Macroeconomics Answers

Draw a diagram to show the long run average total cost of a firm. explain the relationship between output level and LRATC in different phases of expansion of the firm

''What is meant by the “natural rate of unemployment”? Using diagrams show what happens to the natural rate of unemployment if there is an increase in firms’ price mark up. What is the effect on the supply function?''
in the question above I'm confused about what is meant by ''What is the effect on the supply function'' i tried to solve it assuming that supply function is the aggregate supply. Markup increases then wage decrease so AS shifts right because workers are willing to accept any salary. Is my answer right?

for the inverse demand function curve P=60-0.5Q. find the elasticity at p=10

true or false
CPI is known for including the introduction of new and improved products

The roles of human capital, physical capital and technological change in economic growth?

How open market sales and purchases may be used to close recessionary and inflationary gaps?

A prime example of the negatives effectives of "Path Dependency" is the QWERTY keyboard layout, which persists in usage despite there being far more efficient ways to organize a keyboard. Path Dependency can also be used to maintain a sustainable competitive advantage. Identify a firm and product, other than Apple, that has used path dependency to its advantage and discuss how this was accomplished.

Use Microsoft as the company.

If the investment accelerator from an increase in government purchases is larger than the crowding-out effect, then

a.
the multiplier is probably equal to one.

b.
the multiplier is probably less than one.

c.
the multiplier is probably zero.

d.
the multiplier is probably greater than one.

The interest-rate effect

a.
is the least important reason, in the case of the United States, for the downward slope of the aggregate-demand curve.

b.
depends on the idea that decreases in interest rates increase the quantity of goods and services demanded.

c.
is responsible for the downward slope of the money-demand curve.

d.
depends on the idea that decreases in interest rates decrease the quantity of goods and services demanded.

1. The amount of consumption in an economy depends:
A. Inversely on the level of disposable income
B. Directly on the level of disposable income
C. Inversely on the level of saving
D. Directly on the rate of interest