Question 1 I need very concise answers to the questions. The questions are independent of each other, unless expressly stated.

Question 1I need very concise answers to the questions. The questions are independent of each other, unless expressly stated. The purpose is to test your understanding of the basic macroeconomic concepts.Suppose that the expenditure multiplier is 2.5 and the Treasury increases the government purchase of goods and services by 10 billion units. What will be the resulting change in the real GDP?Suppose the required reserve ratio is 10% and the Fed injects $2 billions of reserves into the banking system. By how much will the money supply increase?Suppose that the Cambridge k equals 0.10, the supply of money is M = $1 trillions, and the real GDP = 100 billion units. What is the general price level (the GDP deflator)?Start with the numbers in part c. Assume that money supply increases by 10% and the Cambridge k remains constant at k = 0.10 (as in the classical model). What will be the new nominal GDP (I need to see the number)?Start with the numbers in part c. Assume that money supply increases by 10%, the real GDP increases by 4%, and the Cambridge k remains constant at k = 0.10 (as in the classical model). What will be the new GDP deflator (I need to see the number)? The figure on the attached document shows the aggregate demand and aggregate supply functions for a country. Wages and prices are rigid in the short run, but adjust to market conditions in the long run. Currently P = 100 and Y = 1000. Analyze the short-run and long-run consequences of the following events on the price level (P) and the real GDP (Y). The questions are independent of each other. The answer to each question should be a short paragraph.As in 1990-91, consumer confidence plummets and the aggregate demand function shifts to the left by 400 units. What will happen to P and Y in the very short run (please give me the numbers)? What will happen to P and Y in the long run (please give me the numbers)? Describe the process of self-correcting mechanism from the beginning to the end.Firms become optimistic about future profits and the aggregate demand function shifts to the right by 200 units. What will happen to P and Y in the very short run (please give me the numbers)? What will happen to P and Y in the long run (please give me the numbers)? Describe the process of self-correcting mechanism from the beginning to the end.OPEC comes and the price of oil increases. As a result, the general price level increases by 20 units. What will happen to P and Y in the very short run (please give me the numbers)? What will happen to P and Y in the long run (please give me the numbers)? Describe the process of self-correcting mechanism from the beginning to the end.Discovery of new reserves in Kuwait drastically reduces oil prices. As a result, the general price level decreases by 20 units. What will happen to P and Y in the very short run (please give me the numbers)? What will happen to P and Y in the long run (please give me the numbers)? Describe the process of self-correcting mechanism from the beginning to the end.

Show more

Calculate Your Essay Price
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more