Question

**For each of the following statements, please indicate if
it is TRUE or FALSE. Then provide a justification or explanation of
your answer to each question in less than 30 words**

- The equation,
*Y = C+I+G+NX*, implies that increasing government purchases of goods and services (G) and increasing net exports (NX) are two clear long-term strategy for raising national income (Y). - The equation,
*Y*=*AK*^{0.5}*L*^{0.5}, implies that in a competitive economy, the national income (*Y*) gets equally divided between the workers (*L*) and the owners of capital (*K*), leaving the suppliers of TFP (*A*) uncompensated

Answer #1

**1) True**

as government spending increases and net export increases this means that government spending impact on both demand and supply side due to this our aggregate demand increases and when net exports increase this means exports is greater than import here 1 more positive point increase to increase the aggregate demand, so both are the clear strategy for increasing national income

**2) True**

this is cobb Douglas production function, in any production function what we requaire to produce an output is input with capital and labour, here is 0.5 and 1- is 0.5 this means capital and labour is divided equally

For the following questions: provide TRUE or FALSE statement and
elborate on answer.
The equation, Y = C+I+G+NX, implies that increasing
government purchases of goods and services (G) and increasing net
exports (NX) are two clear long-term strategy for raising national
income (Y).
The equation, Y =
AK0.5L0.5, implies that in
a competitive economy, the national income (Y) gets
equally divided between the workers (L) and the owners of
capital (K), leaving the suppliers of TFP (A)
uncompensated.

For each of the following statements clearly
indicate whether the statement is true or false. Provide a
brief explanation to justify your answer. Your answer
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"False" followed by your explanation. Note
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curve
3. Net exports is equal to GDP – C - I - G
4. At the potential level of output, there is only frictional
and structural unemployment
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likely to be a...

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diagrams where appropriate. Unsupported answers will receive no
marks. It is the explanation that is important.
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Explain why each of the following statements is True, False, or
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appropriate. Unsupported answers will receive no marks. It is the
explanation that is important.
A5-7. An economy with only price taking firms will have a
horizontal short-run aggregate supply curve.
A5-8. A given increase in aggregate demand has a larger effect
on national income the less steeply do unit costs rise with
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Please answer the following 5 multiple choice questions
In a small open economy, when foreign governments reduce
national saving in their countries, the equilibrium real exchange
rate (measured in units of the home currency divided by units of
foreign currency):
A.rises, and home country net exports rise.
B.falls, and home country net exports rise.
C.rises, and home country net exports fall.
D.falls, and home country net exports fall.
Compared to typical open-market operations, when engaging in
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. Indicate whether the following statements are true or false:
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(a): Financial decisions have to do with allocating capital,and
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(c): Capital markets are said to be efficient if market prices
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(d):...

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