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(8 marks)
-Suppose the Bank Negara Malaysia change the quantity of money in the economy. How does this change affect the interest rate in the long run?
(8 marks)
-Due to recent spike in numbers of accidents involving workers’ health and safety in the construction industry particularly under company ABC, a union is established in the construction industry, graphically illustrate how the establishment of the union on construction industry will lead to unemployment.
-Assume that company ABC is an advocate of efficiency wage theory. What does efficiency wage theory suggest and how does it affect the unemployment level?
During the past year, consumption expenditures increased by $13.5 billion, gross investment increased by $5.8 billion, and government purchases declined by $10.4 billion. In addition, the country experienced a trade deficit of $2.9 billion did the country's GDP increase or decrease and by how much?
i) Calculate the monopolist’s equilibrium price and quantity’
ii) Suppose the monopolist behaves competitively, how would the answers in (i) above change?
iii) A monopolist is known to cause inefficiency, find the value of the deadweight loss due to the monopoly
#339914 on Dec 2023