Economics

Anonymous
timer Asked: Jun 16th, 2015

Question Description

Economics


Need done asap.  In 8 to 9 hours

mt445_unit_8_assignment_0.doc 

[MT445 | Managerial Economics] Unit 8 Assignment Student Name: Please answer the following questions. Submit as a Microsoft Word® document to the Dropbox when completed. 1. Determine whether each of the following would cause a shift of the aggregate demand curve, a shift of the aggregate supply curve, neither, or both. Which curve shifts, and in which direction? What happens to aggregate output and the price level in each case? a. The price level changes i. 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 declines i. 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 increases i. Which curve shifts? ii. Which direction does it shift? [MT445 | Managerial Economics] iii. What happens to aggregate output? iv. What happens to the price level? d. The wage rate increases i. Which curve shifts? ii. Which direction does it shift? iii. What happens to aggregate output? iv. What happens to the price level? 2. 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] 3. Refer to the following data on the U.S. consumer price index and answer the questions below. Year 1988 1989 1990 1991 1992 CPI 118.3 124.0 130.7 136.2 140.3 Year 1993 1994 1995 1996 1997 CPI 144.5 148.2 152.4 156.9 160.5 Year 1998 1999 2000 2001 2002 CPI 163.0 166.6 172.2 177.1 179.9 Year 2003 2004 2005 2006 CPI 184.0 188.9 195.3 201.8 a. Compute the inflation rate for each year 1989-2006. b. Which years were years of inflation? What do you expect to happen to real interest rates during this time period if nominal rates remain unchanged? c. In which years did deflation occur? What do you expect to happen to real interest rates during this time period if nominal rates remain unchanged? d. In which years did disinflation occur? 4. What are some of the costs associated with anticipated inflation? Why do these differ from those associated with unanticipated inflation? Directions for Submitting your Assignment [MT445 | Managerial Economics] Compose your Assignment in a Microsoft Word ® document and save it as Username-MT445 Assignment-Unit#.doc (Example: TAllen- MT445 Assignment-Unit8.doc). Submit your file by selecting the Unit 8: Assignment Dropbox by the end of Unit 8. Unit 8 Assignment Content and Analysis Points Possible Problem #1 Determine whether each of the following would cause a shift of the aggregate demand curve, a shift of the aggregate supply curve, neither, or both. Which curve shifts, and in which direction? What happens to aggregate output and the price level in each case? (a-d) 16 Problem #2 Determine whether the following statements are true or false. (i. – iv.) 8 Problem #3 Refer to the following data on the U.S. consumer price index and answer the questions below. (a-d) 8 Problem #4 What are some of the costs associated with anticipated inflation? Why do these differ from those associated with unanticipated inflation? 7 Writing Style, Grammar, and APA Format. 6 Total 45 Points Earned

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