Macroeconomics Answers

Draw a supply and demand graph. Show the effects of a forest fire on the market for lumber. Suppose the government then mandates a price ceiling at the original price, what will happen to the quantities of this good in the market?

For this part, assume that nothing changed with respect to the population, i.e., those who were working kept their jobs and those who were looking for jobs kept looking for jobs. Choose between (increase/decrease/not change) A) A baby is born. i) Unemployment Rate will _

Construct a Laspeyres Price Index (show working) for 2018, 2019 and 2020 from the following sales data, using 2018 as the base year. YEAR Commodity 2018 2019 2020 Quantity Price Quantity Price Quantity Price Cassava 15 20 16 40 45 Maize 20 80 22 82 24 90 Cocoa 10 60 20 75 30 70

Cd=360-200r+0.1Y
I'd=120-400r
G=120 find an equation for desired national saving ,Sd in term of output Y and the reason . what value of the real interest rate clear the goods market Y=550 and when Y=650 ? Use the goods market equilibrium condition to derive the IS curve graph

2) Discuss the reason Why the aggregate demand curve will thus slope downwards

3) Cd=200+0.5Y-500r
I'd= 200-500r
L=0.5Y-250(r+à ƒ ƒ ƒ  €)
à ƒ ƒ ƒ  €=0
G=150
M=4900
Y=100
Derive the equilibrium levels of the real interest rates r, desired consumption Cp,desired investment Io ,and the price level p, L is money demand equation and M is money supply equation

2. What is a Macroeconomic Policy Instrument? Describe four macroeconomic policies of the Ghanaian economy.

3. Distinguish carefully between Marginal Propensity to Consume and Marginal
propensity to Save.

Question #93290
Suppose that the public taste changes in such a way that leisure comes to more desirable than commodities How do you expect such a change to affect output, employment and real wages in the classical model?