Explain what is the equilibrium GDP.
Explain what is the equilibrium GDP
Explain what is the equilibrium GDP. Discuss the effects of an increase of aggregate demand on the general price level and output
Learning outcome: Explain what is the equilibrium GDP. Discuss the effects of an increase of aggregate demand on the general price level and output.
1. Instructions and guidelines (Read carefully)
Insert your name and surname in the space provided above, as well as in the file name. Save the file as: First name Surname Assignment 4 – e.g. Lilly Smith Assignment 4. NB: Please ensure that you use the name that appears in your student profile on the Online Campus.
2 Write all your answers in this document. There is an instruction that says, “Start writing here” under each question. Please type your answer there.
3 Submit your assignment in Microsoft Word only. No other file types will be accepted.
4 Do not delete the plagiarism declaration or the assignment instructions and guidelines. They must remain on your assignment when you submit.
PLEASE NOTE: Plagiarism cases will be penalised according to the Head Tutor’s and GetSmarter’s discretion.
IMPORTANT NOTICE: Please ensure that you have checked your course calendar for the due date for this assignment.
1 There are eight pages and one question in this assignment.
2 Make sure that you have carefully read and fully understood the questions before answering them. Answer the questions fully but concisely and as directly as possible. Follow all specific instructions for individual questions (e. g. “list”, “in point form”).
3 Answer all questions in your own words. Do not copy any text from the notes, readings or other sources. The assignment must be your own work only.
1. I know that plagiarism is wrong. Plagiarism is to use another’s work and pretend that it is one’s own.
2. This assignment is my own work.
3. I have not allowed, and will not allow, anyone to copy my work with the intention of passing it off as his or her own work.
4. I acknowledge that copying someone else’s assignment (or part of it) is wrong, and declare that my assignments are my own work.
2. Mark allocation
Each question receives a mark allocation. However, you will only receive a final percentage mark and will not be given individual marks for each question. The mark allocation is there to show you the weighting and length of each question.
Complete Question 1 in this document. Make sure you have read Modules 3 and 4 before completing this assignment.
Make sure that you show all your workings within the assignment when calculations are required.
You must proofread your paper. But do not strictly rely on your computer’s spell-checker and grammar-checker; failure to do so indicates a lack of effort on your part and you can expect your grade to suffer accordingly. Papers with numerous misspelled words and grammatical mistakes will be penalized. Read over your paper – in silence and then aloud – before handing it in and make corrections as necessary. Often it is advantageous to have a friend proofread your paper for obvious errors. Handwritten corrections are preferable to uncorrected mistakes.
Use a standard 10 to 12 point (10 to 12 characters per inch) typeface. Smaller or compressed type and papers with small margins or single-spacing are hard to read. It is better to let your essay run over the recommended number of pages than to try to compress it into fewer pages.
Likewise, large type, large margins, large indentations, triple-spacing, increased leading (space between lines), increased kerning (space between letters), and any other such attempts at “padding” to increase the length of a paper are unacceptable, wasteful of trees, and will not fool your professor.
The paper must be neatly formatted, double-spaced with a one-inch margin on the top, bottom, and sides of each page. When submitting hard copy, be sure to use white paper and print out using dark ink. If it is hard to read your essay, it will also be hard to follow your argument.