (b)    Using the information below, explain the adjustments that will be taken by firms and workers to move the economy to a long-run equilibrium, specifically in terms of costs of production, real and nominal wages, and prices of products. Assume that firms and workers have adaptive expectations. The current unemployment rate = 4%. The natural rate of unemployment = 5%. Last year's inflation rate = 2%. This year's inflation rate = 3%.   (c) The workers in the oil and gas industry in Alberta are paid an average of $68.50 per hour, and through their collective bargaining agreement, they have incorporated a 3.5 percent annual raise in their contracts to account for anticipated inflation. Suppose there is unexpected inflation of 2.8%…

In order to mitigate the economic impacts of the COVID-19 recession, the Government plans to run large budget deficits to improve infrastructure and build more public and transitional houses in New Zealand.   Briefly describe the impact of this budget plan (with everything else held constant) on the following variables in the short run.  (a) aggregate demand; (b) the price level; (c) the supply of loanable funds; (d) the real interest rate; (e) the relative attractiveness of NZD-denominated assets; (f) net foreign investment; (g) the exchange rate of the NZ dollar; (h) NZ exports (i) NZ imports; (j) the value of NZ net exports.

Refer to image; please show work

Scenario 1: The economy enters a recession driving down the demand for homes nationwide.

Which of the following statement is true? A) Economic fluctuations are irregular and unpredictible B) Most macroeconomic quantities fluctuate together C) As output falls, unemployment rises D) All of the above

Answer both questions that need to be answered and the second question has a graph that’s needs to be answered as well.

This is a multifaceted question there are 2 more images to consider which I will post in another message. Thank you