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    Assignment 5 B

    Uploaded by

    Prince Wamiq
    The document provides instructions for a college economics assignment. Students are asked to solve review questions from a textbook, describe aggregate demand and supply curves, and analyze the effects of consumer optimism, government purchases, and taxes using the aggregate demand-aggregate supply framework.

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    © All Rights Reserved
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    Assignment 5 B

    Uploaded by

    Prince Wamiq
    27 views1 page
    The document provides instructions for a college economics assignment. Students are asked to solve review questions from a textbook, describe aggregate demand and supply curves, and analyze the effects of consumer optimism, government purchases, and taxes using the aggregate demand-aggregate supply framework.

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    Assignment 5 B

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    The document provides instructions for a college economics assignment. Students are asked to solve review questions from a textbook, describe aggregate demand and supply curves, and analyze the effects of consumer optimism, government purchases, and taxes using the aggregate demand-aggregate supply framework.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    27 views1 page

    Assignment 5 B

    Uploaded by

    Prince Wamiq
    The document provides instructions for a college economics assignment. Students are asked to solve review questions from a textbook, describe aggregate demand and supply curves, and analyze the effects of consumer optimism, government purchases, and taxes using the aggregate demand-aggregate supply framework.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
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    Name: ________________________________

    INSTITUTE OF BUSINESS MANAGEMENT

    COLLEGE OF BUSINESS MANAGEMENT


    ECO 401 Micro and Macro Economics
    Assignment # 5B

    Due Date: On the day of Final Exam

    Solve the following questions from the book I sent you people in soft format i.e. 8th edition, Abel and Bernanke
    (Macroeconomics).
    1. From Page 314 solve all the Review Questions
    2. What two variables are related by the aggregate demand (AD) curve? Why does the AD curve slope
    downward? Give two examples of changes in the economy that shift the AD curve up and to the right
    and explain why the shifts occur.
    3. Describe the short-run aggregate supply (SRAS) curve and the long-run aggregate supply (LRAS)
    curve. Why is one of these curves horizontal and the other vertical?
    4. Use the ADAS framework to analyze whether money is neutral in the short run and whether it is
    neutral in the long run.
    5. Use the ADAS framework to analyze the effect of the following on output, employment and price
    level according to Classical economists and Keynesian economists.
    b. An increase in consumer optimism that increases desired consumption at each level of income
    and the real interest rate.
    c. A temporary increase in government purchases.
    d. An increase in lump-sum taxes, with no change in government purchases
    Note: The Assignment should be hand written on A4 paper. Read chapter 8 and your class lecture carefully before solving this
    assignment.

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