Macroeconomics Answers

Is economic nationalism justified? Is the Smoot-Hawley plan better or worse than “Buy American”? “Buy Spanish”? Or “British jobs for British workers”? Explain fully. Which viewpoint do you support, and why? Use the Internet to learn more about this issue and come up with your own argument.

if income increases from R1500 to R2000 and the marginal propensity to consume is 0.8, the new level of consumption will be?

(a) R3500.

(b) R400.

(c) R1400.

(d) R500.

(e) Not enough information has been provided. 

If income increases from R1500 to R2000 and the marginal propensity to consume is 0.8, the new level of consumption will be?

(a) R3500.

(b) R400.

(c) R1400.

(d) R500.

(e) Not enough information has been provided. 

a)Discuss the major causes of inflation in reference to your country b)As a student of Macroeconomics, provide possible solutions to the above in your country

A consumer has set of budget of $800 for the consumption of good X a d Y. The price of Good X is $10 and the price of good Y is $40.The consumer has a utility function given by U (X,Y)

= X(0.80)Y(0.20).Find the optimal soloution using a methof that does not involves equations and illustrate the soloution?

The supply-side effect of fiscal policy shows that an increase in the marginal tax rate on labor income will do the following:

A. Decrease in potential GDP

B. Increases potential GDP because people work more as they have less disposable income

C. Increase the incentive to work

D. Increases the equilibrium quantity of labor as firms demand more workers at the lower wage

what is oligopoly

Please explain in three well-structured paragraphs the impact of a change in the savings rate on the output.