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

1 briefly compare and contrast the mechanisms of planning

1. Briefly compare and contrast the mechanisms of planning and control used in a Waterfall development project and those used in iterative development projects. 2. There are several different versions of Agile developmen ...

Questionnbspshell programmingyou have created the directory

Question:  Shell Programming You have created the directory structure and some base files to be used by the Web server and Web site. For the Web site to be created in a production environment, you need to package your co ...

1monopolies can sometimes find themselves in difficult

1. Monopolies can sometimes find themselves in difficult financial situations that lead to losses. Suppose Mr. Burns' power company has a monopoly for providing electricity in Springfield. His costs of upkeep are so high ...

Answer this 2 questions1 explain domars theory of slavery

Answer this 2 questions 1. Explain Domar's theory of slavery and serfdom as it relates to population and land endowments. 2. Compare and contrast the manorial system in Western Europe with Russian Serfdom. Thr each quest ...

You are a consultant for energy company it is a utility

You are a consultant for Energy Company. It is a utility company. It is thinking about expanding its energy production by opening up a new plant. The owners are at looking at different options and have hired you to prepa ...

Why is enjoyment in the process of achievement very

Why is enjoyment in the process of achievement very important for any entrepreneur?

You are starting your own internet business you decide to

You are starting your own Internet business. You decide to form a company that will sell cookbooks online. is scheduled to launch 6 months from today. You estimate that the annual cost of this business ...

How can fiscal policy be used to combat a recession in the

How can fiscal policy be used to combat a recession in the short term? Your answer to this question should be about 500 words.

Explain the meaning of tax base and give three examples of

Explain the meaning of "tax base" and give THREE examples of the different taxbases regularly used by governments. Explain the concepts of capital and capital maintenance as defined in the International Accounting Standa ...

The bathroom section of a large department store sells

The bathroom section of a large department store sells 18,233 specialty bath towels per year. The unit purchase cost of a towel from the store's supplier is $2.40 per towel. The cost of placing an order to the supplier i ...

  • 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

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate