Macroeconomics Answers

Given a hypothetical consumption function of the form:
Y = C + I0 + G0
C = α + β
Where: = Y – T
Y = Income
T = Taxes
Compute the equilibrium level of income and consumption

given model specification for a closed economy with an economically active government, express the model in a differential matrix and solve for the national equilibrium

Hi there. Is it possible to answer some questions relative to the Macroeconomics book by Montiel?

Suppose that Harley Davidson builds a motorcycle in the US using $6,000 in parts that were manufactured in Canada. If a consumer in China buys it, how does the motorcycle affect GPD in the US, Canada, and China?

1. discuss the types of unemployment
2. Explain the term unemployment and describe how it is measured
3. discuss the economic and social costs of unemployment
4. explain how changes in exchange rates can influence exports and imports
5. discuss any 5 arguments for and against the use of trade barriers by government

Is Value added tax Considerd as a Proportional tax or as a regressive tax

Beyond industrial protection, are tariff walls a form of tax shifting because the Government gets the revenue from the tariff, but the consumer pays it in higher prices?

the price of a product increases by 20%, leading to the quantity demanded decreasing by 60%. . what is price elasticity of demand for this product?

explain with the aid diagram of a properly labelled diagram,the marginal revenue curve facing a perfectly competitive firm

To what extent do leaders or policy agents define economic interests in terms of ideas?