unemployment
(a) Do you think that macroeconomic policy should be designed to achieve a measured unemployment rate of zero?
Question: Some commentators have argued that the failure of the "Supercommittee" is good thing for the economy? Do you argree? Answer: Q : Define Macro Economics Macro Economics Macro Economics: Macro economics studies the economy as an entire.
Macro Economics: Macro economics studies the economy as an entire.
Land, capital and labor are all scarce since: (1) advertising mainly over stimulates human wants. (2) once employed they cannot be used again. (3) each productive resource needs a monetary return for its employ. (4) inheritance under a capitalism prot
What does fiscal deficit in government budget mean? Answer: This means more borrowing on the portion of government.
planned investment. planned saving. the difference between planned saving and actual saving. the difference between planned investment and actual saving.
According to law of diminishing marginal utility, the longer that Lee and Chris kiss: (i) the less invested each will be in ongoing this relationship. (ii) The nearer they are to reaching their joined production possibilities frontier. (iii) The more
Question: What can we learn from the Japanese experience? Is the US headed for a 'lost decade? Answer: There was a similari
What is the impact on income or output and price of excess demand (Inflationary gap)? Answer: In the condition of excess demand (that is Inflationary gap) there wil
What are the conditions through which the supply curve will shift?
When firms bear the legal incidence of a tax, this is backward shifted while: (1) firms burden consumers by raising their prices. (2) the tax burden is borne by workers in the form of lower wages. (3) resource suppliers seek higher factor payments to
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