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Suppose that the economy starts at the natural level of output and that due to reforms in job protection laws in favor of workers, the AS shifts from its original position. a. What is the short-run effect on output and prices? b. What happens to output and prices over time (i.e. in the medium run)?
in reference to the Harrod- Domar growth model explain the key drivers of economic development
given Y=C+I+G+X
C=100+0.9Yd I=200-500r M=0.8Y-2000r X=100-0.2Y-500r G=200 T=0.2 L=800
Compute the values of C,L,X and M
Calculate the monetary and fiscal policy multipliers and interpret them
use a four quadrant diagram to discuss the effects of the following on output and interest rate (a) decrease in government expenditure (b) an increase in tax rate
Q1.
a) suppose the supply function in a market is QS = P2 and the current market price is P*= 4 .What is the producer surplus?
b) demand function is given by Qd (P)= 10 - P0.5
i. find the interval of prices for which demand is positive
ii. express total revenue TR= PQ as a function of price . when total revenue is maximized.
iii. for which price is the own-price elasticity is equal to -1?
Why might we prefer to use cyclically adjusted surplus and structural surplus terms for full-employment budget surplus
if a 10% increase in income causes a 20% increase in the quantity demanded for a good or services .it can be concluded that
1.Items that are treated in the factor market
2.the is different between gross capital formation and fixed capital formation
3.what does economic marginalization mean
What does production mean
