What happens to interest rate, output, prices and wages; as government expenditures decrease within a general equilibrium framework?

Could you please draw related graphs to explain?

Thank you!

During the pandemic, stockpiling behaviour have been criticized in the newspapers and described as irrational. From a game theory perspective, stockpiling of toilet paper or pasta can be modeled as a prisoner’s dilemma game where individuals anticipate that supermarket will run out of stock. Explain strategic interactions behind the stockpiling behaviour, and why they can be modelled as the prisoner’s dilemma game

Summarize the rules of thumb that are likely to be followed today in enforcing the parts of the

U.S. Antitrust Laws related to

          a) price fixing, output limiting or market share fixing.

          b) corporate mergers.

          c) predatory pricing

          d) refusals to deal

Using well labeled, self drawn diagrams and words that clearly refer to and explain these diagrams, describe how the net benefits from proposed regulations to reduce the sale of unsafe or defective products or to reduce the incidence of fraud perpetrated on consumers or on investors can be determined

PROMPT:  The article indicates that in the year 2016 the number of households earning less than the Federal Poverty Line ($24, 300 for a family of four or $11,880 for a single adult) represented 10.5% of the population of New Jersey, but that the number of households earning more than the Federal Poverty Line but not enough to afford basic necessities ($74,748 for a family of four or $26,640 for a single adult) represented 28.0% of the population of New Jersey. The households that have incomes above the Federal Poverty Line but are unable to afford basic necessities are called ALICE (Asset Limited, Income Constrained, Employed).

Comment on the disparity between the Federal Poverty Line and the ALICE level.

The households in the ALICE category have one or more adults working to earn an income. What role should the individual, government and other members of society play in addressing the shortfall between the household income and the amount needed to afford basic necessities?

Does the Household Survival Budget detailed in the report seem reasonable to you? Are there other categories of expense that should have been included?

Use the 4-Step Approach to analyze the effects on the house market of the following conditions: Prices for houses are expected to drop this coming winter.

Create your own demand curve for a product you buy on a regular basis.

Clearly label your graph and include a demand schedule.

a) Explain how the Breon Woods System worked and how it differed from the Gold Standard.

b) Explain how it collapsed.

Consider the Global Financial Crisis of 2008, Explain why quantitative easing to stabilize the US economy was considered a moral hazard (i.e.,
why will QE paid in 2008 will cause future banks to behave badly)?

a) There are two economies, Flexiland and Fixland. These economies are identical in
every way except that in Flexiland, real wages are flexible and maintain equality between
the quantities of labor demanded and supplied. In Fixland money wages are sticky but
wages are set so that, on the average, the quantity of labor demanded equals the quantity
supplied. (4)
i) Explain which economy has the higher average unemployment rate.
ii) Explain which economy has the largest fluctuations in unemployment.

Please expert I am requesting you explain well.

2. Write a sentence or two (in your own words) explaining the following concepts:

a. Asymmetric information

b.Principal-agent problem

c.The tragedy of the commons

d.Bounded rationality

c.Evolutionary stability

Please give a 300-400 word response

In the short run, neoclassical economics assumes diminishing marginal products. Explain what this means. What is the significance of this assumption (i.e. what does it do, what is its function in the analysis)? In the long run the assumption of diminishing marginal products does not hold. Why not? What assumption replaces diminishing marginal products? What do these assumptions indicate about the political aims of neoclassical economics?