Macroeconomics Answers

Explanation of Graph showing decrease in a population and increase of fertilizers

What are subsidiary targets

Using shifts in supply and demand curves, describe a change in the industry in which your firm operates.

The change may arise from a change in costs, entry/exit of firms, a change in consumer tastes, a change in the Macroeconomy, a change in interest rates, or a change in exchange rates.

Label the axes, and state the geographic, product, and time dimensions of the demand and supply curves you are drawing.

Explain what happened to industry price and quantity by making specific references to the demand and supply curves.

If more than one change occurred, then decompose the change into smaller pieces so that your explanation has a step-by-step character to it.

(Hint and warning: Demand and supply curves are used at the industry level, not at the firm level.) Describe how your company could profitably use the analysis.  

Discusses clearly macroeconomic equilibrium condition by using an appropriate graphs and both aggregate demand & aggregate supply equation.

Will inflation Peter out

1. why firms may offer a higher wage to workers than the equilibrium wage rate.

Explain and analyse the economic situation of Togo since 2000 till 2020

The first principle of economics discussed in Chapter 1 of Mankiws book is that people face trade-offs. Use a production possibilities frontier to illustrate societys trade-off between two goodsa clean environment and the quantity of industrial output. What do you suppose determines the shape and position of the frontier? Show what happens to the frontier if engineers develop a new way of producing electricity that emits fewer pollutants.

Imagine a society that produces military goods and consumer goods, which well call guns and butter. a. Draw a production possibilities frontier for guns and butter. Using the concept of opportunity cost, explain why it most likely has a bowed-out shape. b. Show a point that is impossible for the economy to achieve. Show a point that is feasible but inefficient. c. Imagine that the society has two political parties, called the Hawks (who want a strong military) and the Doves (who want a smaller military). Show a point on your production possibilities frontier that the Hawks might choose and a point that the Doves might choose. d. Imagine that an aggressive neighboring country reduces the size of its military. As a result, both the Hawks and the Doves reduce their desired production of guns by the same amount. Which party would get the bigger peace dividend, measured by the increase in butter production? Explain

Draw a circular-flow diagram. Identify the parts of the model that correspond to the flow of goods and services and the flow of dollars for each of the following activities. a. Selena pays a storekeeper $1 for a quart of milk. b. Stuart earns $8 per hour working at a fast-food restaurant. c. Shanna spends $40 to get a haircut. d. Salma earns $20,000 from her 10 percent ownership of Acme Industrial.