Macroeconomics Answers

Explain each different types of unemployment.

1. Explain each different types of unemployment.

2. What are the effects of minimum wage on labor market (both labor demand and labor supply)?

3. Explain the relationship between inflation and unemployment through the Phillips Curve.

We can expect that the amount of money that a bank creates will decrease when…

a.

the South African Reserve Bank increases the repo rate.

b.

more bank clients choose to deposit their funds at the bank.

c.

the bank borrows from the South African Reserve Bank.

d.

the bank's clients choose to hold a smaller part of their money in the form of cash.

One way of aiding low-income families is to increase the minimum wage. An alternative is to provide a direct grant of non-labor income. Compare the impact of these two options on work incentives.

identify one personal and one social consequence of unemployment in your country or society. What roles, do you believe the government should play to reduce negative consequences? 

Why did the classical economists fail to explain the Great Depression? What is the Keynesian explanation for the same? Answer it in about 250 words.

What are the most well-known causes of imbalances in the balance of

payments (BoP) of a country?

The maize grown in Mphumalanga is used primarily to feed livestock. Suppose that the current "foot and mouth disease" scare were to lead to a significant drop in the size of cattle herds nationwide. What impact would you expect in the market for maize?

Provide a brief explanation on how the South African economic growth had been performing

since 2000. Further, what conclusions can be drawn from fuel tax increase effects on the

economic growth and public social welfare.

Does temporal relief on fuel tax suggested by the Finance Minister have a positive

impact on the economic growth