Consider a baseline short run equilibrium where output is 16 trillion dollars, and the price level is 20. Note: In the Long Run Steady State Equilibrium, Price expectation is the same as price level & unemployment is 5% or lower. None of these are guaranteed in the short run. Usually, short run equilibrium is called an underemployment equilibrium.
• Starting from the baseline, suppose COVID 19 hits this economy. If this disease only makes workers sick (everything else remaining constant) can you show how would the short run steady state equilibrium will be disrupted? As a Keynesian Macroeconomist, what policies will you propose?
• You should answer in the following steps
Step 1) What happens in the short run to short run equilibrium price level and aggregate quantity & why? (Think about which curve shifts in which direction and why & where is the new short run equilibrium?)
Step 2) What policies would you propose now
(Monetary/Fiscal; Expansionary/contractionary)? As you know by now there are many different ways to implement Fiscal and Monetary policies. Which method did you select? (Cutting taxes, increasing taxes, reducing government expenditure, increasing government expenditure for fiscal policies, & lowering reserve ratio, increasing reserve ratio, OMO buying
bonds, OMO selling bonds etc. for monetary policies.)
Step 3) Based on the policy you selected in Step 2, tell us which way will what curve shift?
Step 4) What is the final objective of the policies that you selected in Step 2? Do you want full employment? Do you want to low inflation? You want to say what objectives can you attain using the policies you selected in step 2.

Answers

Answer 1

Step 1) In the short run, if COVID-19 only affects workers by making them sick, it will lead to a decrease in labor supply.

This will shift the aggregate supply (AS) curve to the left. As a result, the short run equilibrium price level will increase, and the aggregate quantity (output) will decrease. The new short run equilibrium will have a higher price level and a lower output level.

Step 2) To address the disruption caused by COVID-19, as a Keynesian Macroeconomist, I would propose expansionary fiscal policy. This involves increasing government expenditure to stimulate economic activity and offset the negative impact of the decrease in output.

Step 3) The expansionary fiscal policy will shift the aggregate demand (AD) curve to the right. This is because increased government expenditure will increase overall spending in the economy, leading to an increase in aggregate demand. The aggregate supply curve (AS) will remain unchanged in this step.

Step 4) The objective of the expansionary fiscal policy is to stimulate economic growth and restore output to its pre-COVID-19 level. The policy aims to reduce the unemployment rate that has increased due to the decrease in output. It focuses on achieving higher employment levels rather than targeting inflation in the short run.

By increasing government expenditure, the policy aims to create more job opportunities and increase aggregate demand, which will lead to higher output and a lower unemployment rate. However, it is important to note that this policy may also have inflationary implications in the long run, so it should be implemented with caution and monitored carefully.

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Related Questions

As Lululemon is traditionally a yoga apparel company and Lululemon educators are viewed as educators, performance of yoga poses are included in the selection process. This is an example of




a. Reference checking



b. Application



c. Training



d. Recruitment



e. Testing

Answers

The process of checking for the performance of yoga poses by Lululemon is known as e. Testing.

What is testing?

This is a process by which a prospective employer checks to make sure that a prospective employee can do the job.

In checking the yoga poses of people they want to hire, Lululemon is testing to see if the person can be a good educator that would represent the company well.

In conclusion, option E is correct.

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________ innovation is based on the conviction that new products and consumer solutions can successfully emerge only from inside the organization. marketing

Answers

Marketing innovation is based on the conviction that new products and consumer solutions can successfully emerge only from inside the organization.

What is marketing innovation?

Marketing innovation is a term used to refers to how the new products can be used to convince the consumer so they can buy it.

It is based on the organization can comes up with better idea to win heart of consumer.

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when a monopoly maximizes profit, deadweight loss will be larger if demand is

Answers

When a monopoly maximizes profit, deadweight loss will be larger if demand is relatively elastic.

How does the elasticity of demand affect deadweight loss when a monopoly maximizes profit?

Deadweight loss refers to the economic inefficiency and loss of welfare that occurs when the quantity of a good or service produced by a monopoly deviates from the socially optimal level.

The size of deadweight loss depends on various factors, one of which is the elasticity of demand.

When demand for a product is relatively elastic, it means that consumers are highly responsive to changes in price. In this case, if a monopoly increases its price, the quantity demanded will drop significantly.

As a result, the monopoly will face a larger deadweight loss because the decrease in consumer surplus (due to higher prices) outweighs the increase in monopolist's profit.

On the other hand, when demand is relatively inelastic, consumers are less responsive to price changes. If a monopoly increases its price, the quantity demanded will decrease only slightly.

Consequently, the deadweight loss will be smaller since the decrease in consumer surplus is not as significant compared to the increase in the monopolist's profit.

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Which account is credited when a transaction is processed using the write checks window?

Answers

When a transaction is processed using the Write Checks window, the account that is credited is typically the bank account from which the check is written.

1. Access the Write Checks window in your accounting software or system.


2. Select the bank account from which the check will be issued. This is the account that will be credited when the transaction is processed.


3. Enter the payee information, the date, and the amount of the check.


4. Assign the proper expense account(s) to which the check amount will be debited.


5. Save or record the transaction in the system.

Upon recording the transaction, the bank account selected in step 2 will be credited, indicating a decrease in the account balance due to the check being issued. Meanwhile, the expense account(s) selected in step 4 will be debited, reflecting an increase in the company's expenses.

It's important to keep accurate records of transactions and ensure that the appropriate accounts are credited and debited to maintain an organized and accurate financial system. This will help your business have a clear understanding of its financial position and make informed decisions.

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Which of the following statements is true?

Answers

Answer:

True

Explanation:

an offer that can only be accepted by an offere's performance creates a(n) __________________________ contract​

Answers

Answer: unilateral contract

Explanation:

An unilateral contract is a contact that is formed when an individual offers to do a particular thing in return for either money or something else that was agreed on.

Once such individual does that thing, he or she has to be given what was agreed on in the contract. A typical example is the contact regarding an insurance policy.

Therefore, an offer that can only be accepted by an offere's performance will create a unilateral contact.

Suppose that Defenestration decides to pay a dividend of only $2 per share this year and use the remaining $2 per share to repurchase stock. If Defenestration maintains this dividend and total payout rate, then the rate at which Defenestration's dividends and earnings per share are expected to grow is closest to what?

Answers

Answer:

Missing word "Defenestration Industries plans to pay a $4.00 dividend this year and you expect that the firm's earnings are on track to grow at 5% per year for the foreseeable future. Defenestration's equity cost of capital is 13%."

P0 = dividend payout per share/ (k-g)

Where g is firms earning growth = 5% or 0.05

And k is the cost of capital = 13% or 0.13

Therefore P0 = $4 / (0.13 -0.05) = $50

But if the payout is $2 per share and $2 per share is used to repurchase stock then to get the price of the stock in one year given the current price of $50.00, dividend at $2 and the 13% cost of capital we get

$50 = $2 + X / (1.13)

Therefore x = $54.5

At a current price of $50, we can expect that Defenestration Industries stock to sell for $54.50 immediately after the firm pays the dividend in one year

Therefore the growth is (54.5 -50)/50 = 9%

If you tell me a good counter to this argument fast, I'll give u brainliest + five star (HELP)
If a school duration is not year-round, then students will most likely forget alot of things they learned over school year.

Answers

We certainly blank out things over time, and there's no reason to evaluate that what students learn in school should be an exception.

What do you mean by Argument?

Making an argument involves two or more individuals reacting to one another's claim and support for such a claim.

There are a few unusual reasons why the brain forgets, but the two main causes are decay and disuse. Decay is a natural process that refers to the gradual loss of information over time. When we first learn something, it is stored in our short-term memory, which is relatively small and can only hold a very small amount of information.

Therefore, The statement “If a school duration is not year-round, then students will most likely forget a lot of things they learned over the school year.” is correct.

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What is a disadvantage of using a checking account instead of other types of
accounts?
A. You will likely not have federal protection for your money.
B. You will pay a fee if you make too many transactions.
C. You will generally not receive interest.
D. You will pay a penalty if you withdraw your money.

Answers

B. You will pay fee if you make to many transactions.

Answer:

you will generally not receive interest

Explanation:

took the quiz

The expected return on Share Z is 17.50% with a beta of 1.90. If the risk-free rate is 8%, then what is the expected return on the market

Answers

Answer:

13%

Explanation:

Expected return on market = ((Expected return - Risk-free rate) / Beta) + Risk-free rate

Expected return on market = ((17.50% - 8%) / 1.90) + 8%

Expected return on market = 9.5%/1.90 + 8%

Expected return on market = 0.05 + 0.08

Expected return on market = 0.13

Expected return on market = 13%

In for peny, in for a pound , taking care of the rands and cents​

Answers

Answer:

l don't understand the question you ask

See Answer
Question: While Tiger Woods, A Famous Golfer, Was Shopping In Value Market, He Slipped And Fell On A Wet Floor In One Of The Aisles. The Floor Had Recently Been Mopped By One Of The Store’s Employees, But There Were No Signs Warning Customers That The Floor In That Area Was Wet. As A Result Of The Fall, Woods Injured His Right Arm And Was Unable To Play Golf For The

Answers

The court will likely agree with Woods because the Value Market is responsible for posting signs that warn customers that the floor in the aisle was wet.

According to the facts given in the question, Tiger Woods, the famous golfer, was shopping in Value Market. He slipped and fell on a wet floor in one of the aisles. The floor had recently been mopped by one of the store’s employees, but there were no signs warning customers that the floor in that area was wet.

As a result of the fall, Woods injured his right arm and was unable to play golf for the next three months. Had he been able to play in the scheduled tournaments, he would have earned approximately $600,000 over that period of time. Woods sued Value Market for this amount, plus another $10,000 in medical expenses. He claimed that Value Market’s failure to warn customers of the wet floor constituted negligence and therefore the market was liable for his injuries.

Negligence is the failure to exercise the standard of care that a reasonable person would have exercised in similar circumstances, thus resulting in injury or damage to another person.  Therefore, Value Market's negligence caused Tiger Woods to slip on the wet floor and injure himself. The court will likely agree with Woods that Value Market is responsible for posting signs that warn customers that the floor in the aisle was wet and is liable for Woods' injuries.

The complete question:

While Tiger Woods, a famous golfer, was shopping in Value Market, he slipped and fell on a wet floor in one of the aisles. The floor had recently been mopped by one of the store’s employees, but there were no signs warning customers that the floor in that area was wet. As a result of the fall, Woods injured his right arm and was unable to play golf for the next three months. Had he been able to play in the scheduled tournaments, he would have earned approximately $600,000 over that period of time. Woods sued Value Market for this amount, plus another $10,000 in medical expenses. Woods claimed that Value Market’s failure to warn customers of the wet floor constituted negligence and therefore the market was liable for his injuries. Will the court agree with Woods?

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How does Hurricane Katrina illustrate the problem with insurance?

Answers

Answer:How does Hurricane Katrina illustrate the problem with insurance? It illustrates the problem with insurance because it was a wide spread disaster for many people. ... It's not like insurance companies have an unlimited supply of money so they often declined a lot of people's claims. This was often very discriminating too

Explanation:mark brainliest ineed 2 more

In general, which TWO characteristics define a "small" business?

A. Fewer than 1,500 employees

B. Non-profit

C. Between 500 and 2,500 employees

D. Less than $35.5 million revenue

E. No more than $200,000 in sales

Answers

Small business includes business privately owned, through partnership or sole proprietorship and has fewer employees and revenue lesser than a regular-sized business.

Examples of Small business are Personal Trainers,  Local Auto Repairs, Fair Online Stores, Home care services etc

The major characteristic of small business are

Lower Revenue and Profit Lower EmployeesSmall Market Area Sole or Partnership Ownership

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Answer:

A. Fewer than 1,500 employees
D. Less than $35.5 million revenue

Explanation:

-These characteristics define a small business
(I took a test and got it right, sorry that I don't have a further explanation)

Wk6D9sc_Business success, business failure and life Monday, 12 September 2022, 5:56 PM Read the article on the business billionaire and then discuss here what are the two main points to take away from the article. Make SURE that one is a financial comment, and the second point is a comment about life.

Answers

In general, one key point to take away from discussions about business success is the importance of sound financial management.

Financial considerations play a crucial role in the success of any business, including managing cash flow, profitability, investments, and risk. Understanding financial statements, budgeting, and making informed financial decisions are fundamental aspects of running a successful business.

On the other hand, it is also important to recognize that life extends beyond business success and financial achievements. While financial success can provide opportunities and security, it is equally important to find balance and fulfillment in other aspects of life. This includes maintaining personal well-being, nurturing relationships, pursuing hobbies and passions, and finding meaning beyond the realm of business. Achieving a healthy work-life balance and prioritizing personal happiness and fulfillment can contribute to long-term satisfaction and overall success, not just in business but in life as a whole.

While these points are general in nature, they highlight the significance of both financial management and personal well-being when considering business success and its impact on life. It is essential to strike a balance between financial goals and personal fulfillment to lead a successful and fulfilling life.

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Point (4,-3) is at a Perpendicular distance of_________________
from the X-axis​

Answers

wouldnt the answer be 3 units?

The OSHA Construction requirement of 1926.1424 to create an area to protect
workers from a Swing Radius Hazard is called:
•Rest Area Control
•Work Area Control
•Breakfast Area Control
•Parking Area Control

Answers

The OSHA Construction requirement of 1926.1424 to create an area to protect workers from a Swing Radius Hazard is called:

B. Work Area Control

What is Work Area Control?

This refers to the section of work which is specifically designed to offer security and protection to workers so that they would not have a work-related injury.

With this in mind, we can see that the OSHA Construction requirement of 1926.1424 was made to create a Work Area Control which would protect workers from a Swing Radius Hazard.

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You have a chance to buy an annuity that pays $3,300 at the beginning of each year for 3 years. You could earn 5. 5% on your money in other investments with equal risk. What is the most you should pay for the annuity?.

Answers

At most, what you should pay for the annuity is $8,903.18.

What should you pay at most for the annuity?

In order to determine the required value, the present value of the annuity should be determined. The present value is the sum of discounted cash flows.

Discounted cash flow from year  1 to 3 = (3300 / 1.055) + (3300 / 1.055²) + (3300 / 1.055³) = $8,903.18

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IIf there is no tax placed on the product in this market, total surplus is the area
a. A + B + C + D.
b. A + B + C + D + E + F.
c. B + C + E + F.
d. E + F.
e. A + D + E + F.

Answers

The correct answer is (b). A + B + C + D + E + F.

This is because:

Total surplus is the total welfare generated by a market, which is the sum of consumer surplus and producer surplus. Consumer surplus is the difference between the amount that consumers are willing to pay for a product and the actual price they pay. Producer surplus is the difference between the actual price producers receive for a product and the minimum price they are willing to accept.

- Consumer surplus represents the difference between what consumers are willing to pay and the price they actually pay. It is represented by areas A and B.
- Producer surplus represents the difference between the price producers receive and their cost of production.

If there is no tax placed on the product in this market, then the total surplus is the sum of the following areas:

A: Consumer surplus

B: Producer surplus

C: Government revenue (which is zero in this case)

D: Deadweight loss (which is also zero in this case, since there is no tax)

E: Economic rent (which is the additional surplus generated by a market when a resource is scarce)

F: Any external benefits or costs (which are assumed to be zero in this case)

Therefore, the total surplus in this market is the sum of A + B + C + D + E + F, which is answer choice b.

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what is the difference between Fee Simple vs Leasehold Co-op?

Answers

Fee simple and leasehold co-op are both forms of property ownership, but they differ in terms of ownership rights and responsibilities.

Here are some key differences between Fee Simple and Leasehold Co-op:

Ownership rights: In fee simple, the owner has complete and indefinite ownership rights over the property. In leasehold co-op, the resident only has a leasehold interest in the unit and does not own the underlying land or building.Responsibility for maintenance: In fee simple, the owner is responsible for the maintenance and repairs of the property. In leasehold co-op, the corporation that owns the building is responsible for maintenance and repairs of the building and common areas.Control over use: In fee simple, the owner has complete control over the use of the property. In leasehold co-op, the resident must abide by the bylaws and rules of the cooperative and may not have the same level of control over the use of the property.

Overall, the choice between fee simple and leasehold co-op depends on individual circumstances, preferences, and the specific laws and regulations of the jurisdiction in which the property is located.

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An extremely rainy spring and summer may impact growing crops. This is an example of what type of risk

Answers

Answer:

Environmental risk

Explanation:

In simple words, The environmental risk of farming refers to the affect that various agricultural activities have on the environments in which they operate, as well as how those impacts can be linked to those practices. Agriculture's ecological influence varies greatly depending on the activities used by growers as well as the size at which they operate.

under the omnibus crime control and safe streets act of 1968, what are employers allowed to do?

Answers

Answer:only monitor phone calls for compliance

Explanation:

Which two ways is productivity commonly measured? (Select two answers.) Number of workersAge of workersHours of laborLevel of educationNumber of competitors

Answers

Answer:

Number of workersHours of labor

Explanation:

Productivity is a gauge of efficiency in the production process. The most common way of calculating it is by dividing the outputs by inputs.

The other way of calculating productivity is through labor. Labor productivity assesses the rate of output per worker per unit of time, usually hourly.  Labor productivity is also the business's total production per unit of time, say an hour or per day.

using data to demonstrate the connections between implemented hr practices and agency performance is

Answers

Using data to demonstrate connections between implemented HR practices and agency performance is referred to as "HR analytics".

The HR analytics involves collecting, analyzing, and interpreting data related to HR practices, employee behavior, and organizational performance to gain insights and make data-driven decisions.

By examining the data, organizations can identify correlations, trends, and patterns that help establish the impact of specific HR practices on agency performance.

This approach enables organizations to measure the effectiveness of their HR strategies, identify areas for improvement, and make informed decisions to optimize HR practices and ultimately enhance agency performance.

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The given question is incomplete, the complete question is

Using data to demonstrate the connections between implemented hr practices and agency performance is called as ?

jonah, a manager for abc construction, believes that the average worker will, under proper conditions, not only accept but also actually seek responsibility. jonah would be described as

Answers

According to the business terms, Jonah would described as Organizer.

What is meant by business?

in economics, business is an enterprising entity or organization that carries out professional activities.

Here we know that Jonah, a manager for ABC construction, believes that the average worker will, under proper conditions, not only accept but also actually seek responsibility.

And we need to find the Jonah would be described as what tye of employee.

As we know that, the process by which managers monitor and regulate how efficiently and effectively an organization and its members are performing the activities necessary to achieve organizational goals is known as organizing.

Therefore, the resulting designation is organizer.

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Braedon’s employer is requiring his employees to work ten-hour days for the next week, starting on April 10th. In which workplace is Braedon most likely working?

a mortgage company
a credit union
a tax preparation office
an insurance company

Answers

a tax preparation company, because april is tax season.

Answer:

C

Explanation:

I got it correct

Which of the following items best describe a project Work Breakdown Structure (WBS)?
A. An organizational chart depicting who will perform project work.
B. A schedule depicting when project work will be performed.
C. A framework that identifies project deliverable.
D. A list of activities to complete the project work package.

Answers

A schedule depicting when project work will be performed best describes a project Work Breakdown Structure (WBS).

Simply put, a project is a set of tasks that must be completed to achieve a certain result. A project can also be defined as the set of inputs and outputs required to achieve a specific goal. Projects can range from simple to complex and can be managed by 1 or 100 people.

Project, or more commonly Project, is an American English slang term that refers to public housing for low-income residents. It stands for Public Housing Project. plan. [Transitive, usually passive] Planning something to plan future activities, projects, etc. The next edition of the book plans to come out in March. The planned housing development is expected to materialize next year.

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Consider a production function in two factors Q = f(KL) that is CRS. When the MPK is positive and falling the MPL is a. falling b.rising c. positive d.flat e.a and c of the above

Answers

The correct answer is:

e. a and c of the above: when the MPK is positive and falling, the MPL is also falling.

How does a falling MPK affect the MPL in a CRS production function?

In a production function with two factors, Q = f(KL), that exhibits constant returns to scale (CRS), when the marginal product of capital (MPK) is positive and falling, it implies diminishing returns to capital.

This means that as more units of capital (K) are added while holding labor (L) constant, each additional unit of capital contributes less to the increase in output (Q).

On the other hand, the marginal product of labor (MPL) can still be positive in this scenario, indicating that labor input is still adding to the total output. Therefore, the correct answer is e. a and c of the above - the MPL is positive, but it is falling as more labor is added.

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Suppose a company will issue new 20-year debt with a par value of $1,000 and a coupon rate of 8%, paid annually. The issue price will be $1,000. The tax rate is 35%. If the flotation cost is 2% of the issue proceeds, then what is the after-tax cost of debt? Disregard the tax shield from the amortization of flotation costs. Round your answer to two decimal places. % What if the flotation costs were 11% of the bond issue? Round your answer to two decimal places. %

Answers

Answer:

if the flotation costs were 2%, the after-tax cost of debt is 5.10%

if the flotation costs were 11%, the after-tax cost of debt is 4.63 %

Explanation:

After-tax cost of debt = Market Interest × ( 1 - tax rate)

Calculation of the Market Interest

Hint : Use the time value of money principles

Pv = -$1,000

Pmt = $1,000 × 8 % = $80

P/yr = 1

N = 20

Fv = $1,000

YTM = ?

Using a financial calculator, the market interest is 8%

After-tax cost of debt = Market Interest × ( 1 - tax rate)

                                   = 0.08 × (1- 0.35)

                                   = 0.052 or 5.20 %

If Flotation cost is 2%

Net Receipts after flotation cost = Cost × ( 1 - flotation rate)

                                                     = 5.20 % × (1-0.02)

                                                     = 5.096 % or 5.10% (two decimal places)

If Flotation cost is 11%

Net Receipts after flotation cost = Cost × ( 1 - flotation rate)

                                                     = 5.20 % × (1-0.11)

                                                     = 4.628 % or 4.63 % (two decimal places)

Which one does not describe the ways that players associations support players? A. Providing them with guidance in salary and labor arbitration. B. Providing them with equipment and instruction to enable them to perform at the highest possible level. C. Providing them with salary and contract data. D. Providing them with information to support negotiations.

Answers

Answer: Providing them with equipment and instruction to enable them to perform at the highest possible level.

Explanation:

Players association support players by providing them with guidance in salary and labor arbitration, providing them with salary and contract data and also by providing them with information to support negotiations.

It is not the function of the players association to provide players with equipment and instruction to enable them to perform at the highest possible level.

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