[$_$]

Hi guys, I just need some help with some MacroEconomics homework. I live in Richmond but willing to travel. It's not a lot, just I need to go over answers and make sure I got them right and need some help understanding concepts. Let me know if any of you can help me out.

Will pay for your help or we can go out for munches or tokes.

[Selanne_200]

What level macro is this?
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[jasonturbo]

Can you be a little more specific as to what concepts you are having troubles with?

[Szeto]

i think macro econ is only 1st year?

[d1]

How long is it? post it on here.

[choda]

More info would help, like what year, what you're currently doing in class etc.

[$_$]

Oh, sorry guys. First Macro, Macro 1250 at Kwantlen. It is mainly about Long/Short Run Aggregate Supply/Demand. I have a hard putting the graphs to the real life examples.

I have an @ home assignment and I wanna make sure my answers are right ^^.

[GabAlmighty]

I have a hard on putting the graphs to the real life examples.


Lol wut?

[$_$]

Lol wut?

Each of the following events is either a cause or a consequence of a shift in the AD or SAS curve. Identify which is and, if it is a cause, describe the effect on equilibrium real GDP and the price level.

a)The % of the Canadian labor force that belongs to unions increases, in spite of the deepening recession.

b)A 10% reduction in personal and corporate income taxes.

c)World commodity prices declined sharply in 1997-98. Many of these commodities are both produces in Canada and are used as important inputs for the Canadian firms.

d)Cnada reaches an agreement with Japan that increases Canadian exports to Japan but has no effect on Canadian imports of Japanese goods.

[obselete]

Each of the following events is either a cause or a consequence of a shift in the AD or SAS curve. Identify which is and, if it is a cause, describe the effect on equilibrium real GDP and the price level.

a)The % of the Canadian labor force that belongs to unions increases, in spite of the deepening recession.

b)A 10% reduction in personal and corporate income taxes.

c)World commodity prices declined sharply in 1997-98. Many of these commodities are both produces in Canada and are used as important inputs for the Canadian firms.

d)Cnada reaches an agreement with Japan that increases Canadian exports to Japan but has no effect on Canadian imports of Japanese goods.

whoa slow down there hammer, you gotta pay for the help:rofl:

[Gilgamesh]

I took macro a year ago, so I don't remember much. I think d) results in an upward shift (or parallel shift) in Aggregate Demand since net export increases.

[$_$]

whoa slow down there hammer, you gotta pay for the help:rofl:

Haha, come help me ><

[Alphamale]

http://www.whitenova.com/thinkEconomics/adas.html

That interactive graph might help you visualize things a bit better.

[shawn79]

if u blaze orange7 up, i think he might be able to help

[Eatman]

b. the 10% reduction in taxes brings about more disposable income which would result in an increase in aggregate demand and also an increase in real GDP.

[PiuYi]

use the Y = C+I+G+X formula, it really helped me with this kinda shit in macroecon

[$_$]

Thanks to everyone that's trying to help!!! Really appreciate it.


And....

Where are you orange7?? I'll come find you!!
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[CRS]

Hmm I'm not sure how reliable orange7 is...

Ask TRDood or whatever his name is. He's a TA for something like this IIRC.

Reference SFU Thread.

[wuuhoo]

Each of the following events is either a cause or a consequence of a shift in the AD or SAS curve. Identify which is and, if it is a cause, describe the effect on equilibrium real GDP and the price level.

a)The % of the Canadian labor force that belongs to unions increases, in spite of the deepening recession.

b)A 10% reduction in personal and corporate income taxes.

c)World commodity prices declined sharply in 1997-98. Many of these commodities are both produces in Canada and are used as important inputs for the Canadian firms.

d)Cnada reaches an agreement with Japan that increases Canadian exports to Japan but has no effect on Canadian imports of Japanese goods.


a) AS decreases, due to cuts to labour supply. AS moves left, decreasing output

b) a reduction in taxes causes an increase in spending. AD moves right

c) not sure. If i had to guess, i would say AD moves right causing more output and lower price

d) AD increases because export has increased


Thats all I remember, I really didnt like econ much. So cant you there much haha

[TRDood]

If you are looking for a regular tutor, $35 per hour, I will go to your house/meet with you at school.

My qualifications:
Ranked #1 TA for SFU Economics Fall 2009 and Spring 2010. Recipient of 2009-2010 Outstanding Teaching Assistant Award.
Worked as an Analyst and Economist in the federal government (Co-op, 8 months experience).
3.72 GPA for my MA degree.

:D

Edit: wait, this thread is about 1 month old. Need extra help for finals?

[Jer3]

If you are looking for a regular tutor, $35 per hour, I will go to your house/meet with you at school.

My qualifications:
Ranked #1 TA for SFU Economics Fall 2009 and Spring 2010. Recipient of 2009-2010 Outstanding Teaching Assistant Award.
Worked as an Analyst and Economist in the federal government (Co-op, 8 months experience).
3.72 GPA for my MA degree.

:D

Edit: wait, this thread is about 1 month old. Need extra help for finals?

did you win the ta award along with dadson? dadson's a cool guy!

[TRDood]

Nick? Yes, there are two winners every year.

He's 1 of only 2 black guys in the whole department. Haha
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