Macroeconomics Answers

Explain the kinked demand curve theory of an oligopoly. Include in your answer a discussion of a contemporary oligopoly.

Explain the type of pricing strategy that you as the manager of a company would implement for Good X and Good Y with the following price elasticity of demand co efficients. Use diagrams to motivate your answer.
a). Good X: 2.3 (10)
b). Good Y: 0.6 (10)

A South African importer buys auto parts from a German manufacturer, and is invoiced for €5 000.00. Calculate the cost in rands if the exchange rate is R10.43 to 1€?

justify the relevant criteria the government statistician use to determine weather a person is umemployed?

Explain, both in terms of methods and of examples, how public spending efficiency can be
assessed. ?
What are the major advantages and disadvantages of using discretionary fiscal policies? How
can you measure the impact of policy measures on the fiscal balance?
The confront between the idea of the Fiscal Theory of the Price Level with the orthodox
view of the determination of the pricel level?
When can Ponzi games work.?
The hypothesis of expansionary fiscal consolidations.

Brief statement of why a proposed company should be established in a country, take into consideration preference, demand, consumer surplus, market demand and changing trends of the economy.