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Collect data on National Saving of Ethiopia from 1991 to 2020 for the last 30 years and depict them via graph and compare it with average saving rate for Sub-Saharan Africa. Discuss the major macro policy issues that determines national saving in developing countries and their effects on saving (10 marks)
After worst recession in Malaysia's history, strong economic recovery expected in 2021, Fitch's research unit predicts. Malaysia's real GDP in the second quarter of 2020 or from April to June as compared to the year before due to movement control MCO measures, which the unit describe as the worst contraction in Malaysia history. It also said -4.5 per cent outlook for Malaysia real GDP is due to forecasted weaker domestic and external demand in the second half of 2020 in line with expected continue restriction on travel and movement.
a)Based on above statement, do you agree or disagree the contraction fiscal policy helps to encounter the recession and recover the Malaysia economic in the second half of this year?
Discuss the conditions under which Monetary Policy and Fiscal Policy multipliers
are zero
Discuss the conditions under which Monetary Policy and Fiscal Policy multipliers
are zero
how money supply is related to inflation
The text notes that changes in oil prices can affect the inflation unemployment outcome. Explain what effect changes in oil prices may have on these two variables.
5. The introduction to this chapter suggests that unemployment fell, and inflation generally fell, through most of the 1990s. What phase (Phillips, stagflation, or recovery) does this represent? Relative to U.S. experience from the 1960s until the 1990s, what was unusual about this?
6. Suppose that declining resource supplies reduce potential output in each period by 4%. What kind of monetary policy would be needed to maintain a zero rate of inflation at full employment?
If technological change increases structural unemployment, why do most governments and economists encourage such change?
- Definition of technological change
- Definition of structural unemployment
- Impact of technological change on employment
- Impact of technological change on future production
- Impact of technological change on the economy
- How does an economy recover from structural unemployment?
- What government actions help to facilitate this recovery?
Assume that in small open economy where full employement always prevails national saving is 300. If domestic investiment is I =400-20r
a, what is real interest rate be if the economy is closed
b, if the economy is open and the world interest rate is 10 percent what will investiment?
Suppose that the firm operates in a perfectly competitive market. The market price of its product is $10. The firm estimates its cost of production with the following cost function: TC= -4Q2+Q3 + 10Q + 2
A) What level of output should the firm produce to maximize its profit?
B) Determine the level of profit at equilibrium.
C) What minimum price is required by the firm to stay in the market?
Why does government impose price celling and price floor an certain commodity who are the beneficiaries of both
