Question
Y5 Please help me solve and make these ECONOMIC DIAGRAMS 1) Hand Draw and take a picture (or graphically digitize) a WS/PS model to illustrate
Y5
Please help me solve and make these ECONOMIC DIAGRAMS
1) Hand Draw and take a picture (or graphically digitize) a WS/PS model to illustrate and explain in some detail what has happened to the US economy as it has recovered from the effects of COVID-19 until July 2022 where the unemployment rate was at 3.5%. In your diagram, begin the economy in July 2020 where pandemic containment policies cut global production which led to an unemployment rate of 10.2%. Also, assume there was a strong positive productivity growth over the 2-year period of inquiry.
After drawing the diagram, please provide an economic analysis of what the diagram is showing. Diagrams are well-labelled, drawn with excellent accuracy, adapted to the case question and with technical rigor.
2) Hand Draw Use the multiplier AD model diagram to illustrate and explain in detail how the economy shifted out of a "household recession" to a recovery by the end of 2021. In your diagram, begin the Australian economy in the first half of 2020, during the height of the global pandemic. In your answer, explain the multiplier process, and assume the size of the multiplier is 1.8.
Take a pic and provide an analysis like above of what the diagram is showing. Diagrams are well-labelled, drawn with excellent accuracy, adapted to the case question and with technical rigor.
Please help me and try as doing this fast as possible. This is an Emergency for me and my family.
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