Answer the following Macroeconomic questions:

Include correctly labeled diagrams, if useful or required, in explaining your answers. A correctly labeled diagram must have all axes and curves clearly labeled and must show directional changes. If the question prompts you to "Calculate," you must show how you arrived at your final answer. The countries of Chartless and Davinskia experienced the economic conditions in the tables below. Chartless Davinskia GDP Nominal GDP Nominal Year Population Year Population Deflator GDP Deflator GDP 100 $300 20 100 $200 5 2 130 $390 20 2 140 $700 10 (a) Calculate each of the following for Year 2. Show your work. (i) Real GDP per capita for Chartless (ii) Real GDP per capita for Davinskia (b) If Chartless and Davinskia have the same velocity of money in Year 2, which country must have the higher money supply in Year 2 ? Explain. (c) Calculate each of the following in Year 2. Show your work. (i) The inflation rate in Chartless (ii) The inflation rate in Davinskia (d) Based on your answer to part (c), if the nominal interest rate is the same for both nations in Year 2, which nation experiences the higher real interest rate in Year 2 ? Explain. (e) Based on your answer to part (c)(ii), if the expected inflation rate in Davinskia in Year 2 was 10%, what would be the effect on real GDP as the economy adjusts to its long-run equilibrium? Explain. B 0 / 10000 Word LimitIn answering the question, you should emphasize the line of reasoning that generated your results; it is not enough to list the results of your analysis. include correctly labeled diagrams, if useful or required, in explaining your answer. A correctly labeled diagram must have all axes and curves clearly labeled and must show directional changes. Assume that the current unemployment rate in Country A is lower than the natural rate of unemployment. a. Draw a single correctly labeled graph with both the long-run Phillips curve and the short-run Phillips curve. Label the current short-run equilibrium point 2. b. Identify a specic scal policy action that would bring the economy to full employment. c, Draw a correctly labeled graph of the loanable funds market, and show the effect of the scal policy from part (b) on the real interest rate in the short run. d. Now assume instead that there is no scal policy action. Will the short-run Phillips curve shift to the right, shift to the left, or remain the same over time? Explain. 0 / 10000 Word Limit