Ask Question, Ask an Expert


Ask Macroeconomics Expert

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

Section A:

problem 1: What is meant by the term steady state in the Solow model? Describe how Golden Rule is distinct from steady state.

problem 2: Illustrate how the permanent income hypothesis reconciles the difference between short-run and long-run consumption behavior.

Section B:

problem 3: Policy makers must stick to rules rather than pursuing the discretionary polices. Do you agree with the above statement? Verify your answer.

problem 4: Describe in short the salient features of real business cycle theory. In what respects is it distinct from other theories of business cycle?

problem 5: Describe why firms might offer a higher wage to workers than the equilibrium wage rate.

problem 6: Bring out the significant issues on which Lucas criticizes the Keynesian macroeconomics. To what extent the New-Keynesian economists have accepted such criticisms?

problem 7: prepare short notes on the given below:

a) Rational expectation and adaptive expectation.

b) Non-accelerating Inflation Rate of Unemployment. 

Macroeconomics, Economics

  • Category:- Macroeconomics
  • Reference No.:- M92073

Have any Question? 

Related Questions in Macroeconomics

A lower east-side cinema charges 300 per ticket for under

A Lower east-side cinema charges $3.00 per ticket for under 12 years of age and $5.00 per ticket for anyone 12 years of age or older. The firm has estimated that the price elasticity of demand for tickets by those 12 yea ...

Economic paperwrite an economic paper about threshhold of

Economic Paper Write an economic paper about Threshhold of inflation and economic growth in any develping country. The paper should be done by 4 sections: introduction, literature review, thretcal study and conclusion. T ...

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 ...

Why do we need microeconomicswhat makes perfect competitive

Why do we need microeconomics? What makes Perfect competitive firm efficient market? Explain the elasticity of demand and taxes. Explain increase demand and increase in quantity demanded. What makes pure monopoly an inef ...

Economic choice and economic decision makingeconomic choice

Economic Choice And Economic Decision Making Economic Choice and Economic Decision Making Consider your last vehicle purchase and the decision making process you engaged in while deciding what vehicle to purchase or if a ...

Question 1 explain why real gdp might be an unreliable

Question 1: Explain why real GDP might be an unreliable indicator of the standard of living. Question 2: Why does unemployment arise and what makes some unemployment unavoidable? Question 3: Consider the following statem ...

Why are most environmental resources un-priced or

Why are most environmental resources un-priced (or under-priced) and what are the consequences of this? Under what circumstances is it desirable to monetize priceless environmental amenities? Briefly describe three metho ...

Affairs and were given the task of assessing the value of

Affairs and were given the task of assessing the value of the Neponset River Watershed. The area of the Neponset River Watershed is 300 km2, and 330,000 people live in the Neponset River Watershed. The Neponset River Wat ...

The present worth amount of a series of annual payments

The Present Worth amount of a series of annual payments extending over a period of 20 years is $25,000. Theequivalent annual amount of the series of payments is $2,000 per year. What is the rate of return for this series ...

Assignmenti philips curve suppose that the philips curve is

Assignment I. Philips Curve: Suppose that the Philips curve is given by πt = πet + 0.1 -2ut a. What is the natural rate of unemployment? b. Assume πet = θπt-1 and suppose that θ is equal to 0. Suppose that the rate of un ...

  • 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

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

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen