ASSIGNMENT ID
327090
SUBJECT AREA Economics
DOCUMENT TYPE Other types
CREATED ON 29th November 2017
COMPLETED ON 1st December 2017
PRICE
$40
15 OFFERS RECEIVED.
Expert hired: Amirah

Open Forum #6 - Family Devotees/ Inventors and Artistic Geniuses

Open Forum #6 - Family Devotees/ Inventors and Artistic Geniuses Using the concepts learned in Chapter 16, read the scenarios below and answer the missing pieces to each question. I am not going to ask you to draw the amount of money demanded and supplied, investment demand and aggregate demand and supply graphs for this forum. But I would highly recommend that you know how to draw these shifts - refer to figure 16.5 in your textbook as a reference to these graphs. Please post your reply by Thursday and respond to two other students by Saturday. Scenario #1 U.S. was at macro equilibrium and full-employment Qf and P1. The U.S. goes to war, government spending increases. Which way will aggregate demand move? ___________(increase or decrease) What macro economic problem arises __________(e.g. unemployment, inflation, slow growth) If the fed uses OMOs, they must _____(buy or sell) bonds to fix these macro problem(s) and get aggregate demand back to Full-Employment. Scenario #2 U.S. was at macro equilibrium and full-employment Qf and P1. The U.S. stock market crashes. Which way will aggregate demand move? ___________(increase or decrease) What macro economic problem arises __________(e.g. unemployment, inflation, slow growth) If the fed uses OMOs, they must _____ (buy or sell) bonds to fix these macro problem(s) and get aggregate demand back to Full-Employment. Scenario #3 U.S. was at macro equilibrium and full-employment Qf and P1. The trading partners of the U.S. are experiencing a recession and stop buying goods from the United States. Which way will aggregate demand move? ___________ (increase or decrease) What macro economic problem arises __________(e.g. unemployment, inflation, slow growth) The fed must __________ (increase or decrease) the discount rate to fix these macro problem(s) and get aggregate demand back to Full-Employment. Scenario #4 U.S. was at macro equilibrium and full-employment Qf and P1. U.S. citizens are optimistic about the future and have expectations of higher future incomes. Which way will aggregate demand move? ___________ (increase or decrease) What macro economic problem arises __________(e.g. unemployment, inflation, slow growth) The fed must __________ (increase or decrease) the discount rate to fix these macro problem(s) and get aggregate demand back to Full-Employment. Scenario #5 U.S. was at macro equilibrium and full-employment Qf and P1. U.S. experiences several catastrophic events all at once across the U.S. such as tornadoes, hurricanes and earthquakes. Which way will aggregate demand move? ___________ (increase or decrease) What macro economic problem arises __________(e.g. unemployment, inflation, slow growth) The fed must __________ (increase or decrease) the reserve ratio to fix these macro problem(s) and get aggregate demand back to Full-Employment. Scenario #6 U.S. was at macro equilibrium and full-employment Qf and P1. U.S. negotiates a new favorable trade agreement with the European Union. Which way will aggregate demand move? ___________ (increase or decrease) What macro economic problem arises __________(e.g. unemployment, inflation, slow growth) The fed must __________ (increase or decrease) the reserve ratio to fix these macro problem(s) and get aggregate demand back to Full-Employment.
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29 November 2017
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29 November 2017
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01 December 2017
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