Suppose the european and japanese economies succumb to a recession and reduce their demand for u. s. goods for several years. using as/ad framework, explain the macroeconomic consequences of this shock, both immediately and over time assume that the economy begins in steady state. at t=5, the foreign demand for u. s. goods drops for two periods. we model this as a drop in a, which becomes negative, at t=5 and t=6. at t=7, demand goes back to its long-run level, meaning a = 0 for t=7 and all future periods. a. show in a graph the as and ad curves at t=4, 5, 6, 7, and 8. b. show in the same graph the equilibrium (πt,ȳt) at t = 4, 5, 6, 7 and 8. c. show in three graphs the plots of: i) a vs t, ii)πt, vs t, and iii) yt vs t d. provide intuitions. what is happening at the time of the shock (t=5)? what is happening in the following periods? does the economy go back to the initial steady state or does it converge to a different one?

Suppose that kenji, an economist from an am talk radio program, and lucia, an economist from a school of industrial relations, are arguing over health insurance. the following dialogue shows an excerpt from their debate: lucia: a popular topic for debate among politicians as well as economists is the idea of providing government assistance for health benefits. kenji: i think it is oppressive for the government to tax people who take care of themselves in order to pay for health insurance for those who are obese. lucia: i disagree. i think government funding of health insurance is useful to ensure basic fairness. the disagreement between these economists is most likely due to . despite their differences, with which proposition are two economists chosen at random most likely to agree? lawyers make up an excessive percentage of elected officials. minimum wage laws do more to harm low-skilled workers than them. tariffs and import quotas generally reduce economic welfare.

Select the correct answer. sarah works in a coffee house where she is responsible for keying in customer orders. a customer orders snacks and coffee, but later, cancels th snacks, saying she wants only coffee. at the end of the day, sarah finds that there is a mismatch in the snack items ordered. which term suggest data has been violated? a. security b. integrity c. adding d. reliability e. reporting

Describe the three different ways the argument section of a cover letter can be formatted