Select Page

Step 1. Place your order

Fill in the order form and provide all details of your assignment.

Step 2. Make Payment

Choose the payment system that suits you most.

Step 3. Receive your paper

Once your paper is ready, we will email it to you.

Country A has rich natural resources in fossil fuels and relies heavily on energ

by | Nov 23, 2022 | Economics

 

Place your order now for a similar assignment and have exceptional work written by our team of experts, At affordable rates

For This or a Similar Paper Click To Order Now

Country A has rich natural resources in fossil fuels and relies heavily on energy exports. Suppose major pipelines transporting natural gas from country A to its neighboring country B were sabotaged, causing a surge in country B’s energy prices.
Assume that both countries’ economies were at their long run equilibrium before this incident. Use aggregate demand and aggregate supply (AD-AS) model to analyze the following four questions.
Question 29 (5 points)
In the short run, how does this event affect country B’s economy, such as overall price level, real GDP and unemployment? What is the economic term for this situation? Please briefly describe how that will be reflected in the AD-AS diagram.
Question 30 (4 points)
What could the country B’s central bank do in response to this event? Please briefly describe how that will be reflected in the AD-AS diagram.
Question 31 (4 points)
In the short run, how does this event affect country A’s economy, such as overall price level, real GDP and unemployment? Please briefly describe how that will be reflected in the AD-AS diagram.
Question 32 (3 points)
If the government of country A does not intervene, what is the long run macroeconomics outcome? Please briefly describe how that will be reflected in the AD-AS diagram.

For This or a Similar Paper Click To Order Now

What makes us the best

Eliteacademicessays.com is a brilliant custom writing service. We specialize in supplying professional writing help for students the world over. As a professional custom writing service, we are eager to offer reliable writing assistance with all types of written assignments to students who seek our help. Thus, students who order papers with us will receive a well-formatted, informative and carefully-research custom paper. 

We`re Fast

Never miss a deadline in your toughest (or most annoying subjects). Get reliable answers 24/7.

 

We`re Helpful

Our tutors provide the answers, write the content, and show the work too if you want.

 

We`re Affordable

Questions can get answered for as low as $10.99, because money doesn’t grow on trees.

We`re Always There

Never miss a deadline in your toughest (or most annoying subjects). Get reliable answers 24/7.

 

We`re Helpful

Our tutors provide the answers, write the content, and show the work too if you want.

 

We`re Affordable

Questions can get answered for as low as $10.99, because money doesn’t grow on trees.