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the goals of macroeconomic policy economic analysis attempts to explain why problems arise in the economy and how these problems can be dealt
the primary functions of economists are to teach contribute research and empirical findings and formulate policies most of the professional
economic analysis and typical managerial decisionsdespite the differences between microeconomic analysis and macroeconomic analysis there is
interdependence of macroeconomics and microeconomicsin microeconomics the underlying assumption is that the total output total employment and
positive and normative economicseconomics as a social science adopts an analytical approach to the study of changes in economic variables on the
classify each of the following as employed unemployed or not in the labor force abeth is not working she applied for a job at wal-mart
what are the effects of interest rate in the economy of south africa in unemployment economic groth employment and economic
if the us government were willing to convert dollars into gold at a fixed price then dollars would be a fiat money b
q1 the poorest countries in the world have a per capita income of about 600 today we can reasonably assume that it is nearly impossible to live
to really understand it compute the following price elasticities of demandmiddot the price of a laptop increases by
2. use the quantity theory of money to explain inflation a increase in the overall level of prices. 4 points if you were a member of the
1 why does the adoption of keynesian economics come out of the great depression? 1 why does the adoption of keynesian economics come out of the great
application of revealed preference approachit has been strongly argued especially by sir john hicks that one major advantage of revealed preference
application of theory of consumer behavioras already discussed earlier the theory is an important tool to interpret and analyse demand curves. apart
government and price-determination can be understood as followsthe government might intervene in the market and mandate the maximum price price
demanddemand is quantity of a good buyer who wishes to purchase at each conceivable price.the law of demand explains us that if the price of certain
goods market and factors marketgoods market is the market where goods are bought and sold for the
shortage surplus and price mechanisma shortage is the situation in which the demand exceeds supply which means producers are unable to meet the
in the view of above complications there is a long-standing debate on whether the fiscal policy should be active or passive in nature. note that in
financing of fiscal deficitsince the size of balanced budget of the multiplier is small it is not for all time possible to get the needed demand
the tax-adjusted multiplier and the balanced budget multiplier are explained belowtaxes act as drag on the multiplier effect of government
expenditures and the effects of fiscal policy are stated as followshaving finished the discussion on the tax policy and taxation now letrsquos us
types of taxes which a government can impose on the citizens are as followswith the theory of taxation covered we can now move towards the actual
the concept of taxation is explained belowtaxes are the general purpose compulsory contributions by people to the public treasury or national
fiscal policy is the program of governmentrsquos with respect to the amount and composition of i expenditure the purchase of commodities and services