principles of macroeconomics
Explain the concept of “economies of scale” and “increasing returns”.
A tax is shifted forward when the tax burden causes the: (w) consumers to pay higher prices. (x) lower purchasing power for the party bearing the legal incidence. (y) workers to experience lower take home wages. (z) decreased dividends to corporate st
Why the value of MPC is not greater than 1? Answer: This is because change in consumption can never be more than change in income.
Question: Some commentators have argued that the failure of the "Supercommittee" is good thing for the economy? Do you argree? Answer: Q : Difference between Elucidate the differences among the frictional, structural, and cyclical forms of unemployment.
Elucidate the differences among the frictional, structural, and cyclical forms of unemployment.
What relationship does the MPC bear to the size of the multiplier
When cost of a foreign currency increases its supply too increases. Elucidate why?
Question: Compare and contrast 'adaptive expectations' (Hubbard uses adaptive expectations) and 'rational expectations' in modeling expectations. Answer:<
Explain the term Shut Down Price? Illustrate it.
Question: This assignment in Economics, deals with macro-economics. An essay on Market imperfection associated with negative externalities. According to Economics, perfect markets would require an "invisible hand" to allocate all the resources to be a
Economists agree that inflation beyond a moderate rate is undesirable as it can often prove disastrous and therefore, it must be kept under control. Economists agree also that an appropriate mix of fiscal and monetary policies can be helpful in controlling inflation.
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