Ask Question, Ask an Expert


Ask Macroeconomics Expert

1) Consider a macro economy that is initially at equilibrium level of real GDP. By using an aggregate demand and supply diagram or model of the economy, graphically exemplify and discuss the short-run and long-run effects of the given events on the economy:

a) A political election campaign is held
b) There is a raise in expenditure on infrastructure.
c) The raise in international economic turbulence.
d) The depreciation in foreign exchange rate value of the economy’s currency.
e) A fall of business confidence within the economy
f) The country’s main exports increase in price whereas the goods the country imports fall in price that is,  it’s terms of trade improves in the country’ favor. (3 marks)

2) Collect the article from an Australian newspaper which relates to the current Australian macro economy. In a paragraph point out which section of the course it applies to, why you chose the article and give a brief summary of what the article is really about? (1 mark)

3) Many people find out the current unemployment figures for Australia at 5.5% unbelievable. Why is this? Why may the official statistics be imprecise? (1 mark)

4) By using the simple Keynesian model to evaluate the implications for equilibrium GDP and the level of savings of an augment in the savings function. What finally happens to the level of savings? What would occur to equilibrium income if there is a sustained increase in private investment spending? (2 Marks)

5) Describe the difference between:

a) Economic contraction and economic expansion.
b) Between appreciation and depreciation.
c) Between the balance of payments deficit and the budget deficit.
d) Between the bond rate and interest rate.   (2 marks)

6) When is monetary policy most efficient? And when is the fiscal policy most efficient? (2 marks)

7) Differentiate between ongoing demand pull and ongoing cost push inflation. Cautiously draw them. Why might it be hard to establish the extent to which a specified rate of inflation is either demand pull or cost push? (2 marks)

8) Australian economy has gone about 22 years devoid of a recession meaning a whole generation has grown up never experiencing the recession. What are the macroeconomic dangers now facing Australia? When commentators propose that the Australian economy is a two-speed economy what specifically are they are referring to?  (2 marks)

9) Why do economists study the economic indicators? What are some illustrations of leading indicators? (2 marks)

10) The Australian dollar has fallen by 12 US cents in last few months. What are the macroeconomic effects of this currency movement? (3 marks)

Macroeconomics, Economics

  • Category:- Macroeconomics
  • Reference No.:- M96

Have any Question? 

Related Questions in Macroeconomics

Suppose the european union eu is investigating a proposed

Suppose the European Union (EU) is investigating a proposed merger between two of the largest distillers of premium Scotch liquor. Based on some economists' definition of the relevant market, the two firms proposing to m ...

Compare and contrast the different stages of the business

Compare and contrast the different stages of the business cycle and how inflation and unemployment vary via these different stages. Then discuss the appropriate fiscal and monetary policies to address inflation and unemp ...

Economists have long argued that due to moral hazard

Economists have long argued that, due to moral hazard problems, that "bailing out" firms such as banks (the S&L crisis), brokerage firms (Bear Stearns, Drexal Burnham...) and nations (Perhaps Greece in the future and the ...

Suppose nominal gdp in 2012 was 100 billion and in 2014 it

Suppose nominal GDP in 2012 was $100 billion and in 2014 it was $220 billion. The general price index in 2012 was 100, and in 2014 it was 140. Between 2012 and 2014, the real GDP rose by what percent?

Suppose ralph and ed have the only store that sells toilet

Suppose Ralph and Ed have the only store that sells toilet bowls in northern Maine. Their nearest competitor is 211 miles away, and these two men have a reputation for producing high-quality toilet bowls. Graphically ill ...

Part 1 - problems and calculations1 you are given the

Part 1 - Problems and calculations 1. You are given the following information for a good. Demand: Qd = 280 - 70P Supply: Qs = -40 + 30P A) What is the equilibrium price of this good? B) What is the price elasticity of de ...

The scottish milk industry is perfectly competitive and is

The Scottish milk industry is perfectly competitive, and is initially in long-run equilibrium, with 1000 dairy farmers each producing 1000 liters of milk per day, so 1 million liters per day in total. Draw a diagram show ...

Macroeconomic assignmentsubmit answers to all the following

Macroeconomic Assignment Submit answers to all the following questions. Be sure to explain your reasoning clearly and fully and use diagrams where appropriate. The questions are applied and analytical. They can only be a ...

A describe 2 positive feedback systems and 2 negative

a.) Describe 2 positive feedback systems and 2 negative feedback systems for global climate change. b.) If all of the ice in the Arctic Ocean were to melt, how high would global sea-level rise? If all the ice in Greenlan ...

1 describe the characteristics of a monopolistically

1) Describe the characteristics of a monopolistically competition industry. Describe why monopolistic- ally competition firms find it important to establish brand loyalty for their product and service? How do try to crea ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro