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graphs are very important :) please draw graphs as mentioned in question. Q1. a) Suppose a new and deadly strain of the COVID-19 that spreads through plastic has been discovered in USA. Majority of merchants and consumers completely switch to cash since they are afraid to use credit cards for transactions. Using the asset approach, analyze the short-run effects of this temporary shock on the $/C exchange rate, USD interest rate and the US price level, graphically and verbally. b) Now suppose that the disease transmission through credit cards turns out to be a permanent phenomenon. Analyze the short-run and long-run effects of this change on the $/ exchange rate, USD interest rate and the US price level, graphically and verbally. c) Was there any overshooting or undershooting in part b? Explain why/why not..

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Coquitlam College ECON 202 – Final Exams (50 points) Spring 2020 Instructor: Kojo Laryea QUESTION: The COVID-19 outbreak has struck Canada as well as every other part of the world since it was first reported in December 2019 and the disease continues to cause so much havoc. Although this is a public health issue, it has managed to hit the global economy negatively in different ways. The stock market continues to plummet everyday, with people losing billions of their wealth; most businesses have come to a halt and workers have been asked to stay home in order to reduce the spread of the deadly virus; the virus is also causing people to fall sick and not being able to work. This pandemic has also caused some small-scale businesses to lay-off workers partly because they are not able to pay them wages and salaries. The airline industry has come to a standstill because various countries have closed their borders and are limiting traveling. Due to this, airline companies like WestJet are expecting to lay-off between 20%-50% of their workers if the situation persists in the coming days. Most sporting events and leagues around the world have been suspended. Companies like Nike and Apple have closed all stores due to this pandemic. Also, Crude oil prices keep plunging over these few months. Throughout the semester, we have discussed various economic variables and how they are related. We have also discussed the difference between the Classical and the Keynesian Economists’ view about how the economy reacts to shocks in the market. We have also discussed how the government and the central bank can use Fiscal Policies and Monetary Policies respectively to help solve a recession in an economy. With reference to everything we discussed in class throughout the semester, discuss how the COVID- 19 pandemic has affected or is affecting the Canadian economy and how the government of Canada together with the Bank of Canada are trying to mitigate the problem. Guideline: Your essay should include, but not limited to the information in this guideline 1. Make sure to discuss how this pandemic will affect Canada’s GDP and growth rate (makes will be awarded for explanation and examples.) (5 marks) 2. Make sure to discuss how the pandemic will affect Canada’s interest rates. (3 marks) 3. Make sure to discuss how the pandemic will have an effect on Canada’s inflation and also discuss what the Bank of Canada should do/are doing to maintain their core values with respect to inflation. (5 marks) 4. Also, make sure to explain how the pandemic will have an effect on unemployment. (3 marks) 5. Based on our discussions in class, how do you think this pandemic will also have an effect on the nominal exchange rates? (2 mark) 6. Explain the results that can be predicted from Classical Economists’ view with respect to this economic shock assuming the shock affects only aggregate demand (make sure to .

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Problem Set 6 Part I Multiple-choice questions 1. Which of the following in NOT true about a country’s current account deficit? a. By definition, an economy running a current account deficit will experience an overall capital inflow. b. A current account deficit can mean that a country is “living beyond its means.” c. A current account deficit can mean that a country is an “oasis of prosperity,” attracting investment from around the globe. d. A current account deficit means that the country is currently lending more to other countries than it borrows from other countries. 2. What causes the weakness of the dollar? The two factors most often cited are those mentioned by Fed Chairman Greenspan -- the twin deficits (CNN/Money, November 19, 2004). What do the “twin deficits” refer to? a. The trade deficit and the current account deficit. b. The current account deficit and the budget deficit. c. The budget deficit and social security deficit. d. The trade deficit and the financial account deficit. 3. Which of the following is NOT true about the current account balance? a. It is the net export component in GDP (X). b. X = Y – E (E = C + I + G) c. X = ST – I = IF d. X = SP – I – (T – G) 4. The following five transactions are all entries to be made on the U.S. balance of payments. For balance-of-payments purposes, four of the five are fundamentally similar. Which one is different? a. The Federal Reserve Bank of New York sells dollars in the foreign exchange market. b. An American tourist on vacation spends francs in Paris. c. A South American country sells coffee in New York. d. A British shipping firm is paid to carry an American export commodity abroad. e. An American computer company receives an order for software programs from Germany. 5. According to the purchasing-power-parity (PPP) theory of exchange rates: a. exchange rates tend to move with changes in relative price level of different countries. b. applies better to the long run than the short run. c. applies better to the short run than the long run. d. A and B. e. A and C. 6. If the market exchange rate between Swiss francs and U.S. dollars were to change from Sfr. 4 to the dollar to Sfr. 3 to the dollar, then the franc’s price must have: a. risen from 25 cents to 33 cents, and the dollar has appreciated relative to the franc. b. fallen from 33 cents to 25 cents, and the dollar has depreciated relative to the franc. c. risen from 25 cents to 33 cents, and the dollar has, been devalued relative to the franc. d. risen from 25 cents to 33 cents, and the dollar has depreciated relative to the franc. e. fallen from 33 cents to 25 cents, and the dollar has appreciated relative to the franc. 7. Suppose that the exports of Country A to Country B have increased substantially and that both A and B operate on the gold standard. According to David Hume’s gold-flow mechan ...

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Which of the following is TRUE of magazines? a. They target only mass audiences. b. They target only segmented audiences. c. They target neither segmented nor mass audiences. d. They target either segmented or mass audiences. Any publication that is less than _______ years old has to be checked for its copyright status. a. 100 b. 200 c. 50 d. 125 Which of the following is TRUE of magazines and revenue? a. For most magazine advertisers, who reads the magazine being advertised in is unimportant. b. Advertising is a crucial source of revenue for magazines. c. The mix of revenue for magazines varies greatly among different types of magazines. d. Subscriptions account for less than one-third of magazine revenue, on average. How did the Postal Act of 1879 change the magazine industry? a. It gave magazines a special, lower mailing rate. b. It allowed magazines to be shipped overseas. c. It required federal approval for any mailings. d. It required special packaging for magazine mailing. Why was offset printing an important development? a. because "onset printing" had become too cumbersome and costly for the day b. because the printing press would no longer be needed in the process of printing c. because an entire page of print could now be transferred to a plate that was inked and printed d. because publishing companies could now work in conjunction with one another How did lithography speed the printing of illustrated pages? a. by changing the type of paper that was utilized b. by replacing engraving with a type of chemical etching c. by eliminating the need for costly electricity d. by eliminating the need for manpower or human oversight Magazines that are aimed at specific professional demographic or vocation such as journalism, computer programming, or engineering are generally called _______. a. trade magazines b. consumer-oriented magazines c. instructional magazines d. professional magazines To whom did miscellanies appeal? a. a small, far-flung, and diverse audience b. those who considered themselves highly political c. a professional, elitist segment of the nation d. those favoring separation from Britain Why can magazines with large audiences charge more for advertising? a. because the magazines themselves are more expensive b. because more people will see the advertisements c. because those magazines are usually monthly publications d. because the readers of those magazines have more money The computerization of the layout and paste-up process further complicated printing, as did the digitizing of photographs. a. True b. False In recent years, publishers of magazines and academic (research) journals have cracked down on student ...

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The Financial Situation in the World” by Wouter van der Stok Mr. Van der Stok will present a brief history of the present global Economic/Financial Crisis, an analysis of future developments of this Crisis over the next 3 to10 years and how this will affect, without any exception, "me" as a person, family, business, city, nation and groups of nations HERE YOU FIND THE RECORDING: http://tinyurl.com/5vcl5hd

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Hello, these se are the questions! Let me know if you would be able to help! Thanks 1 . Accurate measurement of GDP is important to business decision-makers because this information will help them better determine the a. general happiness of a country's citizens. b. course of the economy and the direction of demand for their products. c. economic well-being of a particular group within a country. d. amount of leisure time available and the quality of life in a country. 2 . Which of the following would increase U.S. GDP? a. Ford Motor Company begins to produce and sell cars in China. b. Mercedes-Benz begins to produce and sell cars in Mississippi. c. An American investor buys 100 shares of Ford stock. d. An American investor purchases 100 shares of Mercedes-Benz stock. 3 . As per capita GDP has risen in the United States and other countries, a. life expectancy and leisure time have also risen and infant mortality and illiteracy have gone down.. b. life expectancy has risen but leisure time has gone down, while infant mortality and illiteracy have remained the same. c. various quality of life variables have been unaffected. d. most quality of life variables such as life expectancy and expenditures on leisure time activities have fallen. 4 . National income is a. personal income of individuals minus the taxes they pay. b. gross national product minus depreciation. c. employee compensation, self-employment income, interest, rents, plus corporate profits. d. consumption, investment, government expenditures, and net exports. 5 . Per capita GDP is a. real GDP divided by the GDP deflator b. a measure of income per person c. a measure of resources available to each person d. an indicator of the overall production of a government 6. Economists use the term "business cycle" to refer to a. the growth of small businesses into major corporations. b. changes in products that occur from improved technology. c. fluctuations in the level of real output and employment. d. periods of increases and decreases in the rate of inflation. 7. The type of unemployment caused by changes in the business cycle is a. cyclical unemployment. b. natural unemployment. c. frictional unemployment. d. structural unemployment. 8. Frictional unemployment is the result of a. not enough jobs for everyone to be employed. b. unemployed workers' skills not matching those needed for the available jobs. c. a decline in the demand for labor, such as during a recession. d. imperfect information and temporary periods of unemployment while workers are changing jobs. 9. Economists use the phrase "business cycle" when referring to fluctuations in a. the rate of real output and employment. b. interest rates. c. the consumer price index. d. the general level of prices. 10. Activists and nonactivists both believe that a. the self-corrective mechanism of a market economy works quite well. b. macro-policy should seek to minimize economic fluctuations, keep the inflation rat.

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1. The market for ice cream is a. a monopolistic market. b. a highly competitive market. c. a highly organized market. d. both (b) and (c) are correct. 2.An increase in quantity demanded a. results in a movement downward and to the right along a fixed demand curve. b. results in a movement upward and to the left along a fixed demand curve. c. shifts the demand curve to the left. d. shifts the demand curve to the right. Figure 3 3. Refer to Figure 3. At a price of $15, a. quantity demanded exceeds quantity supplied. b. there is a shortage. c. there is an excess demand. d. All of the above are correct. Figure 4 The diagram below pertains to the supply of paper in university markets. 4. Refer to Figure 4. All else equal, an increase in the use of laptop computers for note-taking would cause a move a. from x to y. b. from y to x. c. from SA to SB. d. from SB to SA. 5. When demand is inelastic the price elasticity of demand is a. less than 1, and price and total revenue will move in the same direction. b. less than 1, and price and total revenue will move in opposite directions. c. greater than 1, and price and total revenue will move in the same direction. d. greater than 1, and price and total revenue will move in opposite directions. 6. A price floor will be binding only if it is set a. equal to the equilibrium price. b. above the equilibrium price. c. below the equilibrium price. d. either above or below the equilibrium price. 7. When a tax is placed on the buyers of cell phones, a. the size of the cell phone market and the price paid by buyers both decrease. b. the size of the cell phone market decreases, but the price paid by buyers increases. c. the size of the cell phone market increases, but the price paid by buyers decreases. d. the size of the cell phone market and the price paid by buyers both increase. 8. Which of the following statements is correct? a. For all firms, marginal revenue equals the price of the good. b. Only for competitive firms does average revenue equal the price of the good. c. Marginal revenue can be calculated as total revenue divided by the quantity sold. d. Only for competitive firms does average revenue equal marginal revenue. 9. When a profit-maximizing firm is earning profits, those profits can be identified by a. P  Q. b. (MC - AVC)  Q. c. (P - ATC)  Q. d. (P - AVC)  Q. Scenario Consider a transportation corporation named C.R. Evans that has just completed the development of a new subway system in a medium-sized town in the Northwest. Currently, there are plenty of seats on the subway, and it is never crowded. Its capacity far exceeds the needs of the city. After just a few years of operation, the shareholders of C.R. Evans experienced incredible rates of return on their investment, due to the profitability of the corporation. 10. Refer to Scenario above: C.R. Evans will continue to be a monopolist in the subway transportation industry only ...

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