Collect
an article from an Australian newspaper that relates to the current
macroeconomy. In a paragraph indicate which section of the course it applies
to, why you selected the article and provide a brief summary of what the
article is about (1 mark)
Many people find the current unemploymentfigures for Australia a bit unbelievable. Why is his? (1 mark)
Using
the simple Keynesian model to assess the implications for equilibrium GDP and
the level of savings of an increase in the savings function. What would happen
to equilibrium income if there is a sustained rise in private investment
spending? (2 Marks)
5. State the difference between:
Inflation and deflation.
-between the interest rateand the exchange rate
- between the balance of paymentsdeficit and the budget deficit
-between the trade deficit and netforeign debt (2 marks)
6. Assuming that
the money market is initially in equilibrium, trace through the effects of a
rise in the money supply on the money market on the interest rate and also on
output, employment and the price level. (2 marks)
Distinguish between demand pull and cost push
inflation. Why might it be difficult to establish the extent to which a given
rate of inflation is demand pull or cost push? (2 marks)
Using the AD-AS model show how the Australian economy
has continued to expand year after year. What are the macroeconomic dangers
facing Australia? That is, are there any dark clouds, be they domestic or
international ones, which could threaten the Australian economy? (2 marks)
The central bank decided to implement an expansionary
policy action. What would you expect to happen to the nominal interest rate,
the real interest rate and the money supply? Under what economic circumstances
would this type of policy action be most likely appropriate for the
country? (2 marks)
Why has the Australian dollar soared over the last
five years? What are the domestic economic repercussions for producers and forconsumers? (3 marks)
是真的!不会啊··
追答那你好好看书吧。。。我帮你做了是害了你还对我没半点好处,这么基础的都不知道,你要挂科的