Hi, I have some econ homework I need help with, it's 18 questions. I appreciate all you can help with

Consider the aggregate demand-aggregate supply diagram below, which represents the macroeconomy. Suppose the market is initially at an equilibrium at point A. What effect will the tax increase have on this economy? LRASI Price level SRAS1 GDP deflator. 2009 = 100) ADI GDP+ GDP Real GDP (trillions of 2009 dollars) The rate of economic growth will increase. Employment will decrease. The rate of inflation will increase. Unemployment will decrease. MacBook Air 20 F3 0DO F4 F5 F6 F7 F8 F9 F10 LA 4 5 6 8 9 O R T Y U O PQuestion 12 (1 point) Suppose It is 1975 and the unemployment rate Is 8.5 percent. The rate of Inflation Is 9.1 percent. President Gerald Ford has pledged to bring down the rate of inflation. Suppose Ford plans to use fiscal policy to do this. Show the effects of his plans in the Phillips Curve diagram below. Assume consumers have adaptive expectations. This is because the government has been pledging to reduce the rate of inflation for several years but has not remained committed enough to do so. Therefore, people will not believe the inflation rate is lower until they have seen that it is actually lower. PC Short-RAM Inflation rate (percent per year) 9.1% Expected Inflation - 9.19 Unemployment rate (percent) WIN WIN MacBook AirQuestion 7 (1 point) Phillips Curves address the possibility of a trade-off between which two economic variables? The unemployment rate. The inflation rate. Government debt. Trade deficits. Interest rates. Tariffs. Question 8 (1 point) Consider the aggregate supply-aggregate demand model. How does an increase in aggregate demand affect the unemployment rate and the inflation rate? LRASI Price level SRAS (GDP deflator. 2009 - 100) 1 10 105 100 MacBook Air 000 DOO F4Question 6 (1 point) In 1988, George H. W. Bush ran for President pledging, "Read my lips: no new taxes," and he was Consider the market for money illustrated in the figure below. Assume the market initially (just prior to the legislation) is in equilibrium at point A. What effect will the tax increase have on the market for money? MS1 Interest Rate. i MD1 Quantity of Money, M (billions of dollars) Interest rates will decrease. Interest rates could increase or decrease. Interest rates will be unaffected. Interest rates will increase. MacBook AirQuestion 10 (1 point) Suppose It is 1975 and the unemployment rate Is 8.5 percent. The rate of Inflation Is 9.1 percent. President Gerald Ford has pledged to bring down the rate of inflation. Suppose Ford plans to use fiscal policy to do this. Show the effects of his plans in the Phillips Curve diagram below. Assume consumers have adaptive expectations. This Is because the government has been pledging to reduce the rate of inflation for several years but has not remained committed enough to do so. Therefore, people will not believe the inflation rate is lower until they have seen that it is actually lower. PCSWIRE Inflation rate percent per year) Expected Inflation -9.10% Unemployment rate (percent ) WIN WHIP- INFLATION - NO WIN MacBook AirQuestion 9 (1 point) Consider the short-run and long-run Phillips Curves illustrated In the figure below. Suppose consumers have rational expectations, the Inflation rate is 5 percent, and the unemployment rate is currently at 6 percent, which is the natural rate of inflation. The Federal Reserve decides that it wants to reduce the unemployment rate and uses monetary policy to do so. Describe the new long-run unemployment rate and Inflation rate. PC! Inflation rate (percent per year Expected Inflation - 5% Unemployment rate (percent) The unemployment rate will not change and the inflation rate will increase. Neither the unemployment rate nor the inflation rate will change. The unemployment rate will decrease and the inflation rate will increase. Both the unemployment rate and the inflation rate will increase. Question 10 (1 point) Suppose it is 1975 and the unemployment rate is 8.5 percent. The rate MacBook Airnflation rate percent per year 9.1% Expected Inflation = 9.1% 8.5% Unemployment rate (percent) WIN MP- INFLATION-A WIN Describe the new short-run Phillips Curve with adaptive expectations. 33 The short-run Phillips Curve shifts downward. The short-run Phillips Curve shifts upward. The short-run Phillips Curve is the long-run Phillips Curve, which does not shift. The short-run Phillips Curve is the long-run Phillips Curve, which shifts to the left. MacBook Air DDD FA F5 F6 F7\fQuestion 11 (1 point) Suppose it is 1975 and the unemployment rate is 8.5 percent. The rate of Inflation is 9.1 percent. President Gerald Ford has pledged to bring down the rate of inflation. Suppose Ford plans to use fiscal policy to do this. Show the effects of his plans in the Phillips Curve diagram below. Assume consumers have adaptive expectations. This Is because the government has been pledging to reduce the rate of inflation for several years but has not remained committed enough to do so. Therefore, people will not believe the inflation rate is lower until they have seen that it is actually lower. PC short-RW Inflation rate (percent per year) Expected Inflation -9 19% Unemployment rate (percent ) WIN WIN MacBook AirQuestion 13 (1 point) Suppose It is the late 1970s, and the rate of price Inflation is 12 percent. The Fed chairman, Paul Volker, seeks to permanently lower the rate of Inflation (say, from 12% to 8%) The short-run and long-run Phillips Curves for the U.S at this time are illustrated in the figure below. Throughout this analysis, assume consumers have adaptive expectations PC short -Row Inflation rate (percent per year) 12% Expected Inflation - 129% ( nemployment rate (percent) How can the Fed use monetary policy to achieve this objective (of permanently reducing the inflation rate )? Lower the target federal funds rate. Decrease the reserve requirement. Lower taxes. Sell treasuries. MacBook AirQuestion 8 (1 point) Consider the aggregate supply-aggregate demand model. How does an Increase in aggregate demand affect the unemployment rate and the Inflation rate? LRAS, Price level SRAS (GDP deflator. 2009 - 100) 110 105 100 AD3 AD, AD2 GDP, GDP, GDP, Real GDP (trillions of 2009 dollars) )The unemployment rate decreases and the inflation rate increases. The unemployment rate increases and the inflation rate decreases. Both the unemployment rate and the inflation rate increase. The unemployment rate decreases and the inflation rate is unchanged. Question 9 (1 point) Consider the short-run and long-run Phillips Curves illustrated in the figure below. Suppose MacBook Air DOO FA DIIQuestion 3 (1 point) In 1988, George H. W. Bush ran for President pledging, "Read my lips: no new taxes, " and he wa Consider the aggregate demand-aggregate supply diagram below, which represents the macroeconomy. Suppose the market is initially at an equilibrium at point A. What effect will the tax increase have on this economy? LRAS1 Price level SRAS1 (GDP deflator, 2009 - 100) A PI AD1 GDP* GDP 1 MacBook Air 20 F3 F4 F5 F6 DII F7 F8 F9 O - AQuestion 14 (1 point) Suppose the U.S. engages in contractionary monetary policy by decreasing money supply by selling treasuries. What effect would this have on the U.S.'s trade deficit? The U.S.'s trade deficit will become smaller (closer to zero). The U.S.'s trade deficit will become larger (more negative). The U.S.'s trade deficit could become larger or smaller. The U.S.'s trade deficit will be unaffected. Question 15 (1 point) Suppose the exchange rate for U.S. dollars and euros is approximately $1.00 = 60.80, as shown in the market for U.S. dollars below. Suppose the interest rate is expected to rise in the European Union (relative to the interest rate in the U.S.). How would this affect the figure below? Exchange Rate (E/S) 0.8 MacBook Air 000 F4 F5 F6It is actually lower. Inflation rate (percent per year) 9.1% Expected Inflation = 9.1% 8.5% Unemployment rate (percent) WIN Describe the new short-run unemployment rate and inflation rate. Both the unemployment rate and the inflation rate will decrease The unemployment rate will increase and the inflation rate will decrease. Neither the unemployment rate nor the inflation rate will change. The unemployment rate will not change and the inflation rate will decrease MacBook AirInflation rate (percent per year) 9.1% Expected Inflation = 9.1% 8.5% Unemployment rate (percent) WIN THE INFLATION NOW WIN Describe the new long-run unemployment rate and inflation rate. Both the unemployment rate and the inflation rate will decrease. The unemployment rate will not change and the inflation rate will decrease. Neither the unemployment rate nor the inflation rate will change. The unemployment rate will increase and the inflation rate will decrease. MacBook AirQuestion 1 (1 point) What does "crowding out" refer to? Government spending crowding out household consumption. Foreign investment crowding out domestic investment. Imports crowding out exports. Government spending crowding out private investment. Question 2 (1 point) Suppose that real GDP is currently $19.5 trillion, potential GDP is $22.9 trillion, the government purchases multiplier is 1.5, and the tax multiplier is -1.6. Holding other factors (such as prices and interest rates) constant, how will government purchases (G) need to change to bring the economy to equilibrium at potential GDP? Provide your answer in dollars measured in trillions rounded to two decimal places. Use a negative sign "-" for negative changes. Do not include any symbols, such as "$," "-," "%, "or "," in your answer. Your Answer: Answer Question 3 (1 point) In 1988. George H. W. Bush ran for President pledging, "Read my lips: no new taxes. " and he wa MacBook Air F4 F6 DII F5 DV F7 F8 F9 & VQuestion 5 (1 point) December 2017, the Trump Administration and the U.S. Congress passed tax reform legislation Consider the aggregate demand-aggregate supply diagram below, which represents the macroeconomy. Suppose the market is initially at an equilibrium at point A. What effect will the tax cuts have on this economy? LRASI Price level SRASI (GDP deflator, 2009 -100) GDP1 GDP Real GDP (millions of 2009 dollars) Employment will increase. Unemployment will increase. The rate of inflation will decrease. The rate of economic growth will decrease Question 6 (1 point) MacBook AirQuestion 15 (1 point) Suppose the exchange rate for U.S. dollars and euros is approximately $1.00 - 60.80, as shown in the market for U.S. dollars below. Suppose the interest rate is expected to rise in the European Union (relative to the interest rate in the U.S.). How would this affect the figure below? Exchange Rate (E/S) 0.8 Quantity of Dollars Traded The dollar supply curve would shift to the right and the dollar demand curve would shift to the left. The dollar supply curve would shift to the left and the dollar demand curve would shift to the right. The dollar demand curve would shift to the left. The dollar supply curve would shift to the left. O The dollar supply curve would shift to the right and the dollar demand curve would shift to the right. MacBook Air