What is an example of a normal good

Assignment Help Macroeconomics
Reference no: EM132476769

What is an example of a normal good and an inferior good? In terms of a real life situation

Reference no: EM132476769

Questions Cloud

Inequality in our own country and in the world : Why should we try to reduce and eliminate inequality in our own country and in the world, if possible?
Creating and maintaining happiness : How can working towards creating and maintaining happiness (if possible) for the majority of people in a county
What is the value of the govt surplus : What is the value of Ye? What is the value of the Govt surplus(+)/deficit(-) at Ye?
Identify the savings or greater costs in dollar amounts : Identify the savings or greater costs in dollar amounts related to Social Security, Medicare and federal income taxes of W2 versus 1099.
What is an example of a normal good : What is an example of a normal good and an inferior good? In terms of a real life situation
Economy more eisenhower or kennedy : What administration would help the economy more Eisenhower's or Kennedy's? Why? what were the major differences?
Higher level of output per worker in the steady state : Suppose that two countries are exactly alike in every respect except that population grows at a faster rate in country A than in country B.
Determine and find the amount to which will grow : Find the amount to which $450 will grow under each of the conditions. 9% compounded quarterly for 5 years.9% compounded monthly for 5 years.
What is the unemployment rate in community : If 80 people are over 16 years old and 72 of them are employed, what is the unemployment rate in this community?

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

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