Homework CH20b: Policy Apply the below to the following th LAAS 1. Ac events and AD cuve us to the the economy from the

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Homework Ch20b Policy Apply The Below To The Following Th Laas 1 Ac Events And Ad Cuve Us To The The Economy From The 1 (34.26 KiB) Viewed 36 times

Homework Ch20b Policy Apply The Below To The Following Th Laas 1 Ac Events And Ad Cuve Us To The The Economy From The 2 (46.08 KiB) Viewed 36 times

Homework Ch20b Policy Apply The Below To The Following Th Laas 1 Ac Events And Ad Cuve Us To The The Economy From The 3 (46.08 KiB) Viewed 36 times

Homework Ch20b Policy Apply The Below To The Following Th Laas 1 Ac Events And Ad Cuve Us To The The Economy From The 4 (49.47 KiB) Viewed 36 times

Homework CH20b: Policy Apply the below to the following th LAAS 1. Ac events and AD cuve us to the the economy from the album point to the AD, lepy that will be the As the impact of the government interve level, output, and unemployment rate compared t the econey from the intal eq economy is experientation SRAS Instructions Show your um point to the new sho exploitation reducing monetary poly Use the ADAS modelo effect on the price level, tout, and employment rate compared to the inal equi to the Thi 3. Retour 2 convent occurs and SAS ce the economy from the intal equitum pot & to the new shon un equium point. The economy is expering station an example of an unemployment reducing cal policy the the AD-S modta LRAS SAAS Assignment Requirements To be succesful with this homework, you will need to complete the following shop for each of the sted of the act of your ch As the policy of your chce takes effet, er demandorle the new curbe the curve You may provided below, or you could draw the whole thing from see find the new equilibrat SRAS, Submitting Your Assignment Allworm be your own copying other peop Besonder about on the price What's the impact of the policy on price level Output compared to the initial pum, pont A 2 For the first to you need to give us the arguments for the policy AND aga the pay the new curve on the Figure 2 Subset by email will NOT be accepted or from the intes form of plasmand Your femnt show your analysis can be a PD fie a Word dock, or other mag You may w with your computer program (MS Word, Power Point, or other programs that have a drawing so your work on paper and scan the page to create your file Another option would be to my take a photo of the page you create. This would be the comme but you choose to take a photo make certain that of any and of the game work You can only biton, so make sure you are compty finished before uding and that

Homework CH20b: Policy Apply the instructions below to the following three questions. Questions: 1 Pol LRAS B <Figure 1 > AD₂ SRAS AD₁ 1 LRAS Yo <Figure 2 > SRAS, SRAS AD₂ 1. Refer to Figure 1: An economic event occurs and AD curve shifts to the right as a result. This moves the economy from the initial equilibrium point A to the new short-run equilibrium point B. The economy is experiencing an economic boom. a. Give an example of a policy that will stabilize the output, either fiscal or monetary policy. Analyze the impact of the government intervention (follow the instruction above) on the price level, output, and unemployment rate compared to the initial equilibrium A. b. Find the arguments for and against the policy. 2. Refer to Figure 2: An economic event occurs and SRAS curve shifts to the left as a result. This moves the economy from the initial equilibrium point A to the new short-run equilibrium point B. The economy is experiencing stagflation. a. Give an example of an inflation-reducing monetary policy. Use the AD-AS model to analyze its effect on the price level, output, and unemployment rate compared to the initial equilibrium A 3. Refer to Figure 2: An economic event occurs and SRAS curve shifts to the left as a result. This moves the economy from the initial equilibrium point A to the new short-run equilibrium point B. The economy is experiencing stagflation. a. Give an example of an unemployment-reducing fiscal policy. Use the AD-AS model to analyze its effect on the price level, output, and unemployment rate compared to the initial equilibrium A

Assignment Requirements To be successful with this homework, you will need to complete the following steps for each of the questions listed above: Instructions: 1. "Show your analysis of the impact of your choice of policies. a. As the policy of your choice takes effect, either demand or supply curve shifts. Draw in the new curve, label the curve. You may draw the new curve on the Figure I or Figure 2 provided below, or you could draw the whole thing from scratch. Find the new equilibrium. Mark it as Point C. What's the impact of this policy on price level? Output? Unemployment Rate? - compared to the initial equilibrium, point A? 2. For the first question, you need to give us the arguments for the policy AND against the policy. b. c. Submitting Your Assignment All work must be your own. Copying other people's work or from the Internet is a form of plagiarism and will be prosecuted as such. You will need to create and submit a document as an attachment using the Canvas Assignment tool. Your file must show your analysis. It can be a PDF file, a Word docx file, or other image files. You may draw with your computer program (MS Word, Power Point, or other programs that have easy drawing tools). You can also draw your work on paper and scan the page to create your file. Another option would be to simply take a photo of the page you create. This would not be the recommended choice, but if you do choose to take a photo, make certain that all of your analysis and all of the diagrams are shown clearly in the photo. Be sure to include your name in the text of the document and in the name of the document (i.e. lastname_homeworkCHxx.docx, or .pdf, etc.). • You can only submit once, so make sure you are completely finished before submitting and that you attach the correct file. Submissions sent by email will NOT be accepted. .