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Question 1.
What do you understand by the terms 'inflation' and 'unemployment? Identify their main elements and causes. What is the relationship between inflation and unemployment? Use diagrams to answer the question.
Question 2.
Collect and graph for Australia and two other countries values of inflation rate and unemployment rate over the last five years period.
Question 3.
What do these statistics that you have reported in question 2 above, suggest about Australia's and other two countries performance in controlling inflation and unemployment. Why have these countries had this inflation and unemployment experience?
Between the types of costs faced by a firm how can technology help firms to lower their costs. What are some specific examples of how firms have used technology to lower costs.
A change in the money supply has no effect on the long run values of the interest rate or real output.
Assume that the MPC is .8 and that $10 trillion of real GDP is currently being demanded. The government wants to increase real GDP demanded to $11 trillion.
Prepare a report that is designed to evaluate how the differences in the economic growth in both countries can be reconciled with your knowledge of theories of economic growth.
Explain what would happen to the slope or position of the AD curve in the following circumstances.
As an worker of the world bank you have been proposed to research the requirements of a country with a particular economic concern. For this project choose a nation and an economic concern such as population, unemployment etc.
Assume you are the manager of a California winery. How would you expect the following events to affect the demand or quantity demanded for your product?
Prove that a diminishing marginal rate of substitution either implies nor is implied by diminishing marginal utility.
Global Widgets Corp is a manufacturing company that builds standardized galvanized metal benches for sports arenas and stadiums-Do you think one of these firms would be more likely to benefit from a de-centralized decision making organizational arc..
In which of the following circumstances is expansionary fiscal policy more likely to lead to a short-run increase in investment? Explain?
One of the major problems in macroeconomics is disagreement in the debate over policy activism versus policy rules.
Compute the linear function equation if drink consumption is a linear function of the number of students.
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