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An economy has high nationwide unemployment. Discuss and critically appraise the government's policy options.
An economy has an average national unemployment level of 4 per cent but an unemployment rate of 12 percent. Comment on the efficiency of this policy initiative.
What do you understand by the term full employment? Is the attainment of full employment necessarily desirable?
Is zero unemployment achievable with stable prices? Is it desirable? What do you understand by the term the term NAIRU?
Consider the appropriate macroeconomic policies that the government and its central bank could adopt to reduce inflationary pressures.
As a manager of a chain of movie theaters that are monopolies in their respective markets. What price should be charged on weekends as well as on weekdays?
How can a clinical practitioner distinguish between good research and bad research?
Describe two economic situations that will lead Firm A to choose the pricing behavior described above. Clearly state the assumptions and use graphs to assist yo
Suppose that Home produces agricultural goods using land and labor. Analyze how the inflow of capital affects the industry outputs in Home.
Assume that China does not import motion picture from other counties. Find the number of varieties and the price of motion picture in China.
If Sam pays cash for the house, the annual insurance is $3,000 and the taxes are $4,000. What is his opportunity cost per year to buy the house?
What should the student ask for on the next visit to the refectory to satisfy the nutrient requirements and minimize the number of calories?
What are the policy choices available to governments with respect to the manage-ment of aggregate demand?
Describe in detail the difference between real and nominal GDP. What other information might suggest that an eco-nomy is heading towards a recession?
Define the opportunity cost of getting your degree by analyzing what steps and economic factors a potential student must make when choosing to pursue education.
What do you understand by the terms macroeconomics and microeconomics? What are the main subjects covered in the study of the macro economy?
What role can government play in the macro economy? Distinguish between policy targets, policy instruments and policy goals in government management.
Describe briefly the methods of measuring national income. Why national income accounts systematically underestimate the true value of goods.
Why comparing the GDP of the USA with that of China is unlikely to provide an accurate indicator of the relative economic status of people in the two countries.
It has just been reported that the value of the economy's output grew by 4 per cent over the past year. What factors influence the size of national economies?
Why must realised or ex post savings equal realised or ex post investment in an eco-nomy with only firms, households and a financial sector.
If planned savings exceeded planned investment, explain the process by which the level of national income adjusts.
Why is it not necessarily the case that realised investment will equal realised savings but that realised injections must equal realised leakages in total?
The current level of unemployment is historically low at 3 per cent. What advice would you give the government on the policies it should adopt?
Based on the most-recent figures, which of the following categories of industry classifications has the greatest profits: