Economics Answers

during the revolutionery war, the american colonies could not raise enough fax revenue difference, the colonies decided to print more money. printing money to cover ecpenditures is sometimes referred to s an "inflation tax". who do you think is being "faxed" when more money is printed?why

imagine that you are a policy maker trying to decide whether to reduce the rate of inflation. to make an imtelligent decision,what would you need to know about inflation,unemployment,and the trade off between them?

Discuss each of the following statements from the stand point of equality and efficiency.
a."Everyone in society should be guaranteed the best healthcare possible."
b."When workers are laid off, they should be able to collect unemplayment benefits until they find a new job."

How the causes of a recession may differ from the causes of inflation

with the diagram how will i spot the welfare effects?

Explain the relationship between profit maximisation and labor demand

In queuing theory, if the arrivals are according to Poisson distribution with parameter
λ , the inter-arrival time is exponential with parameter e λ

with the aid of a diagram, discuss the welfare effects of such policy if the wage rate set is above the marketing clearing wage rate (assuming this is R12 per hour)

13. What circumstance would cause the PPC to shift outwards?
a. More Labor
b. Better technology
c. Specialization and Trade
d. All of the above

To get the equilibrium level of income in the simple Keynesian model 1) we multiply the autonomous aggregate spending by the multiplier 2)we add all the autonomous aggregate spending component and subtract the multiplier 3)we divide the multiplier by aggregate demand 4) we multiply interest rate by the multiplier