Explain why a stable economic equilibrium requires the economy to be operating at an output level at which the aggregate demand curve, the long run aggregate supply curve and the short run aggregate supply curve all intersect.

why a stable economic equilibrium requires the economy to be operating at an output level at which the aggregate demand curve, the long run aggregate supply curve and the short run aggregate supply curve all intersect

There is one problem question in assignment 3 worth 15 points. You must have studied chapters 12, 13, and 14 of the text before tackling this assignment. Utilizing supplementary sources is encouraged. Your response should include complete APA 6th style citations for all sources mentioned.
In your response to the following question, make sure to use economic theories or principles to help you comprehend the state of the economy and the necessity for government involvement. This will help you with your analysis and decision-making. Use proper syntax, spelling, and writing style while expressing your ideas, and whenever required, back your responses with illustrations and examples.
Query (15 points)
Describe why a stable economic equilibrium requires the economy to be functioning at a level of output where the aggregate supply, aggregate demand, and aggregate supply over time all overlap.
Rationale
With this assignment, you’ll get some practice coming up with answers to questions that are comparable to the ones you might encounter on the exam.
The inquiry tackles the following learning objectives:
Learning Outcome 5: Be able to critically analyze and present arguments for why the government may need to get involved in the distribution of income and the production of products and services.
Learning Outcome 6: Be able to analyze key economic factors critically in order to assess the state of the economy as a whole and provide recommendations for potential policy changes.

grading standards

HD criteria (85%) D (75-84%) C (65-74%) P (50-64%) N (0,50%)
Clear meaning communication in academic writing (10% weighting) With no spelling, grammar, or punctuation problems, language elements and structures are used to effectively, concisely, unambiguously, and in a tone suited to the audience and purpose, transmit meaning. With few spelling, grammar, or punctuation problems, language elements and structures are used to efficiently, clearly, and unmistakably convey meaning in a tone suited to the audience and purpose. The language occasionally lacks clarity and may not be succinct, and it contains some faults in spelling, grammar, word choice, and structure, but the reader can infer the meaning without much effort. The language occasionally lacks clarity and may not be succinct, and it contains some faults in spelling, grammar, word choice, and structure, but the reader can infer the meaning without much effort.
fails to fulfill the requirements for a pass.
APA 6th referencing is used in academic writing (10% weighted). The referencing is thorough, shows academic integrity, and follows APA style guidelines to the letter. With fewer than three small mistakes or omissions that have no bearing on the transparency and traceability of the source or the presentation of academic integrity, referencing is thorough, demonstrates academic integrity, and follows APA style guidelines. The use of references is thorough and generally accurate according to APA style guidelines. Italics, punctuation, and other formatting choices, up to eight small errors or omissions, have no bearing on the transparency and traceability of the source or the display of academic integrity. The use of references is thorough and generally accurate according to APA style guidelines. Regularly occurring minor mistakes or omissions in style and formatting decisions (such as italics, punctuation, and underlining) have no bearing on the source’s transparency and traceability or the assertion of academic integrity. fails to fulfill the requirements for a pass.
analyzes the production of goods and services as a whole and the need for macroeconomic stability to determine the circumstances in which it is advised for the government to interfere with production and income distribution. (Weighting: 60%).
The solution synthesizes the theory in relation to the macroeconomic stability analysis with new insights, providing an in-depth application of the theory of government macroeconomic intervention along with clearly labeled pertinent diagrams to produce a comprehensive analysis that is used as the basis for determining the appropriate government policy decisions within the context of particular macroeconomic circumstances.
The response assesses the theory in light of an examination of macroeconomic stability and acknowledges that deviations from equilibrium can call for government action. A sound argument is used to explain decisions based on analysis in a way that accurately reflects the possibilities accessible under the given market conditions. This shows strong judgment. Minor inaccuracies have been discovered in the story or diagramming, nevertheless. In relation to the analysis of macroeconomic stability, the response correctly interprets the theory and acknowledges that deviations from equilibrium can necessitate government action. Analysis-based decisions about government intervention accurately represent the possibilities accessible under the given circumstances. However, there have been some issues with the narrative or diagramming. The best theory for analyzing macroeconomic stability is identified in the response, which also acknowledges that deviations from equilibrium can necessitate government action. Analysis-based decisions about government intervention accurately represent the possibilities accessible under the given circumstances. Poor diagramming and insufficient explanations offer only mediocre evidence for the results reached. fails to fulfill the requirements for a pass.
Giving instances to support, clarify, or expand the application of economic theory or concepts to Australian macroeconomic conditions and macroeconomic policy decisions (20% weighting).
With new information to support the analysis of the question and/or the decisions made based on this analysis, the answer offers an example or examples that illustrate the theory’s synthesis in relation to macroeconomic stability and the impact of government intervention on production and income distribution. The story effectively connects the example(s), current theory, fresh discoveries, and the application of each to policy. The response offers one or more instances to support the assessment of the theory with regard to macroeconomic stability, governmental intervention to affect output and income distribution, and/or decisions made in light of this analysis. The story effectively connects the theory, the example(s), and their application to policy. In order to support the analysis of the question and/or the conclusions based on this analysis, the answer presents an example or examples that support the interpretation of the theory in connection to macroeconomic stability and the influence of government intervention on output and income distribution. With only slight logical errors, the story connects the example(s) to theory and their application to policy. To support the analysis of the question and/or the decisions made based on this analysis, the answer offers an example or examples that illustrate the key concepts of theory in relation to macroeconomic stability and the impact of government intervention on production and income distribution. The narrative, however, fails to establish a strong connection between the example(s), theory, and later application to policy. fails to fulfill the requirements for a pass.

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Presentation Typed responses and clear, orderly diagrams—preferably created electronically—should be used. Hand-drawn diagrams are acceptable. Your response should include complete APA 6th style citations for all sources mentioned. The response should be broken up into these three sections:
Introduction to Part 1
The introduction frames your response by simply outlining your grasp of the concerns, your opinion of the best approach to analyze the scenario (including your choice of theory and evidence sources), the kind of results you anticipate, and any potential applications you anticipate.
Second: Analysis
The analysis will take up most of your time. Here, you will give a thorough explanation of your response to the topic by referencing relevant literature, theories, and supporting data. You might find that you want to divide this section into a number of sub-parts: one for a thorough discussion of the issues, including your non-technical response; one for a thorough analysis of the analytical tools you will use (theory); one for your thorough consideration of the evidence; and one where you summarize your data and findings, as well as their implications.
Third part: conclusion
In the conclusion, you quickly and clearly summarize what you did to address the query and point out any potential follow-up issues.

Requirements
Your response should include complete APA 6th style citations for all sources mentioned.
Assignments have to be turned in through Turnitin. Appendix 1 contains further information on submission in Turnitin.

 

 

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