Macroeconomics Answers

effect of minimum wage below and above equilibrium

200 units of a product cost #800 and 400 units cost #1200. Find the fixed cost and the cost of producing 800 units.

Mention one of the instruments of monetary policy and describe how the SARB will manipulate it?

If a R200 billion increases in investment spending creates R200 billion of new income in the first round of the multiplier process and R160 billion in the second round calculate :
A. The Marginal propensity to consume (MPC)
B. The value of the expenditure multiplier in this closed economy

What were the main features of Indian agriculture on the eve of independence ?

Y*=[C0-C1T+A0/i+G]/(1-C1)
FIND THE DERIVATIVE dY*/di Assuming that a0>0

Use the AD-AS model to illustrate and explain how the authorities can use monetary and fiscal policies stimulate economic growth.

Question 1
1.1 the following information is provided:
c= 0.8
t= 0.15
m= 0.2

Calculate the value of the multiplier based on the provided information for the following economies:

1.1.1 closed economy with no government
1.1.2 closed economy with government and tax
1.1 .3 open economy with a government, tax and induced imports.

If MPS is 0.25 then the MPC must be

What is fiat money? Why is fiat money important in The Bahamas today?