Details of this Paper

MT445 Unit 8 Assignment

Description

solution


Question

Question;Unit 8 AssignmentStudent Name:Please answer the following questions. Submit as a Microsoft Word document to the Dropbox whencompleted.Determine whether each of the following would cause a shift of the aggregate demand curve, a shiftof the aggregate supply curve, neither, or both. Which curve shifts, and in which direction? Whathappens to aggregate output and the price level in each case?a. The price level changesi. Which curve shifts?ii. Which direction does it shift?iii. What happens to aggregate output?iv. What happens to the price level?b. Consumer confidence declinesi. Which curve shifts?ii. Which direction does it shift?iii. What happens to aggregate output?iv. What happens to the price level?c.The supply of resources increasesi. Which curve shifts?ii. Which direction does it shift?iii. What happens to aggregate output?[MT445 | Managerial Economics]iv. What happens to the price level?d.The wage rate increasesi. Which curve shifts?ii. Which direction does it shift?iii. What happens to aggregate output?iv. What happens to the price level?Determine whether the following statements are true or false.i.Some people who are officially unemployed are not in the labor force.ii.Some people in the labor force are not working.iii.Everyone who is not unemployed is in the labor force.iv.Some people who are not working are not unemployed.[MT445 | Managerial Economics]Refer to the following data on the U.S. consumer price index and answer the questions below.Year19881989199019911992a.CPI118.3124.0130.7136.2140.3Year19931994199519961997CPI144.5148.2152.4156.9160.5Year19981999200020012002CPI163.0166.6172.2177.1179.9Year2003200420052006CPI184.0188.9195.3201.8Compute the inflation rate for each year 1989-2006.b. Which years were years of inflation?c. In which years did deflation occur?d. In which years did disinflation occur?e. Was there hyperinflation in any year?Directions for Submitting your AssignmentComplete your assignment in this Microsoft Word? document and save it as UsernameMT445Assignment-Unit#.doc (Example:TAllen-MT445Assignment-Unit8.doc). Submit your fileby selecting the Unit 8: Assignment Dropbox by the end of Unit 8.

 

Paper#57790 | Written in 18-Jul-2015

Price : $27
SiteLock