Types of unemployment, Microeconomics

Assignment Help:

Question 1:

a) Describe the different types of unemployment that exist.

b) Critically examine how monetary policy will be used to deal with inflation.

c) Critically determine how fiscal policy can be used to deal with unemployment.

d) What are the causes of inflation?

Question 2:

(a) Differentiate between income, price and cross elasticity of demand.

(b) Would you agree that, in order to maximize total revenue, the manager of a supermarket must understand and apply the concept of price elasticity of demand? Explain your reasoning, with the help of appropriate examples and diagrams.

(c) Discuss how a supermarket can sell many products at very low prices, despite their higher fixed costs.


Related Discussions:- Types of unemployment

Describe theory of purchasing power parity, Question 1: (a) Using examp...

Question 1: (a) Using examples, explain how the theory of Purchasing Power Parity conforms to the Law of One Price. (b) According to you, how best does the Theory of Purchasing

Example of insurance - reducing risk, The Value of Title Insurance While Bu...

The Value of Title Insurance While Buying a House *  A Scenario: - Price of house is $200,000 - 5% chance that seller does not own house *  Risk neutral buyer would pa

Inflation, inflation and policies that are used to combat it

inflation and policies that are used to combat it

Capitalism, what to produce of capitalism

what to produce of capitalism

Production posibility curve, what do you understand by production posibilit...

what do you understand by production posibility curve?

Slope of an iso-quant, Slope of an Iso-quant: Since along an iso-quant...

Slope of an Iso-quant: Since along an iso-quant the level of output remains the same, if θL units of θL are substituted for K units of K, the increase in output due to θ L

Methodology of econometrics, Methodology of econometrics involving three st...

Methodology of econometrics involving three stages 1. Specification of the model using a specific stochastic equation, together with a priori theoretical expectations about th

Supply and demand, Explain the meaning of the statment "coffee and tea are ...

Explain the meaning of the statment "coffee and tea are close substitutes".

Non-collusive oligopoly price and output determination, what is non- collus...

what is non- collusioligopoly and how its price and output is determined

Explain production and describe production function, The act of production ...

The act of production involves the transformation of inputs into output. Production is a transformation of physical inputs into physical inputs into physical output. The output is

Write Your Message!

Captcha
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