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ECON20521 Macroeconomics Analysis 3 Tutorial 4 1. Explain the shape of...
help with question 1 please ECON20521 Macroeconomics Analysis 3 Tutorial 4 1. Explain the shape of...
help with question 1 please
ECON20521 Macroeconomics Analysis 3 Tutorial 4 1. Explain the shape of the representative firm's demand for labour. 2. What are the effecets of a temporary increase in government purchases on the real interest rate, aggregate output, employment, the real wage, consumption and invest- ment? 3. Determine how the following affects the slope of the out put demand curve, and explain your results: (a) The MPC increases. (b) The intertemporal substitution effect of the real iuterest...
help with question 3 please ment 3. Determine how the following affects the slope of the...
help with question 3 please
ment 3. Determine how the following affects the slope of the out put demand curve, and explain your results: a) The MPC increases. (b) The intertemporal substitution effect of the real interest rate on current con- sumption increases (e) The demand for invest ument goods becomes less responsive to the real interest rate.
2. Use the IS-LM model to analyze the general equilib- rium effects of a permanent increase...
2. Use the IS-LM model to analyze the general equilib- rium effects of a permanent increase in the price of oil (a permanent adverse supply shock) on current out- put, employment, the real wage, national saving, con- sumption, investment, the real interest rate, and the price level. Assume that, besides reducing the current productivity of capital and labor, the permanent sup- ply shock lowers both the expected future MPK and households' expected future incomes. (Assume that the rightward shift in...
Macroeconomics True or False? Please explain shortly and make sure of the answer. Thanks. 3. An...
Macroeconomics True or False? Please explain shortly and make sure of the answer. Thanks. 3. An increase of interest rate increases the stock price. 4. Monopoly and monopsony affect the unemployment. 5. The open market operation is the changes in interest rate in open market. 6. The high reserve requirement increases money creation. 7. The money value and price level have the positive relationship. 9. An inflation tax is tax put onto inflation. 11. 1973-1975 recession is due to aggregate...
can someone explain please Question 5 0/2 pts Which of the following is most likely to...
can someone explain please
Question 5 0/2 pts Which of the following is most likely to cause an increase in the inflation rate? a reduction in the percentage of workers who are in labor unions an increase in competition between firms an increase in the non-labor costs of production an increase in the unemployment rate Rising unemployment tends to put downward pressure on wages and prices. In the figure below, when employment is at the level at point C, the...
N-1 N=2 N-4 N-16 Table 3: Question 4, Part2 Question 4: The Aggregate Production Function (30...
N-1 N=2 N-4 N-16 Table 3: Question 4, Part2 Question 4: The Aggregate Production Function (30 Marks) This question focuses on labour productivity, labour demand, and generally on the production function. Assume that the Aggregate Production Function is represented by the following equation: Y stands for output, K stands for the capital stock, N stands for the number of people employed, L stands for the quantity of land used in production, and A stands for a measure of labour efficiency...
Please make sure to answer all parts, previous expert answers have not and it's really confusing!!...
Please make sure to answer all parts, previous expert
answers have not and it's really confusing!!
Closed Economy IS-LM-FE model. The behaviour of households and firms in a closed economy is represented by the following equations Y50N - 0.5N2 Cd 40 + 0.8Y d = 80-500r 0.5y-250(r + π*) where π-0.02 = _ where Y is output, N is labour, w is the real wage, Ns is the amount of labour supplied Cd is desired consumption. Id is desired investment....
1. Explain what will happen to the price level real GDP and the unemployment rate in...
1. Explain what will happen to the price level real GDP and the unemployment rate in the following cases: a. AD falls by the same amount that SRAS rises b. AD falls by less than SRAS rises c. AD falls by more than SRAS falls d. AD falls by the same amount that SRAS falls e. AD falls by less than SRAS falls 2. Explain how expectations about future sales will affect investment. 3. How will a change in the...
Section A Question 1 (a) For an inferior good, decompose the effect of a price rise...
Section A Question 1 (a) For an inferior good, decompose the effect of a price rise into a substitution and income effect using the Slutsky decomposition approach. (10 marks) (b) Assume an individual has preferences represented by the fllowing utility function: U(X,Y) = 2x + Y. The price of good X is £3 and the price of good Y is £7. Show on a diagram where the optimal consumption of goods X and Y will be. (10 marks) (c) Suppose...
According to Keynesian theory, the most important determinant of saving and consumption is Select one: a....
According to Keynesian theory, the most important determinant of saving and consumption is Select one: a. the level of real income. b. the stock of liquid assets. c. the stock of durable goods in the consumer's possession. d. the level of consumer indebtedness. Question 5 Not yet answered Marked out of 1.00 Flag question Question text In the Keynesian model, planned investment is inversely related to Select one: a. the interest rate. b. the level of income. c. the wage...
help with question 1 please
ECON20521 Macroeconomics Analysis 3 Tutorial 4 1. Explain the shape of the representative firm's demand for labour. 2. What are the effecets of a temporary increase in government purchases on the real interest rate, aggregate output, employment, the real wage, consumption and invest- ment? 3. Determine how the following affects the slope of the out put demand curve, and explain your results: (a) The MPC increases. (b) The intertemporal substitution effect of the real iuterest...
help with question 3 please
ment 3. Determine how the following affects the slope of the out put demand curve, and explain your results: a) The MPC increases. (b) The intertemporal substitution effect of the real interest rate on current con- sumption increases (e) The demand for invest ument goods becomes less responsive to the real interest rate.
2. Use the IS-LM model to analyze the general equilib- rium effects of a permanent increase in the price of oil (a permanent adverse supply shock) on current out- put, employment, the real wage, national saving, con- sumption, investment, the real interest rate, and the price level. Assume that, besides reducing the current productivity of capital and labor, the permanent sup- ply shock lowers both the expected future MPK and households' expected future incomes. (Assume that the rightward shift in...
can someone explain please
Question 5 0/2 pts Which of the following is most likely to cause an increase in the inflation rate? a reduction in the percentage of workers who are in labor unions an increase in competition between firms an increase in the non-labor costs of production an increase in the unemployment rate Rising unemployment tends to put downward pressure on wages and prices. In the figure below, when employment is at the level at point C, the...
N-1 N=2 N-4 N-16 Table 3: Question 4, Part2 Question 4: The Aggregate Production Function (30 Marks) This question focuses on labour productivity, labour demand, and generally on the production function. Assume that the Aggregate Production Function is represented by the following equation: Y stands for output, K stands for the capital stock, N stands for the number of people employed, L stands for the quantity of land used in production, and A stands for a measure of labour efficiency...
Please make sure to answer all parts, previous expert
answers have not and it's really confusing!!
Closed Economy IS-LM-FE model. The behaviour of households and firms in a closed economy is represented by the following equations Y50N - 0.5N2 Cd 40 + 0.8Y d = 80-500r 0.5y-250(r + π*) where π-0.02 = _ where Y is output, N is labour, w is the real wage, Ns is the amount of labour supplied Cd is desired consumption. Id is desired investment....
Section A Question 1 (a) For an inferior good, decompose the effect of a price rise into a substitution and income effect using the Slutsky decomposition approach. (10 marks) (b) Assume an individual has preferences represented by the fllowing utility function: U(X,Y) = 2x + Y. The price of good X is £3 and the price of good Y is £7. Show on a diagram where the optimal consumption of goods X and Y will be. (10 marks) (c) Suppose...
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