Macroeconomics Answers

Explain why economists do not use exchange rates to compare standards of living across countries. Also, discuss what economists do to avoid these problems

At the medium level of demand (D M), the equilibrium price will be $________ and the equilibrium quantity will be ________ units.

" With the aid of a diagram, explain how government spending in a closed economy will affect interest rate, investment, private saving, national saving "

Suppose that aggregate consumption is given by C = 100+0.5 Y, where Y is aggregate income. Graph this function. At what value does C=Y?

I need to find/create theories of vat fraud in Europe. Can you help me with that?

What if she had 5:00 to spend.

Suppose the NNPmp of a country is ₹1600cr. If the indirect tax is ₹100cr and total amount of subsidy is ₹80,find out the level of national income of the country.

In 2010 Wisconsin went from a closed shop state to a right to work state. Teachers' unions disliked the change and protested violently. Paul Krugman, a Nobel Prize winner, Princeton economic professor, wrote an article against the change and in support of the unions. He looked at a study from the federal department of education that showed that k-12 average test scores in Wisconsin were higher than in Texas, a right to work state with non-unionized teachers. Two economists from the University of Chicago which has on the top economic departments in the country, broke the same data down by race and found that Asians in Texas had higher avg test scores than in Wisconsin, Caucasians in Texas had higher average test scores than in Wisconsin, African-Americans in Texas had higher average test scores than in Wisconsin and Hispanics in Texas has higher average test scores than in Wisconsin. Both sides made correct statements. How can they be reconciled and what does it say about Krugman's argument?

What is consumption?

Hi can somebody solve this with solutions for me?

C=5000+0.4Yd
I=3000
G=8000
Net Taxes=7000
X=12000
M=10000
Yd=Y-T

Qns: Finding equlibrium level of income (Y)