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What are the functions of money
a. If (inflation expectation t) = (inflation t-1), from the expectations-augmented Phillips curve it follows that, to bring the
unemployment rate below its natural level, policymakers must be willing to tolerate an
increase in the rate of inflation.
b. The smaller the fraction of wages indexed to the inflation rate, the larger the increase in
inflation associated with any given decrease in the rate of unemployment.
unemployment rate below its natural level, policymakers must be willing to tolerate an
increase in the rate of inflation.
b. The smaller the fraction of wages indexed to the inflation rate, the larger the increase in
inflation associated with any given decrease in the rate of unemployment.
Economics
Two firms dominate the cinema industry in South Africa: Ster‐Kinekor and Nu Metro. Although
these firms essentially offer a homogeneous product, each firm attempts to differentiate itself in the eyes of customers.
Q.2.1 Identify the type of market/industry structure that is applicable to the cinema
industry in South Africa. Justify your answer by referring to the main characteristics
of this market structure.
Q.2.2 Explain the concept of non‐price competition in the context of the cinema industry
using examples to illustrate your answer.
Q.2.3 Government may prevent possible abuse of market power by these firms within the
industry. How would the government achieve this?
these firms essentially offer a homogeneous product, each firm attempts to differentiate itself in the eyes of customers.
Q.2.1 Identify the type of market/industry structure that is applicable to the cinema
industry in South Africa. Justify your answer by referring to the main characteristics
of this market structure.
Q.2.2 Explain the concept of non‐price competition in the context of the cinema industry
using examples to illustrate your answer.
Q.2.3 Government may prevent possible abuse of market power by these firms within the
industry. How would the government achieve this?
Suppose that, within the Neoclassical - Keynesian Synthesis Model, the economy is initially
suffering from unemployment. The government knows that in the long-run the economy will reach
full employment level through its own dynamics.
However the government would not like to wait for a long time for this adjustment process to
complete itself and wants to make this process shorter.
Yet the government would also like keep the price level and the rate of interest at their present level.
Could the government achieve these three goals? Why or why not? Explain clearly.
suffering from unemployment. The government knows that in the long-run the economy will reach
full employment level through its own dynamics.
However the government would not like to wait for a long time for this adjustment process to
complete itself and wants to make this process shorter.
Yet the government would also like keep the price level and the rate of interest at their present level.
Could the government achieve these three goals? Why or why not? Explain clearly.
If Maria’s utility function is U = A Xayb what is his marginal utility functions for X and Y? Find the MRS between x and y.
What is the full cost (direct cost +opportunity) of pursuing BBA from IMSciences? Impose appropriate assumptions if exact value(s) of item(s) is/are not available.
suppose that consumers in turkey become more pessimistic about the health of thr turkish economy due to the bad news from europe and they started to expect a decline in their future income using AD-AS model what will happen to the output and price level in the short run? does the economy enter to a burst or boom period.
Discuss five characteristics of rural community
impact of increase in price level on value of assets,price of imported foreign goods,price of substitute goods and expectation of future prices?
Let a doctor earns $20 per hour, a plumber $ 5 per hour, and a professor $ 10 per hour. Everything else the same, which one will devote more hours to negotiating the price of a new car? Explain
