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The following questions should be based on economic performance of Australia from 1990 to 2015 1. Critically analyse and discuss plausible economic explanations, including the role of government policy (fiscal or monetary), for the salient relationships between real GDP growth and other indicators. 2. Write a short prediction of the macroeconomic outlook of Australia. Is Australia likely to experience a recession or expansion soon?
Some politicians in countries that are the recipients of large numbers of immigrants advocate adopting laws requiring immigrants to learn the local language within a specified period of time.
A perfectly competitive firm faces a market price of $10 for its output X. It own two plants, A and B whose total costs are
Two firms compete in a market to sell a homogeneous product with inverse demand function P=600-3Q. Each firm produces at a constant marginal cost of 300 and has no fixed costs. Use this information to compare th output levels and profits in settin..
Review the following two articles. Explain how each of these might be used as evidence to bolster a policy position on direct to consumer (DTC) pharmaceutical advertising. Would one study have more scientific credibility than the other? Why?
Suppose real GDP is growing 5 percent, the money supply is growing at 10 percent, What is the current inflation rate and nominal interest rate
The residual of sales revenue minus the explicit accounting costs of doing business.
Assuming that there is a dominant firm, whose marginal cost is constant at $6. Derive the residual demand curve that it faces. Calculate its profit-maximizing output and price and show just the Output number and Price per unit.
Duty of care determines an expectation that harmful or potentially harmful impacts of organisational operations and activities will be managed in order to avoid dangerous hazards and risks.
Describe the role of business inventory changes in determining the equilibrium level of GDP and changes in level of GDP.
What are some of the damaging effects inflation has on an economy and What would be a monetary policy prescription to reduce or eliminate inflation?
Class, I think this is an important distinction. We tend to think of critical thinking as being a process and being able to engage in the process is important. As the questions change over time, you want to be able to engage in the critical thinki..
Suppose the economy has no income taxes or imports. How is the size of the expenditure multiplier related to the marginal propensity to consume? What is the multiplier if the MPC equals 0.25? If the MPC equals 0.50? If the MPC equals 0.90?
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