Macroeconomics Answers

Explain in details the OMO process and its implications for the cash rate interest rate inflation and GDP draw buy hand effect of the OMO process using the MD MS diagram

explain in detail how money multipliers work

Describe the. Various key roles of the reserve bank of Australia as specified on the website

Matthew lost his job as a real estate agent due to the business going under after the GFC forced the world economy into recession. Is Matthew frictionally un employed, structurally unemployed or cyclically unemployed? Explain your answer!

Describe the components of the working age population

3.6 You are given the following information about the demand for fresh tomatoes.
Price per kg Quantity demanded (kg)
R30 1 000
R32 850
Using the midpoint method calculate the price elasticity of demand (using 2 decimal
places) for the R30 to R32 price range. The price elasticity of demand for tomatoes is
[1] 0,26
[2] 1,00
[3] 2,25
[4] 2,51

In microeconomics, we expect the supply curve for the firm to slope upward to the right when drawn against price. The classical aggregate supply curve for the firm to slope upward to the right when drawn against price. The classical aggregate supply curve is based on this microeconomic theory of the firm but is vertical. Why ?

Suppose that, due for example to reconstruction after a war, the capital stock of a nation increases. Illustrate the effect that the increase in the capital stock would have on output, employment and the real wage in the classical model

Explain the concept of an aggregate production function. How would you expect the production function to be affected by an increase in the average and marginal productivity of labor for a given output level, owing, for example, to increased education of the labor force? How would such a shift in the production function affect the levels of output and employment in the classical model ?

Discuss the economic and social costs of unemployment in your country