Elucidate what affect does a high level of inflation

Assignment Help Business Economics
Reference no: EM137625

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.

Reference no: EM137625

Questions Cloud

Clarifying resource demand : Clarifying resource demand as well as differs from those determinant product demand.
What is the range of body fat : If the ideal percent body fat for an acceptable male is 18-24 percent. If a male student weighs 190 pounds, what is the range of body fat (in pounds) needed to match the ideal.
What tax revenue will be generated. : Illustrate that the tax be acceptable in spite of the deadweight loss. What tax revenue will be generated.
Discuss and list the three discounted cash flow methods : An alternative to traditional equity and debt financing is leasing. Leasing is undertaken primarily for what purposes.Examine two major types of leases.
Elucidate what affect does a high level of inflation : How macroeconomic equilibrium does an economy achieve. Elucidate what affect does a high level of inflation have on macroeconomic equilibrium.
Illustrate the new budget constraint : If you calculated correctly, you found that a decrease in the price of books caused Alexandr to purchase more movies as well as more books. How can this be.
Consider a wide range of careers : Assume that society changed as well as encouraged both young women as well as young men to consider a wide range of careers.
Fema creates several mechanisms for communicating : The Federal Emergency Management Agency (FEMA) creates several mechanisms for communicating with the public. Read Are You Ready? An In-depth Guide to Citizens Preparedness on the FEMA website, and watch the series of videos on preparedness that are i..
Number of boat makers in the long run : What happens to the profits of boat makers in the short run. What happens to the number of boat makers in the long run.

Reviews

Write a Review

Business Economics Questions & Answers

  Determined three trades-offs

These 3 basic trade-offs include which goods or services are to be created, how to create them, also who gets them.

  Country imposes a countervailing tariff

Suppose, on the other hand, that the second country retaliates with an export subsidy of its own.

  Economic growth rate

Conditions that exist when they shut down their operations and the conditions that exist when they resume their operations.

  Elucidate new demand curve

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.

  Monopsony and human capital

Identify those who gave us the concepts of monopsony and human capital.

  Stock market interest and investment.

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.

  Highest quality of wines

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.

  Quantity that maximizes the profit of the monopolis

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

Marginal rate of substitution between leisure as well as labor as well as the marginal product of labor in the Robinson Crusoe model.

  Number of labor hours increases

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.

  Elasticity of demand for the product

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.

  Japan airlines for the purchase of a boeing

Could Boeing's margin probable rise or else fall if yen then depreciated as well as competitor prices were unchanged.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd