Explain with illustrations the impact of demand shocks on the real GDP and the price level?

Write one page about for a product or service of your choice, the price of the product or service compared to other competitor prices (who are the top competitors, and the business or organization that sells the product. Identify three fiscal policies. Explain how the three fiscal policies impact supply and demand for the chosen product or industry. What causes movement or shifts in supply and demand for your chosen product or service? Forecast what the price of the product will be in a year and explain why? Are there any controversial issues surrounding the product or service?
A general introduction to the paper including the name of the product or service, and industry. Explain why you chose the product or service and industry.
A detailed discussion of the specific topic you have chosen. Select three fiscal policies and explain the impact on the product or industry. This is the body of your essay assignment. Support and document your findings with citations from your sources.
A concluding paragraph reflecting on the process of research and the future of the product or service and anticipated price in the future.

​China's GDP growth target for the 12th​ Five-Year-Plan period​ 2011-2015 is 7 percent a year. This largely symbolic goal​ (China's average growth rate for the past five years was a whopping 11 percent a​ year) shows that the central government wants to fundamentally restructure the economy.

If China reduces its economic growth rate from 11 percent a year to 7​ percent, how many additional years will it take for GDP to​ double?

In what year will​ China's GDP​ quadruple?

When GDP grows at 11 percent a​ year, GDP in China doubles in ___ years.

Suppose that the Statistical Institute uses information about three goods to construct the basket to be used for construction of Consumer Price Index (CPI). The set of prices and the set of quantites describing the basket of goods at the year of t respectively is the following: Pt = {Pat , Pbt , Pct } ; Qt = {Qat , Qbt , Qct }
i) Please show the CPI for the year of t = 2 (2 years after base year- at the base year t=0) which would contain elements belong to sets of Pt and Qt. (Hint: The formulation should include summation over goods for t = 0 and t=2 ).   

ii)Suppose at the base year (t=0) all prices are doubled. Construct the CPI under the new setting for the year of t=2. (5 points)

iii) Suppose that a year after the base year (at t=1) all prices are freezed, was not allowed to change. Additionally, suppose that all price controls were lifted at the second year after the base year (at t=2). Pta increased by %150, Pbt increased by %100 and Pct increased by %200 at the year of t=2. Under these settings calculate the inflation from the year of t=0 to the year of t =1 and the inflation from the year of t=1 to the year of t =2. (Please solve (only) 1.iii) by assigning numbers to elements for the set of Pt and for the set of Qt ) (10 points)

1.A monopolist has a constant MC = 40 per unit produced, has no fixed costs and faces a demand curve of q = 200 – 2P. If the monopolist sells at a single price, which statement is true about the monopolist’s profit-maximising quantity and price? Group of answer choices

q = 120, P = 40 q = 40, P = 80 q = 60, P = 70 q = 40, P = 60 None of the other answers is correct

2

If a firm is currently producing in the elastic part of the demand curve. The firm:

Group of answer choices

A.cannot increase its total revenue further because it is already maximized

B.None of the other answers is correct.

C.can increase its total revenue by shutting down

D.can decrease its total revenue by decreasing the price

E.can decrease its total revenue by increasing the price

What does the CPSP (Centralized Private Sector Planning )thesis say about the difference between the modern industrial economy and Adam Smith's economy? (That is Smith's Laissez Faire Capitalist vision)

Suppose a central bank that has an inflation targeting mandate.

a. Explain why such a mandate might lead to monetary policy becoming a stabilizing policy regarding real GDP. [Hint: Use an AD-AS diagram.]

b. Given the long and variable lags involved in the full effects of monetary policy being felt throughout the economy, is there any danger that the inflation mandate might turn out to be destabilizing (leading to wider swings in GDP)? Explain.

Analyze the economic effects of policy changes in a healthcare organization

Fertility rates have important economic effects. Discuss two direct and two indirect effects of fertility on economic development. (1000 words)

When China, the world’s factory, is impacted, global supply chains are impacted:

Discuss the supply chain disruption challenges and how is COVID-19 affecting industries?

1000 word minimum.

1. Use the AS-AD model to derive the effects of a reduction in MT:

2. Use the AS-AD model to derive the effects of a drop in animal spirits SP:

General Guide line

1. Show the effects on P, Y , r, C, I, N, and W/P:

2. Show the effects for the short run and the long run, and indicate which response is larger, whenever possible.

3. Show all steps using diagrams and formulas. No credit will be given for incomplete arguments.

Question: Which sectors of the economy are the worst hit by Corona Pandemic and which sectors may have benefited from the Corona Pandemic? Take one or more countries as examples for your answer. Support your findings with data and analysis as much as possible. Clearly mention the country name(s).

Direction: Please answer the question in detail. Support your answer with data and references as much as possible. Do not copy and paste. Write in your own words and provide references wherever applicable. Use economic terminologies as much as possible. Write legibly in complete sentences using the correct English language. There is no page limit

Which sectors of the economy are the worst hit by Corona Pandemic and which sectors may have benefited from the Corona Pandemic? Take one or more countries as examples for your answer. Support your findings with data and analysis as much as possible. Clearly mention the country name(s). Direction: Please answer the question in detail. Support your answer with data and references as much as possible. Do not copy and paste. Write in your own words and provide references wherever applicable. Use economic terminologies as much as possible. Write legibly in complete sentences using correct English language. There is no page limit.

Opportunity Cost Exercise. Please show how you solved the questions.   

You have been working for your brother (owner of a Down Under Sandwich Shoppe). The franchise company is now offering you a chance to franchise one of their new Big Bird Stick-e-Chicken shops (which sells their honey-roasted chicken-on-a-stick). You estimate your business can gross 45% of Down Under’s $500,000 sales. Shop space is available between Down Under Sandwiches and Little Nero Salads that leases $8,400 a year plus a yearend rent bonus to the property owner of 3% of your gross sales in excess of $200,000.   You intend to invest $20,000 of your own savings (which is presently earning you 6% per annum interest). A bank will loan you $100,000 (annual interest on this loan will be $7000). NOTE: neither the bank loan principle you borrow from the bank nor the $20,000 of your own money you invest is an explicit or implicit cost. However, the interest paid on the bank loan is explicit, and the interest foregone on your savings is implicit. You estimate that hired labor will cost you $70,000 a year, utilities $5,900 a year, and ingredients for the food $100,000 a year. You will have to pay Big Bird, Inc., an annual franchise fee is $3,000 plus 2% of your gross sales for the year. Another 1% of gross sales must be paid for national advertising. You are presently an Assistant Manager at Down Under earning $12,000 a year plus a yearend bonus of 2% of gross (a job you will have to give up), but you do not think you can earn more than this working for yourself, in spite of the extra strain of owning your own business.

1. What is the estimated explicit (accounting) cost of your proposed business? Itemize in detail.
2. What is the accounting profit you project for your business?
3. What is the total implicit cost you estimate for your venture? Itemize in detail.
4. Do you project any economic profit? How much?
5. What is the annual interest rate the bank will charge you for its loan?
6. From the economic profit viewpoint, would this be a viable business to start? Explain:

Distinguish between demand-pull inflation and cost-push infla- tion. Which of the two types is most likely to be associated with a negative GDP gap? Which with a positive GDP gap, in which actual GDP exceeds potential GDP? What is core infla- tion? Why is it calculated?