Macroeconomics Answers

with the aid of a diagram, discuss the welfare effect of this new legislation if the new minimum wage is (1) below the equilibrium wage and (2) above the equilibrium wage rate with labor hours as your quantity variable

In the simple Keynesian model,which of the following is incorrect about investing?1As income increases,investment also increase 2There is a negative relationship between investment and interest rate 3.investment is autonomous and is illustrated by a horizontal line 4.investment is not effected by the level of income Bwhich of the following is incorrect about imports in the Keynesian model?1They not always taken as independent of the level of income 2.increase when the level of income increases 3.decrease when the level of income increases 4.they may be greater than exports

Graphically show how (a) Expansionary Fiscal Policy eliminates recessionary gap and, (b) Contractionary Fiscal Policy eliminates inflationary gap.

A hypothetical society has three income earners, and all three must pay income taxes. The taxable income of Smith is $40,000, the taxable income of Jones is $100,000, and the taxable income of Brown is $200,000.
a. How much tax revenue is raised under a proportional income tax when the tax rate is 10 percent? How much is raised if the tax rate is 15%?
b. A progressive tax system is installed with a rate of 5 % on an income of $0–$40,000, a rate of 8 % on income over $40,000 and under $100,000, and a rate of 15% on all income over $100,000. Will this system raise more or less tax revenue than a proportional tax rate of 10 %?

Which of the following statements are correct?
a. When income earned by an entity is more than its expenditure, the entity makes a profit
b. When the income earned by an entity is less than its expenditure, the entity makes a profit
c.The profit that an entity makes, increases the net worth of the owner
d.The loss that an entity makes, decreases the net of the owner
e.The statement of financial position measures the financial performance of an entity

1.a,b,c,d and e
2.a,b,c and e
3.a,c,d and e
4 a,b,c and d
5 a,c and d

May someone please help me out with this
EQUATION 9.2:
C = 400 + 0.6Yd
Taxes = 600
Equilibrium Output = $4,000
39) Refer to Equation 9.2. At equilibrium, the sum of investment and government purchases in Peru is
40) Refer to Equation 9.2. At equilibrium, government purchases in Peru is
41) Refer to Equation 9.2. At equilibrium, saving in Peru equals
42) Refer to Equation 9.2. At equilibrium, leakages in Peru equal

A.According to the Keynesian model the factors that influence a household's induced consumption are the marginal propensity to consume and......1.its disposable income 2.its total wealth 3.The number of persons in the household 4.its net wealth B.An increase in government spending in the Keynesian model leads to....1 demand that is greater than supply 2demand that is lesser than supply 3demand that equals supply 4decrease in production

he purpose of this assignment is to depict how your own consumption (and savings) behavior might be affected if your own income were to change. View a comparison to your classmates’ data to identify if a pattern occurs. For this assignment, we have the data collected from 8 students who completed the Consumption table that you completed in Week 01. Using the table provided of the consumption and savings data from 8 students last week, complete the table. Then, answer the following questions in addition to submitting the completed table calculations. After comparing your data to that of your classmates, determine if consumption and saving behavior change with economic circumstances, other than income? Provide examples. How can consumption become part of an aggregate expenditure function? Create a graph of the aggregate demand curve, plotting average consumption (C) and average savings (s).

Using the axis Depict the marginal revenue and marginal cost curve with the conclusion that the optimal short run output is q = 1000

What could be expected should government plan to apply an expansionary fiscal policy?