Question

1. Choose a representative country, identify and describe a demand or supply shock. Examine its effect...

1.
Choose a representative country, identify and describe a demand or supply shock.
Examine its effect using the AD/AS curves on Inflation, unemployment and Output.
Using data, examine the relationship between unemployment and Inflation due to the shock.
NB.

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Answer #1

The Phillips curve relates the speed of inflation with the speed of state. The Phillips curve argues that state and inflation ar reciprocally connected as levels of state decreases, inflation will increase. Their relationship, however, isn't linear

A offer SHOCK is associate degree surprising event that changes the provision of a product, leading to a fast modification in value.

Let's assume that demand is unchanged, a negative offer shock causes a product value to spike upward, whereas a positive offer SHOCK decreases the worth

IN DEVELOPING ECONOMIES LIKE Asian country RATE OF INFLATION persevere INCREASING as RATE OF EMPLOYMENT IS DECREASING FOR act of terrorism BEING SPONSORED BY THEM

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