4 2 Points We Have Talked A Lot About Shocks Demand And Supply When A Shocks Takes Place There Is A Period That Ec 1 (435.48 KiB) Viewed 19 times
4. [2 points] we have talked a lot about shocks, demand and supply. When a shocks takes place, there is a period that economist call the short run, and then the long run. a. At what point is the transition between short run and long run? What are we looking for to change? b. Can you identify in the following graphs what we look for. (I present 3 graphs, tell me which is important to identify short and long run, and why) Canadian inflation and interest rates -Inflation Policy interest rate 6.8% 6% Tukul 2008 2010 2012 2014 2016 2018 Note: The Bank of Canada's inflation target is the 2% midpoint of a 1-3% control range Source: Bank of Canada, Statistics Canada Canadian GDP 1850 1800 1750 1700 11. 1650 1600 1550 1500 2012 2014 5 4 2 1 0 2016 2018 2020 2022 کی میشود 2020 2022 1%
Unemployment rate 10 9 8 7 6 5 сл Source StatCan Statista 2021 6.8 2000 7.2 2001 Rate of unemployment in Canada from 2000 to 2020 8.3 7.7 7 2002 7.6 2003 7.2 2004 6.8 2005 6.3 2006 6 2007 6.1 2008 2009 8.1 2010 Additional Information: Canada; 2000 to 2020; 15 years and older 7.5 2011 7.3 2012 7.1 2013 6.9 6.9 2014 2015 2016 6.3 2017 5.8 2018 5.7 2019 9.5 2020
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!