Macro 2

Carbon economy focus on the reduction of CO2, one of the Goverment effort at the economic policy level is

• Planting trees

• Maintain the Forest

• Developing Carbon Market

Why do climate changes bring impact to macroeconomy? EXCEPT

• Creates risk at the State Budget due to disasters and water and food scarcity

• Reduces GDP if the risk accuring

• Reduces company profitability due to the cost rising

These are the factors that increases the aggregate demand...except

• increase in consumption

• increase in government spending

• increaase in import

In the ................ the aggregate supply curve will be vertical.

• Long run

• Short run

• Medium run

The present of numerous natural resources will ..... the aggregate supply.

• increase

• decrease

BBM Price is rising from Rp.10.000 per litre to Rp.11.000,-. Many Warteg increases the price of food by 20% from the previous price. It is called....

• Sticky price

• Market misperception

This economic model assumes that the market is not always in a full capacity and Government can do intervention to keep the market stability.

• Classical Model

• Keynesian Model

Which one is correctly represent aggregate supply under clasical model?

• Price of good will stay the same regardless the economic fluctuation.

• Quantity of products will be the same regardless the price.

Basic assumption of classical model is

• The unenployment exist

• No unemployment. All productive people are employed.

Carbon leak represent successfull effort to reduce global CO2.

• TRUE

• FALSE