07 Jun Question BUSINESS MACROECONOMICS ASSIGNMENT 2012
Question
BUSINESS MACROECONOMICS ASSIGNMENT 2012
QUESTION ONE
Australia’s economy is currently described as a “multi-speed” economy.
Critically discuss this.
[HINT: In your discussion include what has caused this multi-speed economy; any advantages and the disadvantages for the economy and households].
Limit: 2 Written Pages. [10 Marks]
QUESTION TWO
Australian households have changed their spending behaviour since the mid 2000s, illustrated by Consumption falling as a share of GDP and the Savings ratio rising.
a) Discuss two possible reasons for this. [2 Marks]
b) Go to the Australia Bureau of Statistics site and find a chart/graph that illustrates the above statement. [3 Marks]
c) Using the simple Keynesian model of Income determination, show what happens to equilibrium GDP when (as in the statement above):
· Consumptions falls [5 Marks]
· Saving rises [5 Marks]
[HINT: Use two separate diagrams to show each. Explain these diagrams in words as well. Explain the operation of the multiplier effect in each instance.]
QUESTION THREE
Collect a 2011/2012 article from an Australian newspaper showing coverage of a MACROeconomic issue relating to China or India. Include a hard copy of the article with your answer.
a) Explain what macroeconomic topic the article addresses and summarise the article briefly to show your understanding. [4 Marks]
b) Discuss what implications (if any) the chosen article has on Australia. [1 Mark]
[HINT: Be completely sure that the article shows a Macroeconomic issue. Any article that discusses a Microeconomic issue will be strictly given NO marks]
QUESTION FOUR
The Australian Dollar has been performing particularly strongly against the United States Dollar for the first quarter of 2012. This appreciation of the Australian Dollar to the US Dollar has not been seen since the early 1970s. See chart below.
Graph 6: real exchange rate
a) What effect does this have on the Economy? Explain in words only. [5 Marks]
b) Using the Aggregate Demand-Aggregate Supply Model (a diagram is required), show the impact of a high domestic exchange rate on GDP and Inflation.
[5 Marks]
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
About Writedemy
We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.
How It Works
To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Are there Discounts?
All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.