Economics Answers

C=100+1/2 y^d

I=50-25r

G=100=T

Find equilibrium output assuming interest rate is 15%.

Find IS curve equation and show graphically

Find slope of IS curve.

Government has decided to use expansionary fiscal policy by increasing government spending and tax to 150?

Md=25y-80r,Ms=2400, p=2

a)       Find equilibrium output equation. And Y* when r=12%

b)     Find LM curve equation

c)      Find slope of LM curve.

d)     MS increased to 3000

3. Find equilibrium r

4. Find equilibrium y

The cost of sunflower seeds has increased. Sunflower seeds are an input when sunflowers are produced. Explain verbally how this change will affect the market for sunflowers.

The population in country C decreases, due to a lower birth rate. At the same time, there is an increase in the cost of fertilizer, which is used to grow vegetables. Explain how the market for vegetables will be affected by these changes. Clearly indicate how the equilibrium price and equilibrium quantity will be affected by these changes. Make use of a combination of diagrams and verbal explanation to explain your answer.

The cost of sunflower seeds has increased. Sunflower seeds are an input when sunflowers are produced. Explain verbally how this change will affect the market for sunflowers

Due to substantial increases in prices in Country A, the real income level of the population in Country A decreases. Show on a diagram how the decrease in the income level in Country A will affect the demand for meat, which is a normal good. Also indicate how the equilibrium price and equilibrium quantity of meat will change in Country A.

How did the kuznets consumption function criticise the Keynesian consumption function?

In the simplest possible Keynesian macroeconomic model …

a. government is important in distributing social grants.

b. households consume products sold in the goods market.

c. the labour market plays an important role.

d. social grants help people have income to spend on consumption goods like taxi rides.

e. wages are flexible.

The voluntary compliance of businesses with practices that are sustainable is known as ___________________.

After an alien invasion, Earth has to resort to the extreme protection of its resources in order to survive. A global government is elected with the mandate to control all the resources, which remain to humanity. The global government serves as a centrally directed economic system and has assumed complete responsibility for producing and distributing products and services. Which one of the following best describes the main economic system used in this new world order?