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Q1. If you are the chief economist of a country experiencing high unemployment as well as flat GDP, what macroeconomic policies might you enact in response to these economic conditions? Explain how would you expect these policy changes to impact the economy?
Q2. How macroeconomic equilibrium does an economy achieve? Elucidate what affect does a high level of inflation have on macroeconomic equilibrium?
Q3. Joe Producer makes a product that sells for $1,000. In the production process, he pays $750 for wages, $125 for materials, as well as $ 75 for rent. Three-fourths of Joe's output is consumed as well as the rest is invested. Clarify how both the flow-of-product approach as well as the earnings approach can be used to measure GDP as well as the role profit plays in these calculations. Estimate GDP for Joe by means of both the product as well as income approaches as well as show how they must agree.
These 3 basic trade-offs include which goods or services are to be created, how to create them, also who gets them.
Suppose, on the other hand, that the second country retaliates with an export subsidy of its own.
Conditions that exist when they shut down their operations and the conditions that exist when they resume their operations.
Find the equilibrium price and quantity algebraically. If tourists decide they do not really like T-shirts that much, which of the following might be the new demand curve.
Identify those who gave us the concepts of monopsony and human capital.
Using your understanding of the financial system, the demand for money, banking and the money provide, interest and spending, the stock market, interest and investment.
The cost of the grapes may be as much as 60% of total production costs but varies greatly from lower-quality inexpensive wines to the highest quality wines.
Find the quantity that maximizes the profit of the monopolist, the profit of the monopolist and the corresponding domestic and international price.
Marginal rate of substitution between leisure as well as labor as well as the marginal product of labor in the Robinson Crusoe model.
If the number of labor hours increases by 10% and the number of hours of capital used decreases by 10%, what is the percentage change in output.
Why would we expect that the price elasticity of demand for the product of an individual firm would typically be greater than the price elasticity of demand for the product overall.
Could Boeing's margin probable rise or else fall if yen then depreciated as well as competitor prices were unchanged.
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