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

Assignment, Illustrate and discuss the impliction of various market structu...

Illustrate and discuss the impliction of various market structures(competitive and non-competitive)

Enzyme activity mechanism, The enzymes are highly specific in nature. Durin...

The enzymes are highly specific in nature. During enzymatic reaction the enzyme is so built that it binds to the substrate in a specific manner. The stepwise mechanism of enzyme ca

Allocated stock and safety stock - mrp system, Allocated Stock and Safety S...

Allocated Stock and Safety Stock  Allocated stock  A category of stock which ensures that current stock is set aside and not issued under the normal procedure.  Safet

What do you meant by derivatives, Q. What do you meant by Derivatives? ...

Q. What do you meant by Derivatives? Derivatives: A derivative is a financial asset whose resale value depends on the value of other financial assets at different points in tim

Define the term entrepreneurship, Define the term Entrepreneurship Ent...

Define the term Entrepreneurship Entrepreneurship :   An entrepreneur is an individual who takes risks and organises the factors of production to make a product and therefore

Perfect competition, demand: Qd=100=Px supply: MC=10+1/2Qs assume first th...

demand: Qd=100=Px supply: MC=10+1/2Qs assume first that this firm operates in a perfectly competitive market. find the price and quanity in this market.

Microeconomics, INFO: Suppose that a firm is currently employing 20 workers...

INFO: Suppose that a firm is currently employing 20 workers,(the only variable input), at a wage rate of $60. The average product of labor is $30, the last worker added 12 units to

Inflation and inflation types, Inflation Types Inflation is generally c...

Inflation Types Inflation is generally classified on the basis of its rate and causes, while rate-based classification of inflation refers to the severity of inflation or how h

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