Assume there was an increase in inflation (𝜋). Which diagram

below best depicts this change?

Recall the model of the labour market you learned in class. 

In all diagrams below, point "a" represents the initial equilibrium in the labour market.

Among the diagrams below, which one could represent the labour market after an increase in the marginal productivity of labour ? 

1. 

2. 

3. 

4. 

5. 

In the following (unlabelled) diagram point "a" represents the initial equilibrium in the PAE two sector model. 

Point "b" represents:

Recall the model of the labour market you learned in class. 

In all diagrams below, point "a" represents the initial equilibrium in the labour market.

Among the diagrams below, which one could represent the labour market after the government passed a law to increase in the retirement age? 

1. 

2. 

3. 

4. 

5. 

Recall the model of the labour market you learned in class. 

In all diagrams, point "a" represents the initial equilibrium in the labour market.

Among the diagrams below, which one could represent the labour market after the government passed a law to increase the intake of skilled immigrants ? 

1. 

2. 

3. 

4. 

5. 

The above diagram represents the labour market in country X.

Point "a" represents the initial equilibrium.

The standard

labour demand and supply model predicts that introduction of a minimum wage may lead to unemployment.

Which of the diagrams below presents a labour market after the introduction of the minimum wage, such that the segment AB represents the number of of unemployed workers?

1. 

2. 

3. 

4. 

The table below is from the Australian Bureau of Statistics, release titled "Australian National Accounts: National Income, Expenditure and Product; Quarterly estimates of key economic flows in Australia, including gross domestic product (GDP), consumption, investment, income and saving".

According to this table, in what quarter the Australian economy was in a recession? Choose the most correct answer.

Note: (i), (ii), (iii) and (iv) are defined as follows:

The following national accounting data are available for an economy for 2018.

What is the level of national saving in this economy?

In a two-sector economy the aggregate household saving function is given by S=-100+0.5Y and planned investment is 100. If autonomous saving by households increases by 50, what is the effect on household saving in equilibrium?

If the output gap in country O equals −$200 million, then country O has a ______________ gap.