Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Macroeconomics Expert

Question: 1. (True) or X(False)

1. Opportunity cost is the cost for obtaining an opportunity.

2. Positive economics is an economic activity for positive results.

3. Beef and chicken are Normal Goods.

4. Peanut Butter and jelly are Complementary Goods.

5. The shifts of both Demand Curve and Supply Curve result in price increase.

6. Demand's Price Elasticity of necessities is inelastic.

7. Supply's Price Elasticity of oil is alwaysinelastic.

8. Price floor results in quantity shortage.

9. Rent control results in rental house shortage.

10. Consumption is a component of Income GDP.

11. Personal income includes tax.

12. GDP deflator and Consumer Price Index(CPI) are the same price statistics.

13. CPI and COLA are not related.

14. Unemployment rate includes workers not working in last week without searching job in last 4 weeks.

15. Discourage workers and Marginally attached workers are not included in unemployment rate.

16. The unemployed for looking for job are the structural unemployed.

17. Production function is a functional relation of GDP and its Components.

18. The labor productivity is a ratio of GDP over employed.

19. The increase in labor productivity requires the increase in GDP components.

20. Creative destruction is an element for entrepreneurship.

21. The price change is net related to unemployment..

22. The growth of per capita GDP is not related to immigration.

23. Persons of not-in-labor force are not related to employment ratio.

24. Natural unemployment rate is related to cyclical unemployment rate.

25. The spending GDP is the income GDP in its scope.

26. GDP deflator measures the price changes from the base year .

27. Efficiency wage results in labor shortage.

2. Summarize

(1) circular flow model

(2) substitutes and complements

(3) consumer surplus and producer surplus

(4) GDP's 4 methods

(5) CPI's problems

(6) Loanable funds market

(7) unemployment rate and employment ratio

(8) human capital and physical capital

(9) productivity promotion policies

(10) limits to growth

(11) demand's cross price elasticity

(12) labor force participation rate

Macroeconomics, Economics

  • Category:- Macroeconomics
  • Reference No.:- M93137466
  • Price:- $40

Priced at Now at $40, Verified Solution

Have any Question? 


Related Questions in Macroeconomics

Question - the supply for cars qs depends on the price of

Question - The supply for cars Q s , depends on the price of cars P, and the price of steel P s . The demand for cars Q d , depends on the price of cars P, the price of car insurance P i , the price of bus tickets P b , ...

Question draw the supply and demand diagram for reserves

Question: Draw the supply and demand diagram for reserves with the curves intersecting on the downward sloping part of the demand curve - diagram A. Draw a second graph with the intersection taking place on the horizonta ...

Question to study a macroeconomy we calculate aggregate

Question: To study a macroeconomy we calculate aggregate quantities in real terms because? 1) it is then easier to take logarithms 2)it is the only way to reconcile the three approaches to measuring GDP 3) we want to get ...

Question describe the effects of employment discrimination

Question: Describe the effects of employment discrimination on wages. How could this impact ones business decisions in relation to labor costs? The response must be typed, single spaced, must be in times new roman font ( ...

Question assume two countries a and b with sizes of

Question: Assume two countries, A and B, with sizes of domestic markets 300 million and 533 1 3 million units in annual sales, respectively. In this market, firms compete by differentiating their product, while the cost ...

Question suppose that there is a natural disaster that

Question: Suppose that there is a natural disaster that destroys part of the nation's capital stock. A) Determine the effects on aggregate output, consumption, employment, and the real wage, with reference to income and ...

Question in an effort to move the economy out of a

Question: In an effort to move the economy out of a recession, the federal government would engage in expansionary economic policies. Respond to the following points in your paper on the actions the government would take ...

Question - a relatively new aspect to the marketplaces of a

Question - A relatively new aspect to the marketplaces of a number of cities worldwide is something called the sharing economy, in which people rent assets such as cars and rooms directly from each other. Also called a p ...

Question draw a long run average cost and marginal cost

Question: Draw a long run average cost and marginal cost curve for a business and explain why they have this shape. - Also on the graph show a P1 that is very profitable for this firm and the Q1 associated with this P1. ...

Question - suppose an economy is described by the following

Question - Suppose an economy is described by the following aggregate demand and short-run aggregate supply curves. The potential level of output is $10 trillion. Aggregate Quantity of Goods and Services Price Level Dema ...

  • 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

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As