A macroeconomist is interested in a. explaining how changes in sellers' behavior affect prices of a particular good. b. explainning price changes in a particular market. c. explainning why the unemployment rate is higher. d. All of the above are correct.
ANSWER:
The correct answer is c that is explainning why the unemployment rate is higher as macroeconomist looks at aggregrate economic behaviour and tries to understand the inflation , price level , economic growth and gdp such that it helps it curbing down unemployment by taking appropriate measures.
A macroeconomist is interested in a. explaining how changes in sellers' behavior affect prices of a...
A macroeconomist would be most likely to study: A. how social norms can affect the price of wheat B. how a change in the interest rates can affect home sales and the overall economy C. whether a new McDonalds restaurant would be successful in Raynham D. how BSU students decide whether to buy or rent their textbooks Economists consider all of the following to be resources EXCEPT: A. capital B. labor C. entrepreneurship D. stocks Economists say that because of...
All else equal, how will increasing unemployment insurance affect the natural rate of unemployment? The natural rate of unemployment is likely to decrease. The natural rate of unemployment will remain unaffected. The natural rate of unemployment is likely to increase. From the following examples, select the example illustrating frictional unemployment. Winny is annoyed with her manager at the Tasty Freeze where she has worked all summer. She decides one day just to not go to work anymore and instead goes...
When studying a certain market, I notice that sellers change their prices uniformly, i.e. at about the same time they all either choose to raise or lower prices Select one: a.d. This is evidence that competition has increased in the industry. b. b. This is evidence of competition, since the sellers will all make the same type of adjustment to a change in the environment (e.g. a nationwide rise in fuel prices) Uniform price changes can be seen in both...
The price received by sellers in a market will increase if the government decreases a Answers: a. binding price floor in that market b. binding price ceiling in that market c. tax on the good sold in that market d. None of the above is correct
U(m,n)= ? m^r?^s Show how the changes of prices and income affect the demand for good ? and ?. (Assume ? and ? are positive)
When a market is in equilibrium… A. the price determines which buyers and sellers participate in the market B. the good is produced by the sellers who produce at lowest cost. C. the good is consumed by the buyers who value it the most. D. (B) and (C) are correct E. (A), (B), and (C) are correct.
2. (20 points) How will the following changes affect the natural rate of unemployment? Identify the type of unemployment that will be affected and the direction of the change. a. The government reduce the length of time a worker may receive unemployment benefits. Frictional Unemployment would be reduced a lower the natural rate of unemployment b. More teenagers delay looking for jobs until after they complete their college education. Frictional unemployment woulld be reducedd lowered natural Rate of unemployment c....
Why are prices important in a market when there are no price controls? a. Higher prices provide an incentive for demanders to decrease the amount they wish to demand. b. Prices bring about an equilibrium between the demanders and suppliers in a market. c. Higher prices provide a signal (an incentive) to suppliers that they should increase supply to meet the increased demand. d. All of the above
Self-interested behavior can lead to positive social results. Adam Smith says that the actions of self-interested individuals produces a property called the "invisible hand" that will _____________. Select the correct answer below: A. only benefit them but not society as a whole B. reduce the overall well-being of both these individuals and society as a whole C. also lead to a promotion of the greater good D. none of the above
The daily changes in stock prices exhibit a random behavior, which means that these daily changes are independent of each other and can be approximated by a normal distribution. To test this theory, collect data for one company that is traded on the Tokyo Stock Exchange, one company traded on the Shanghai Stock Exchange, and one company traded on the Hong Kong Stock Exchange and then do the following: 1. Record the daily closing stock price of each of...