Eco82001 - economics and quantitative analysis short, Macroeconomics

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Eco82001 - economics and quantitative analysis short

ECONOMICS AND QUANTITATIVE ANALYSIS SHORT WRITTEN RESPONSES - MACROECONOMICS ASSIGNMENT

Instructions - Prepare short written responses for the following five (5) questions. Answers for each question must not exceed 250 words.

Question 1: Explain why real GDP might be an unreliable indicator of the standard of living.

Question 2: Why does unemployment arise and what makes some unemployment unavoidable?

Question 3: Consider the following statement: 'When the average level of prices of goods and services rises, inflation rises'? Do you agree or disagree? Explain.

Question 4: What is the aggregate demand (AD) curve and why does it slope downwards? Explain.

Question 5: What is the long run aggregate supply (LRAS) curve and why is it vertical? Why does the short run aggregate supply curve slope upwards?

Word Count: 1250 Words.

Audio Link - https://www.dropbox.com/s/c5h555k2b58e5z3/Audio.rar?dl=0

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Macroeconomics: Eco82001 - economics and quantitative analysis short

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Macroeconomics: Eco82001 - economics and quantitative analysis short

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