Ques1: Critically, but very briefly, explain why the minimum RGDP growth rate needed to achieve full employment for the United States is constrained by 3%. Give numerical examples by using relevant equations and comparing them with other countries' positions

Ques2: Briefly explain why the shape of the SRAS curve is relatively flat during a severe recession and increasingly slopes upward as the economy reaches full employment and beyond

Ques3: Explain why the AD curve slopes downward.

Ques4: Draw a hypothetical diagram for the AD-AS model you learned about in this chapter and indicate a situation with demand-side inflation. The same diagram indicates another situation with supply-side inflation.

Ques 5.: What is the Keynesian multiplier and how does it expand the economy at a rate of the multiple of the initial expenditure amount injected into the economy? Give a numerical example as part of your answer