(Answered) Course is macroeconomics1 explain why there is a close

Economics

Course is macroeconomics

1. Explain why there is a close relationship between supply, demand and the allocation of resources.

2. a. Explain why "circular flow" between the market for goods and services, the labor market and the money market are crucial for macro-economic equilibrium.

3. Explain why transfer payments are crucial to macro-economic equilibrium.

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M92170576
Price:- $15

Verified Expert

Priced at $30 Now at $15, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Business Economics

Suppose you do not know the population mean fee charged to

Suppose you do not know the population mean fee charged to H&R Block customers last year. Instead, suppose you take a sample of size n=40 and find a sample mean of 175. Assume that the distribution for fees is normally d ...

Some farm land is more productive than other land in the

Some farm land is more productive than other land in the sense that it can grow more food per hectare. Farmers also use fertilizer to grow food (i.e. adding fertilizer increases crop yield by 10 percent) earn more revenu ...

Please discuss your thoughts on the us governments role in

Please discuss your thoughts on the U.S. Governments role in protecting our financial markets. Do you think that the Federal Reserve and the Treasury Department should have saved the Wall Street Giants? What is your posi ...

Cnsider simple linear regressionyi beta0 beta1xi

Consider simple linear regression yi = β0 + β1xi + εi. (1) Let zi = a+ bxi and yi = γ0 + γ1zi + δi . (2) Show that the predicted values of the least-square estimators in (1) and (2) are identical for all xi and zi

A tire manufacturer believes its tires will last an average

A tire manufacturer believes its tires will last an average of 48,000 miles, with standard deviation of 2,000 miles. What is the probability that one of these tires, chosen at random, will last at least 50,000 miles?

Whats your answer about the equilibrium change from an

What's your answer about the equilibrium change from an event which decreases both demand and supply? You don't need to provide graph here. Just describe the curve shifts and how the equilibrium price and equilibrium qua ...

Would it ever be rational for a firm to retain an employee

Would it ever be rational for a firm to retain an employee whose current marginal revenue product is less than her current wage? Explain.

The offices of president vice president secretary and

The offices of? president, vice? president, secretary, and treasurer for an environmental club will be filled from a pool of 16 candidates. Nine of the candidates are members of the debate team. ?(a) What is the probabil ...

If the market for a good is operating in the inelastic

If the market for a good is operating in the inelastic range of market demand. Which of the two policy that follow is more effective when handling (technical) externalities: Cap-and-trade or emissions fee?

Compute the cross elasticity of demand and characterize the

Compute the cross elasticity of demand and characterize the goods as complements or substitutes (Please use "Arc Elasticity" to calculate) a. Regular Flu shot offered by pharmacy Boxes of Tamu Flu sold by pharmacy ...

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

Recent Questions

Ask Business Economics Expert