Macroeconomics Answers

Provide a discussion in favour of fixed exchange rate regime and floating exchange rate regime

In what specific way does Becker's model of time allocation differ from the simple-work leisure choice model?

How would education affect the probability that someone chooses not to participate in the labour force?

Which of the following statement(s) is/are correct?

a) In South Africa, money is created exclusively by the South African Reserve Bank.

b) The stock of money consists largely of bank deposits and banks create these deposits by making loans.

c) Money creation by banks is constrained by the demand for bank loans.

d) The South African Reserve Bank uses changes in interest rates as an attempt to regulate the rate at which new money is created.

e) The stock (quantity) of money in the economy is essentially determined by the interaction of the interest rate and the independent supply of money.

Analysis the methods of computing and explaining how much is produced in an economy

⦁ How much of the$100 Million will banks choose to lend out initially? 

⦁ How much of the$100 Million will banks choose to lend out initially? 

Define the concept of scarcity. Explain the significance of this concept in relation to the

concept of opportunity cost. Is opportunity cost and sacrifice the same thing? Would you

say that a sacrifice represents the cost of a particular decision?

Differentiate between seasonal unemployment and frictional unemployment and provide relevant example of each