Order ready-to-submit essays. No Plagiarism Guarantee!
Note: Our papers are 100% human-written, not AI-generated.
We Write Essays for Students
Tell us about your assignment and we will find the best writer for your paper
Get Help Now!
ECON1000 FO S2 2015, Quiz 2
Page 1 of 1
ECON1000 FO S2 2015, Quiz 2 – Short Answer
Opens/Available on Bb: Monday, October 26th, 9:00pm. So, dearest online
student, you have four (4) full days to complete the ‘take home’ Quiz 2 (worth
5%). This quiz should be useful for your final examination preparation.
STRICT DUE DATE – upload to Bb: Friday, October 30th, 11:55pm
(end of week 11)
INSTRUCTIONS:
? Answer both quiz activities on your own – 5 marks for each question are indicated. Total
mark is converted to an appropriate percentage value, rounded to the nearest half?mark.
? For question 1a, the AD/AS diagram can be hand drawn (if preferred) and then scanned into
an editable text, Word Document.
? Please include your Full Name and Student ID as a title in the Word Document
and for the file name when submitting your work.
? Upload to Turnitin by the due date – link available under the Assessments tab in Bb.
QUIZ ACTIVITY 1a: application of monetary policy in the basic AD/AS model
You are the Treasurer of the Australian economy and are reviewing the
following economic data in 2016-2017:
Real GDP growth rate per capita: 0.5%
Unemployment rate: 7.0%
Inflation rate: 1.0%
Determine what phase of the business cycle the Australian economy is likely to be
experiencing. Provide specific reasons for your answer. Use the AD/AS model to show
the position of this economy. Explain whether the Australian government should use
expansionary or contractionary monetary policy to move the economy back to the long
run, full-employment GDP equilibrium. [write total answer in 280 words or less]
[5 marks]
QUIZ ACTIVITY 1b: effectiveness of monetary policy in stimulating aggregate demand (AD)
Is the relationship between interest rates and the components of AD (C, I, G, X – M)
known with any accuracy? How effective are interest rate reductions during severe
recessions? [write total answer in 380 words or less]
[5 marks]
PLACE THIS ORDER OR A SIMILAR ORDER WITH LITE ESSAYS TODAY AND GET AN AMAZING DISCOUNT
The post Determine what phase of the business cycle the Australian economy is likely to be experiencing. appeared first on Cheapest Academic Custom Papers.
Welcome to originalessaywriters.com, our friendly and experienced essay writers are available 24/7 to complete all your assignments. We offer high-quality academic essays written from scratch to guarantee top grades to all students. All our papers are 100% plagiarism-free and come with a plagiarism report, upon request
Tell Us “Write My Essay for Me” and Relax! You will get an original essay well before your submission deadline.
