Ask Question, Ask an Expert


Ask Macroeconomics Expert

Answer all the problems. Section A to be answered in about 500 words each and Section B to be answered in about 300 words each.

Section A:

problem 1: Describe the concept of steady state growth in the Solow model with suitable diagram. Show that the golden rule of Phelps is not a steady state.

problem 2: Differentiate between adaptive expectations and rational expectations. Describe why the shape of the Phillips curve changes when we introduce expectations in our analysis.

Section B:

problem 3: Policy rules are better than discretionary policies. Validate the statement above in light of new classical macroeconomics.

problem 4: Describe in short the salient features or characteristics of political business cycle theory.

problem 5: Bring out the factors which lead to the rigidity in salaries and prices.

problem 6: Describe with suitable diagrams why an economy with fixed exchange rate can’t follow an independent monetary policy.

problem 7: prepare brief notes on the given below:

a)  Inter-temporal utility maximization. 
b)  Real business cycle theory. 

Macroeconomics, Economics

  • Category:- Macroeconomics
  • Reference No.:- M92060

Have any Question? 

Related Questions in Macroeconomics

Using an is-lm model under a flexible exchange rate regime

Using an IS-LM model, under a flexible exchange rate regime, show how the domestic economy reacts to a decrease in foreign income. Is there a real response in the economy in terms of output levels?

Analysis of monetary policyhow supply of money influences

Analysis of Monetary Policy How supply of money influences interest rates (p. 366-67). II. Quantity of Money that People Desire to Hold Give factors that have an influence - there are three of them (pp. 364-5) III. Tools ...

Use at least two 2 of the following arguments from chapter

Use at least two (2) of the following arguments from Chapter 10 in your paper: normative, positive, anecdote, and evidence arguments to present your positions. Clearly label these to receive credit.

1 which countries consume the most dung and how do the

1. Which countries consume the most dung and how do the energy statistics in the BP Statistical Review account for it? 2. Explain why consumption of a particular energy source typically ceases long before the stock of su ...

A number ofnbspcurrency crisesnbsphave affected certain

A number of  currency crises  have affected certain countries, which have also resulted in contagion in the sense that the crises affected neighboring countries. In a critical essay,  select a country (or countries) affe ...

Question 1nbspa state the general meaning of elasticity as

Question 1  a) State the general meaning of elasticity as it applies to economics. Define the price elasticity of demand. b) A storm destroys half the banana crop. Is this event more likely to hurt banana farmers if the ...

Would need in an hoursuppose the marginal social cost of

Would need in an hour. Suppose the marginal social cost of providing health care to a person is given by the equation 20+4Q. An individual's marginal benefit of health care is 300-Q. This individual has an insurance poli ...

Derive the is curve in the y i space using the aggregate

Derive the IS curve in the (Y, i) space using the aggregate demand plot in the (Y, AD) space.

Magnetism and electromagnetism75 to 150 words-do not

Magnetism and Electromagnetism 75 to 150 words-Do not plagiarize  Discuss the difference between a permanent magnet and an electromagnet.  What are some practical applications of each? Discuss why a conductor and the ext ...

Explain why 76 years ago the rowell-sirois commission

Explain why, 76 years ago, the Rowell-Sirois Commission argued that: "The quality of education and welfare services is no longer a matter of purely provincial and local concern. In Canada today, freedom of movement and e ...

  • 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