Search
Which of the following is not true of the Keynesian model?
Select one:
A. The wage bargain is struck in terms of money wages.
B. An increase in the expected price level would cause labour supply to decline.
C. Imperfect information about prices explains fluctuations in output and employment.
D. Price expectations are essentially forward-looking.
E. An increase in the money wage for a given value of the expected price level would increase labour supply.
Which of the following statement is not true?
Select one:
A. If money demand is completely interest insensitive, the LM curve is vertical.
B. An increase in money demand for speculation shifts the LM schedule to the left.
C. In the liquidity trap situation, increments to wealth would be held in the form of money.
D. Keynes assumes that investors have a relatively fixed conception of the critical interest. rates
E. A shift in the money demand function is also known as a shift in liquidity preference.
Properties of individual demand
What causes the demand curve to shift
what causes the money demand curve to shift rightward
Can the approaches used by other countries to deal with the increasing public sector wage bill be used in South Africa
In no more than 250 words, explain the impact of COVID19 crisis on the economy of New Zealand. Discuss specifically its impact on GDP, trade, inflation, employment and business activity. Supplement with the relevant national statistics, where possible.
You are given the following data. Calculate GNP and GDP at factor cost.
GNPMP 600
Indirect Taxes 50
Subsidies 30
NFIA 100
Depreciation 50
Transfer payments 15
Retained Earnings of Companies 25
Personal Taxes 15
Personal Savings 80
Q.2 The following equations describe an economy:
C= 10 + 0.5 Y (Consumption function)
I = 190-20i (Investment function)
Derive the equations for IS curve and represent it graphically for i=2 and i=5
Eurostat projects significant increases of the old-age dependency ratio in the EU for the
years to come.
What are likely implications for EU potential output and government budgets?
Can migration into the EU help to cushion the effect; under what conditions?
A country is exhibiting persistent trade surpluses (exports > imports). At the same time,
the economy´s interest income received from abroad exceeds the interest paid to the
rest of the world. How is the country´s net financial investment position evolving?
