Gdp is down 5 for the previous qtr after having been in a, Ask an Expert

Economics

GDP is down .5% for the previous qtr, after having been in a decline for the previous twelve months. CPI has been steady for the past twelve months. Unemployment has risen .8% during the previous quarter, after having risen steadily for the past twelve months.

(1)What phase of the business cycle is the economy in? How do you know?

(2) Do want aggregate demand to move? Which way? Why? (3) List one fiscal and one monetary policy that you could use to influence the economy, and tell how you would use them.
Dec 13 2014 09:01 AM

View complete question

Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91612239

Have any Question?Write your Review or question?

Related Questions in Microeconomics

Question problems exist within the firm there were problems

Question: Problems exist within the firm. There were problems of collective action, public goods, knowledge problems, and perverse incentives to name some. What were the three methods we discussed in class to help resolv ...

Question consider an industry with demand q 120 - 3p and

Question: Consider an industry with demand q = 120 - 3p and supply q = 2p - 10. Suppose that production is polluting the environment and that the marginal social cost of production is given by MSC(q) = 1/2 q^2. (a) What ...

Question suppose that the demand function for carrots is q

Question: Suppose that the demand function for carrots is Q D = 200 - 2 p, and the supply function is Q S = 16 p. find the: equilibrium price, equilibrium quantity, consumer surplus, producer surplus, and govt revenue fo ...

Question linear supply amp demand functions and equilibrium

Question: Linear Supply & Demand Functions and Equilibrium Point a) A company is willing to supply 120 clocks at a price of $80 each, but only 80 clocks at a price of $40 each. What is the Supply Function (price as a fun ...

Question research on how supervisors rate employees who

Question: Research on how supervisors rate employees who work under them has found that in some firms as many as 95 percent of all ratings are "good" or "outstanding." a. Is this necessarily evidence that supervisors are ...

Question explain these questionswhy are monopolies bad for

Question: Explain these questions Why are monopolies bad for consumers and society? Can you give an example of a company that price discriminates by charging different customers different prices for the same product? Des ...

Question andrew has 12000 that he will invest to have a

Question: Andrew has $12,000 that he will invest to have a down payment in 24 years for a vacation home. Assuming he can earn 8% on his investment how much would he have at the end of 24 years? The response must be typed ...

Question the material in this chapter did not focus on

Question: The material in this chapter did not focus on different methods of predicting inflation because the core rate has changed very little since 1982. The biggest change has been 1.1%, and the average change has bee ...

For example utilizing coke-colanbspthe following could

For example, utilizing Coke-Cola the following could cause a decrease in demand. 1. People decide that they like Coke less than before maybe because they like water more. 2. There is a decrease in the number of buyers of ...

Question in 1980 automobile manufacturers in the united

Question: In 1980, automobile manufacturers in the United States asserted that import quotas be instituted on foreign-produced vehicles marketed in the United States. In a critical essay, elaborate on the costs and benef ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Microeconomics Expert