TECO601/TECO602-Principles of Economics-Economic Environment of Business-MACRO ECONOMICS

Question
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TECO601/TECO6022000APA

QUESTIONS: 
1.Explain the origin of this crisis. Provide a summary of this crisis, consisting of the reasons of this crisis, and the breadth and extent of the crisis. Identify countries and markets involved in the crisis. 
2.Explain the effect of this crisis on USA’s GDP in long-run? 
3. Explain the effect of this crisis on USA’s inflation rate in long-run? 
4. Explain the effect of this crisis on USA’s labor market in long-run?
5. Explain the effect of this crisis on the levels of Americans’ consumption in long-run?
6. Explain the effect of this crisis on the levels of USA’s investment in long-run? 
7. Explain the effect of this crisis on USA government’s Budget in long-run? 
8. Assume that you are a policy maker in USA’s government and central bank; how you can recover the crisis by changing macroeconomic variables? 
9. During the crisis, How USA can recover its output gap if it faces an expansionary gap?
10. During the crisis, How USA can recover its output gap if it faces a contractionary gap?

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Answer ( 1 )

  1. Kevin Hanumara
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    Macro-economic is a branch of economics that help a country or a state to determine overall economy or market system that operates on large scale basis. It is studies economy on a wide phenomenon such as rate of economic growth, crises within economy, inflation, national income, gross domestic product or changes in unemployment. This report is going to explain origin of crises, reason or extended of crises within countries and markets. Effect of crises on USA’s GDP in long run, inflation rate, in labor market, levels of consumption, investment pattern, in budget etc. Moreover, how crises can be recover by changing macroeconomics variables as well as facing recovery output gap if it faces a contractionary gap.

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