Macroeconomics Answers

what is Bond Yields

Suppose that a system of unemployment compensation is established. Each month,
30 new people (not including the 20 that employers have chosen not to employ) continue to become unemployed, but each monthly group of newly unemployed now takes two months to find a job. After this change, what is the frictional unemployment rate?

George's household can produce Nachos and Burgers as described by the following PPF:

5N + 7B = 50

The price of Nachos is 300. Solve for the price of Burgers (round to the nearest integer).

George's household can produce Nachos and Burgers as described by the following PPF:

5N + 7B = 50

The price of Nachos is 300. Solve for the price of Burgers (round to the nearest integer).

If technological change increases structural unemployment, why do most governments and economists encourage such change?

the economy of new land is in short-run macroeconomic equilibrium the current real output is 400 billion in the full employment output is 500 billion the marginal propensity to consume is 0.8 is the economy experiencing a recessionary output Gap or an inflationary output explained

Which of the following statements are correct?
1 If spending equals to production and income, there is no tendency for production and income to change.
2 If spending is greater than production and income, the level of production and income will decrease.
3 If spending is greater than production and income, the level of production and income will increase
4 If spending less than production and income, the level of production and income will decrease
Spending may be equal to income but smaller than production.

Marula Enterprises has developed a new local brew called Stiff Neck. The market demand for this product is given as follows: Q=240-4p. If Stiff Neck is priced at R40, what is the point elasticity of demand?

The number of apples and beef two countries produce on average in a month.
Country 1 : Apples 1600kg Beef 64kg
Country 2: Apples 9000kg Beef 300kg
A Which country has an absolute advantage in producing apples?
1 neither country 1 nor country 2
2 both country 1 and country 2
3 country 1
4 country 2

B Which country has a comparative advantage in producing beef?
1 country 2
2 country 1
3 neither country 1 nor country 2
4 both country 1 and country 2

2. The economy of Newland is in short-run macroeconomic equilibrium. The current real output is $400 billion, and the full employment output is $500 billion. The marginal propensity to consume is 0.8.

(c) Which fiscal policy action, changing government spending or changing taxes, is more effective in closing the output gap? Explain.

(d) Assume instead Newland’s government decides not to take any policy action. Will short-run aggregate supply increase, decrease, or stay the same in the long run? Explain.