macro economics policy
(a) Do you think that macroeconomic policy should be designed to achieve a measured unemployment rate of zero? Why or why not should this be the case?
"The economic cost of unemployment is measured by the GDP gap." Explain this statement. ?
What happens when AD > AS past to full employment level of employment?
What occurs to aggregate demand if the government budget is in deficit? Answer: The deficit budget raises the aggregate demand since the deficit budget signifies th
Explain the concept of “economies of scale” and “increasing returns”.
Describe why businessmen mostly wish to open current account in bank?
Describe when there will be a shortage of the good?
Economic systems differ according to which two main characteristics?
a restrictive monetary policy is designed to shift the
Read the article on blackboard in the assignments area, John McCallum "Agriculture and economic development in Ontario and Quebec until 1870", Gordon Laxer, ed. Perspectives on Canadian Economic Development: Class, Staples, Gender and Elites (Toronto: Oxford Universit
Quetion: Describe the present economic crisis situation in Europe. Why has it been so difficult for the Europeans to find a solution to this problem? Comment on what implications the crisis may have for the rest of the
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