EXAM ONLINE ECON3098 THE ASIAN ECONOMY - 18TH NOVEMBER 3:00PM AESTNEED THIS TASK TO GO WELL NEED AT...

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EXAM ONLINE ECON3098 THE ASIAN ECONOMY - 18TH NOVEMBER 3:00PM AESTNEED THIS TASK TO GO WELL NEED AT LEAST 60% in this task and nothing less

The Exam - what to expect:

Much like the Mid-Session Test, the Exam will contain short answer questions, which may require maths and a diagram or diagrams, and longer prose questions.

Given the possible need for animated diagrams in the Exam, you will need to make sure you provide a copy of the file in addition to the PowerPoint file you submit to Turnitin (which will not preserve those animated effects). The Exam instructions page will tell you how to do this; these instructions are not difficult, though you will need to follow them carefully, and you will see that they are very similar to those set out for the in-Session assessments.

You can prepare a correctly named PowerPoint file well before the Exam, ready for insertion of your responses to the Exam questions. And you can take other steps to prepare, as you will see when the Exam instructions page, and the Guide to the Exam, are released in the next few days and weeks. Again the Mid-Session Test instructions and content will serve as a guide in what to expect.

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Komalavalli · Accepted Answer

Slide 1
Final exam 3020
			Student Id: 44932367	
			Name : Amanuel Assefa
Question 2
By solving the given information we get 
Money multiplier as 2.5
IS equation Y=325-250i 
LM equation i=Y/2000-(1030/8000) 
At equilibrium point IS equals LM
We get equilibrium GDP YE = 317.5 and interest rate r as 3%
Question 2
Increase in money supply from 1030 to 1300 by 25% .
IS equation Y=325-250i 
New LM equation will be i=Y/2000-(1300/8000) 
At equilibrium point IS equals New LM
We get equilibrium GDP YE = 325 and interest rate r as 0%
IS LM Graph
GDP Y
Interest rate
i
LM
IS
LM New
3%
317.5
0%
325
Question 2
From the graph of ISLM we can see that increase in monetary policy will lead to shift LM curve from LM to LM new
This reduces interest rate from 3% to 0%.
Here we can see that Neo-classical view is applicable, since monetary policy is effective.
Question 3 a
During OPEC II there is a sharp increase in interest rate I  which led to deep recession of 1981 to 1982
There is a huge export boom in Japan 
Voluntary export restrictions leads to Structural I
Equation 
(S-I) +(T-G) = (X-M)
Question 3 a
In US there is Savings minus Investment is low and there is Reagan deficits (T-G) which led to large trade deficits in US
For Japan there is very high (S-I) high savings and low investment
Tax is lower while government expenditure is high this led to budget deficits.
There is high export in Japan which led to trade surplus.

EXAM ONLINE ECON3098 THE ASIAN ECONOMY - 18TH NOVEMBER 3:00PM AESTNEED THIS TASK TO GO WELL NEED AT LEAST 60% in this task and nothing less The Exam - what to expect: Much like the Mid-Session Test,...

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