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Assuming a fall in the price of oil, use the AD-AS framework to explain the impact on prices employment and income.
Task №6
If the monthly inflation rate is constant at 2%, then the annual inflation rate is:
a) 24%
b) 2%
c) 26.82%
d) 27.42%
Which of the following is a factor of intensive economic growth:
a) Discovering of new deposits of iron ore;
b) development of virgin lands;
c) an increase in the proportion of the population with higher education;
d) growth in the employed population due to migration from neighboring countries?
What is a lighthouse characterized by?
a. high degree of excludability and, to some extent, low degree of rivalry;
b. low degree of excludability and high degree of rivalry;
c. high degree of excludability and, to some extent, high degree of rivalry;
d. low degree of excludability and low degree of rivalry
The monopoly market is characterized by:
a. small size of producers relative to market;
b. a large number of producers;
c. the existence of market entry barriers;
d. differentiated product.
An decrease in the market price with a constant quantity of good that are produced can be caused by:
a. decrease in supply of a good;
b. decrease in demand for a good;
c. a simultaneous increase in demand and decrease in supply;
d. a simultaneous decrease in demand and increase in supply.
Define economic growth

Which one of the following is most likely to increase the demand for US dollars on the South African foreign exchange market?

A. a recession in South africa

B. a rise in the interest rates in the US

C. an increase in the number of SA tourists visiting the US

D. a decrease in the gold price


During a high-level conference in Paris,France,an economist,Jagaban,confidently
remarked,“Countries with low population growth rates,like Italy and Japan,have
higher income per person than those with high growthrates such as Zambia and
Jordan.”Use the Solow growth model to explain his claim.
assume that your a family firm how can u utilize the limited resources to full fill your needs
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