Need help with Macroeconomics homework ?

Need help with Macroeconomics homework ?

1. Which of the following changes will result in a shift of the aggregate demand curve, and which will result in a movement along the curve? If there is a shift, or a movement, be sure to explain in which direction, and why (either up or down, or, right or left). 1 pt eacha. The Fed lowers interest rates.b. The price level in the economy falls.c. Wealth decreases.d. A foreign trading partners national income increases.2. With a two panel diagram one panel showing the aggregate expenditure diagram, and the other showing the AD curve show how a decrease consumption shifts the AD curve.2 pts3. What will happen to the aggregate supply curve if the price of foreign oil decreases? Will it cause a movement along the curve or a shift of the curve? Explain clearly. 2 pts4. Is there any difference between the aggregate demand curve and the demand curve for good x? Explain . 2 pts


Comments are closed.