economics question

Question # 00003431 Posted By: neil2103 Updated on: 11/11/2013 11:42 PM Due on: 11/20/2013
Subject Economics Topic General Economics Tutorials:
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1. What impact would a change that shifts an economy's production possibilities curve outward have on the long run aggregate supply curve? How have improvements in computer technology affected production possibilities and the long run aggregate supply curve? Explain


2. Construct the AD, SRAS, and LRAS curves for an economy experiencing:

(a) full employment, -figure A

(b) an economic boom,-figure B

and (c) a recession- figure C


3. What is a budget deficit? How are budget deficits financed? Why do Keynesians believe that budget deficits will increase aggregate demand?



4. When output and employment slowed in early 2008, the Bush Administration and the Democratic Congress passed a legislation sending households a check for $600 for each adult (and $300 per child). These checks were financed by borrowing. Would a Keynesian favor this action? Why or why not?

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Tutorials for this Question
  1. Tutorial # 00003237 Posted By: neil2103 Posted on: 11/11/2013 11:44 PM
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