need help please
1. What will happen to the position of the SAS curve an/or LAS curve in the following circumstances? a. Available factors of production increase. b. A civil war occurs. C. Wages that were fixed become flexible, and aggregate demand. d. Income is redistributed from rich people to poor people. e. Productivity rises 3 percent; wages rise 4 percent. 2. Explain how each of the following is expected to affect growth: a. Increase in technology. b. Patents C. Learning by doing. d. Technological lock-in. I 3. Assume the money supply is $800, the velocity of money is 8, and the price level is $2. Using the quantitative theory of money: a. Determine the level of real output. b. Determine the level of nominal output. c. Assuming the velocity remains constant, what will happen if the money supply rises 20 percent? 4. Using the demand and supply of loanable funds, demonstrate the effect of the following on the interest rate. As a result, what would you expect to be the impact of the change on growth? a. Government increases spending. b. Businesses become more productive. c. The people as a whole save more. 5. Answer the following: a. How can a falling price level destabilize the economy? b. Why does the paradox of thrift suggest that government needs to intervene the economy? c. What are two factors that cause the SAS curve to shift? d. What are five factors that cause the AD curve to shift? e. Why is knowing the level of potential output important to designing appropriate fiscal policy? 6. Categorize each of the following as cyclical or structural unemployment and answer the question: a. An autoworker is laid off during a recession until car sales pick up b. A steelworker loses his job because steel is now produced in foreign countries with lower wages. C. Explain what a reservation wage is and how it is related to structural unemployment. d. What happened to the duration of unemployment during the 2008-2009 recession and what is the likely reason