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

What is opportunity cost, What is opportunity cost?  Answer:   Opportun...

What is opportunity cost?  Answer:   Opportunity cost is a term used in economics, to mean the cost of something in terms of an opportunity foregone (and the advantages that co

Company, what the company do?

what the company do?

The free enterprise: price system, The Free Enterprise:  Price System ...

The Free Enterprise:  Price System The free market system is where the decision about what is produced is the outcome of millions of separate individual decisions made by cons

Perform an economic feasibility study, Question: You are required to pe...

Question: You are required to perform an economic feasibility study for a project involving the setting up of an information system in a company. The table below summarises th

PPC, could a nations production possibilities curve ever shift inward

could a nations production possibilities curve ever shift inward

Demand Forecasting, what is demand forecasting and defines its techniques

what is demand forecasting and defines its techniques

Labor , #questThe demand for and supply of labour in a certain industry are...

#questThe demand for and supply of labour in a certain industry are given by the equations Nd = 400 - 2w Ns = 240 + 2w Where Nd ( is the number of workers employers want to hire

Impact of government legislations on business, Impact of government legisla...

Impact of government legislations on business in india Government in India plays a dominant role in the Indian business activity. It directs and regulates the private business and

Law of cardinal utility approach, ??????? ??? ???? ??? # 100 ?????? #Minimu...

??????? ??? ???? ??? # 100 ?????? #Minimum ?????? ?????

The economy is in the steady state, Assume in the Solow growth model that s...

Assume in the Solow growth model that s=.25, n=.02, d=.08, and f(k)=k^3. A)    Assume that z=2.  What is the steady state level of capital per worker and consumption per worker?

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