Principles of Macroeconomics
Macroeconomics studies the behavior and performance of an economy as a whole.
In your post, analyze the economic growth of Botswana using the concepts from chapter 8. In particular, analyze Botswana in terms of capital deepening, technological progress, education and human capital. In a ...
Actual GDP is 3880; potential GDP is 4100; income tax rate is: 38 %; autonomous taxes are: 310; government transfers are: 390 and government purchases of goods and services are: 490. Calculate: a) Actual budg ...
Washington: The Sultanate is making great progress in fiscal adjustment and structural improvements that will help reduce the impact of the Covid-19 pandemic on the economy, the Institute of International Finan ...
In USA some minorities like Asian Americans are more willing to go to collage compared with White Americans, the ethnic majority in the country. Other minorities like African Americans rather find job after gra ...
How changes in exchange rates can influence exports and imports?
How to calculate unemployment rate
C = 250-0.75Y I = 350 G = 800 X = 500 M = 200+0.4Y T = 0.15Y Use the above information to answer the following question If C = 250-0.75Y, interpret the meaning of the value 250 State the value of MPT, MPC and M ...
Weather forecasters know they are making future predictions based only on past and present observations. What if a colleague told you that an investment in that new startup was a sure thing?
how would you think of calculating the opportunity cost of a 4 year undergraduate degree? what are the elements of this cost that individuals tend to overlook? ( you may assume that it cost the same to live at ...
Explain the relationship between the effectiveness of monetary policy and the interest elasticity of investment. Will monetary policy be more or less effective the higher the interest elasticity of investment d ...
c) What are the equilibrium levels of income (Yo) and interest rate (io)
PS Note: Am in particular after the solutions to part e and f The following equations describe a small open economy. [Figures are in millions of dollars; interest rate (i) is in percent]. Assume that the price ...
Suppose that the economy of Stormwind has the following features: The level of private saving is $150. The level of investment expenditure is $150. The level of exports is $100. The level of imports ...
Suppose we were in a situation where the interest elasticity of investment is low, and money demand is very interest elastic. Explain the effect on income of a monetary and fiscal policy action. Which of the tw ...
Explain Keynes’s theory of how expectations affect investment demand. How is this theory related to Keynes’s view that aggregate demand would be unstable in the absence of government stabilization policies?
Which of the following is not a source of economic growth 1)capital widening 2)imports 3)government spending 4)natural resources
Which of the following is correct? 1) Taxes that distort relative prices are not neutral. 2) Taxes should always be aimed at changing the economic behaviour of taxpayers.
An increase of the marginal propensity to spend out of national income will cause a parallel shift of AE curve”. Is this statement true or false? Please explain if it is false.
Explain the relationship between profit maximisation and labor demand
Suppose in a region each household produces either 1 pair of shoes or 1 gallon of milk per hour. One mile of round-trip travel takes 12 min. A firm produces shoes. The firm faces CRS in production and charges c ...