Economics Answers

Which variables would have to be affected in each case to bring about the relevant changes in aggregate supply or aggregate demand?

show graphically, methods by which the economy might be moving towards full employment

Explain the combined effect of an increase aggregate demand and decrease short run aggregate supply on a country's real GDP and the price level, starting from a position of a long-run(full-employment) equilibrium

Use AD-SAS-LRAS graphs to show the effects of each event on Fiji's real GDP and the price level, starting from a position of long run(full employment) equilibrium

(A) indicate which of the following statements on constitution is/are the most correct?

1. The united kingdom has an unwritten constitution
2. Constitution may be found in totalitarian states
3. A constitution has to be written in one single document
4. A constitution guarantees that the state will be governed according to the stipulation of the constitution

1. A and B
2. B and C
3. C and D
4. C only
5. A, B and C

With regard to coal shortages and municipal debts, what forms of interventions do you think Eskom can put in place in order to cover up for all the debts and continue operating? Incorporate relevant graphs in your answer.

When we need money in Nigeria, why do we borrow money from other countries when we are going to pay interest rather than printing the money through Central Bank of Nigeria.

If reducing debt means spending cuts, will aggregate expenditure fall by more than, less than or exactly the same as the spending cuts? Explain

If the money market is in short-run equilibrium, explain the adjustments that will take place for:
i) an increase the in money supply (2 marks)

ii) increase in the demand for money (2 marks)

Suppose that because of a recession, the real wage increases to (W/P) = 8 units. As a result the cyclical rate of unemployment will equal

percent and the real GDP will equal

units.