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Question: The economy starts at its steady state. Suppose the government decides to conduct a one-time policy encouraging saving in time 1. As in, the saving rate s will increase in time 1 and then fall back to its original level afterwards. No shocks happen ever since. Use a few sentences and /or graph to explain the shor-run and long-run impact of this one-time policy on (1) real output, (2) economic growth, and (3) welfare of average households (while ignoring how the income is distributed in the economy).
Summarise the macroeconomic event in the news article and mention your plan and discuss in the essay - Apply AS-AD, Aggregate Expenditure Model, Money market diagram
Many economists have attempted to create a set of social accounts that would come closer to measuring the economic well-being of the society than does GDP. What modifications of the current approach would you recommend to them
In meeting the high demand with limited resources consumers have to practice the opportunity cost. What do you understand by the term opportunity cost?
The following machine description will provide the basis for this assignment. You will create a virtual machine/operating system for the machine described below that will accept programs in the target machine language. The details for this assignm..
1) What is MACRO-economics? 2.) Outline the difference between positive and normative questions? University of Nairobi.
Draw "parallel" loanable funds markets for the two countries and show the position of the world interest rate.
Show that leisure must be a normal good for the labour supply function to be downward sloping.
Describe (in a sentence or two) the short run profit maximization condition when labour is the only variable input? What will happen to the labour demand if price of the output goes up?
Explain at least two limitations of the use of GDP in aggregate accounting
Identify key competencies of Lazada and justify how the company capitalises its strengths to gain its competitive advantage in Singapore.
How does inflation impact the value of the dollar. How does inflation impact the soaring consumer price (scarcity of electricity in a country).
What is the capital-abundant country? Could trade help reduce poverty in Brazil and other developing countries? What is the labor-intensive good?
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