a.You have been accepted to study international economics at the International Banking College (IBC) in Kuala Lumpur. You will need RM10,500 every 6 months (beginning today) for the next three years to cover tuition and living expenses. Mom and Dad have agreed to pay for your education, and want to make one deposit today in a bank account earning 6% interest, compounded semiannually. How much must they deposit now so that you can withdraw RM10,500 at the beginning of each semester over the next 3 years

1 Aggregate Demand and Aggregate Supply Worksheet 1 copy Home Insert Draw Layout Review View Bold (Bo 12 B U A.. A AGGREGATE DEMAND AND AGGREGATE SUPPLY IN-CLASS WORKSHEET 1 This question explores equilibrium in the aggregate demand and aggregate supply model. You will use schedules for an aggregate demand line and an aggregate supply line to identify the equilibrium price level and real GDP in a macroeconomy. Below, you are provided the schedules for an aggregate demand line and an aggregate supply line. Aggregate Demand Aggregate Supply Price Level Real GDP Real GDP (Consumer Price Index) (millions of dollars) [millions of dollars) 100 $13.5 $ 9 110 13 10 120 12.5 11 130 12 12 140 11.5 13 Task 1: Identify the macroeconomic equilibrium price level in this economy. The macroeconomic equilibrium occurs when aggregation demand intersect aggregateChapters 23 & 24: The Aggregate Demand-Aggregate Supply Model a) Different equilibrium states of the economy: Long-run macroeconomic equilibrium and Short-run macroeconomic equilibrium with inflationary or recessionary gap. b) How to describe Aggregate Demand and Aggregate Supply shocks, and illustrate them graphically - Positive (or Expansionary or Favourable) shocks versus Negative (or Contractionary or Unfavourable) shocks. c) The difference between Discretionary Fiscal Policy and Non-discretionary Fiscal Policy (Automatic Stabilizers).In the accompanying graph, place the short-run aggregate supply curve (SRAS) according to classical macroeconomics. According to the classical View, how does an increase in aggregate demand affect aggregate output? 0 has no effect on aggregate output 0 increases aggregate output C) reduces aggregate output According to the Keynesian View, host.r does an increase in aggregate demand affect aggregate output 0 has no eifect on aggregate output 0 increases aggregate output 0 reduces aggregate output Aggmgate price level