Which of the following is NOT the focus of macroeconomics ? A) Indivisual Prices B) Aggregate...
Homework Answers
Ans) the correct option is individual prices
Because Macroeconomics is the study of aggregate economic variables. macroeconomics is the study of the behavior of the economy as a whole
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Which of the following is NOT the
focus of macroeconomics ?
A) Indivisual Prices
B) Aggregate...
. Macroeconomics includes the study of a. individual markets. b. the behavior of the firm. c....
. Macroeconomics includes the study of a. individual markets. b. the behavior of the firm. c. the behavior of the consumer. d. e. changes in national income. changes in commodity prices. REF: How Is Macroeconomics Different from Microeconomics? 2. Which of the following is a topic of microeconomics? a. the level of national income b. the level of employment in the country c. the prices of all goods in the country d. the profit of firms in the banking industry...
please help William A. McEachern - Chapter Titles ‘Introduction to Macroeconomics’, ‘Aggregate Expenditure and Aggregate Demand,’...
please help William A. McEachern - Chapter Titles ‘Introduction to Macroeconomics’, ‘Aggregate Expenditure and Aggregate Demand,’ & ‘Aggregate Supply’ Chapter ‘Introduction to Macroeconomics’ Q8. Why does a decrease of the aggregate demand curve result in less employment, given an aggregate supply curve? Q9. Is it possible for the price level to fall while production and employment both rise? If it is possible, how could this happen? If is is not possible, explain why not. P15. Determine whether each of the following...
Q1. a. Why is national income equal to GDP? b. Briefly explain, with the aid of diagrams, the aggregate demand and aggre...
Q1. a. Why is national income equal to GDP? b. Briefly explain, with the aid of diagrams, the aggregate demand and aggregate supply model? c. What is "less than full employment" national income equilibrium? d. Which two principal macroeconomic policies might be applied to achieve full employment equilibrium? e. Explain, with the aid of diagrams, how the policies in (d. above) might be applied. f. Explain, with the aid of diagrams, the consequences of an excessive macroeconomic stimulus.
KEYNESIAN MACROECONOMICS ( THE ROLE OF AGGREGATE DEMAND Derive and compare the mutipliers for two-secto...
KEYNESIAN MACROECONOMICS ( THE ROLE OF AGGREGATE DEMAND Derive and compare the mutipliers for two-sector, three sector and four-sector economies Assume a 2 Suppose that for a particular economy C 2500 T-2500 G 2500 3000 a) Determine the equlbrium income and show it graphicaly Detemine thegovemment budget b) Has the economy achieved ful employment equilibrium income a employment is 350007 Whr )taxes are reduced? What is the new budget and the new funcion forax Show the outcomes graphically C- 200...
6. please (d) are the focus of macroeconomics. 5. Which of the following is an example...
6. please
(d) are the focus of macroeconomics. 5. Which of the following is an example of a positive statement? a. The federal government should be required to have a balanced budget. b. Local governments ought to impose rent controls to allow people to afford housing. c. Studies indicate that the imposition of a minimum wage increases unemployment. d. The government should impose taxes on imported goods to protect the jobs of American workers. 6. Which of the following is...
2. When aggregate demand increases, what happens to prices and employment? a. Prices will fall and...
2. When aggregate demand increases, what happens to prices and employment? a. Prices will fall and unemployment will rise. b. Prices and unemployment fall. Prices and unemployment rise. d. Prices will rise and unemployment will fall. c. Figure 16-1 a Price Level Inflation Rate c d e 3 Output Unemployment 3. Refer to the Figure 16-1. If the economy starts at c and 1, then in the short run, where does an increase in government expenditures move the economy? a....
In the basic aggregate demand and aggregate supply model, which of the following would cause deflation?...
In the basic aggregate demand and aggregate supply model, which of the following would cause deflation? An increase in A. government purchases B. oil prices C. the expected future price level D. income taxes
UNIT 1 (8 marks) Classify the following as microeconomics or macroeconomics and provide a justification for...
UNIT 1 (8 marks) Classify the following as microeconomics or macroeconomics and provide a justification for your choice. (i) The effect of changes in household saving rates on the growth rate of national income. (ii) The effect of rising oil prices on employment in the airline industry. (iii) A comparison of alternative tax policies and their respective impacts on the rate of the nation’s economic growth. (iv)Changes in the nation’s unemployment rate over short periods of time.
This Question: 1 pt 14 of 50 Macroeconomics is best defined by which of the following...
This Question: 1 pt 14 of 50 Macroeconomics is best defined by which of the following statements? O A. Macroeconomics is the study of how the prices of individual goods are determined. O B. Macroeconomics is the study of how firms attempt to maximize profits O C. Macroeconomics is the study of the behavior of the economy as a whole O D. Macroeconomics is the study of individual households.
If the price level decreases, then aggregate demand increase along the AD curve but the curve doesn’t shift. a. True b....
If the price level decreases, then aggregate demand increase along the AD curve but the curve doesn’t shift. a. True b. False The Long-run Aggregate Supply Curve (LRAS) can shift to the right because of: a. Discovery of more natural resources b. Development of more efficient technology c. Inviting more labor force through Immigration d. All of the above Which of the following may happen due to a crash in the stock market: a. AD curve may shift to the...
. Macroeconomics includes the study of a. individual markets. b. the behavior of the firm. c. the behavior of the consumer. d. e. changes in national income. changes in commodity prices. REF: How Is Macroeconomics Different from Microeconomics? 2. Which of the following is a topic of microeconomics? a. the level of national income b. the level of employment in the country c. the prices of all goods in the country d. the profit of firms in the banking industry...
KEYNESIAN MACROECONOMICS ( THE ROLE OF AGGREGATE DEMAND Derive and compare the mutipliers for two-sector, three sector and four-sector economies Assume a 2 Suppose that for a particular economy C 2500 T-2500 G 2500 3000 a) Determine the equlbrium income and show it graphicaly Detemine thegovemment budget b) Has the economy achieved ful employment equilibrium income a employment is 350007 Whr )taxes are reduced? What is the new budget and the new funcion forax Show the outcomes graphically C- 200...
6. please
(d) are the focus of macroeconomics. 5. Which of the following is an example of a positive statement? a. The federal government should be required to have a balanced budget. b. Local governments ought to impose rent controls to allow people to afford housing. c. Studies indicate that the imposition of a minimum wage increases unemployment. d. The government should impose taxes on imported goods to protect the jobs of American workers. 6. Which of the following is...
2. When aggregate demand increases, what happens to prices and employment? a. Prices will fall and unemployment will rise. b. Prices and unemployment fall. Prices and unemployment rise. d. Prices will rise and unemployment will fall. c. Figure 16-1 a Price Level Inflation Rate c d e 3 Output Unemployment 3. Refer to the Figure 16-1. If the economy starts at c and 1, then in the short run, where does an increase in government expenditures move the economy? a....
This Question: 1 pt 14 of 50 Macroeconomics is best defined by which of the following statements? O A. Macroeconomics is the study of how the prices of individual goods are determined. O B. Macroeconomics is the study of how firms attempt to maximize profits O C. Macroeconomics is the study of the behavior of the economy as a whole O D. Macroeconomics is the study of individual households.
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