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Question 1:
Discuss why living standards are higher in some countries than others.
Question 2:
(a) How is inflation measured?
(b) What are the causes and consequences of inflation for an economy?
Question 3:
(a) What might cause an appreciation of a floating exchange rate?
(b) Discuss whether an appreciation of a country's exchange rate will always be beneficial to that country.
Question 4:
Write short notes on the following: (a) Monetary Policy (b) Fiscal Policy (c) Balance of Payments (d) Money Demand (Keynesian approach) (e) Economic Growth
what is credit multiplir and how does it work
Economists estimate the short run elasticity of demand for a Chipotle burrito is -2.25. i) What degree of elasticity does Chipotle burritos exhibit? ii) A 1% change in
The cash flows (CF t ) associated with an investment are listed below (assume that each cash flow occurs at the beginning of each year): CF 0 = -200
Unemployment rate (LUNEMP): A key variable to assess the performance of any economy when an economy is growing, the unemployment rate will fall as job creation increases and in
Mathematical Presentation: Consider the utility function U = U(x 1 , x 2 ). Differentiating totally, we get the following: dU = U 1 dx 1 + U 2 dx 2 = 0 (as along the indiffe
Given the demand and cost data you will have available (see information below), briefly describe the process you would use to determine optimum output and price levels in the devel
2. Given the following information: Consumers are very optimistic about the future. The price of oil has just doubled. The money supply is growing at a 6% rate. The government has
how to work out National Income?
Summary of the cross model The below list summarizes the cross model and associates it to classical model: Labor Market: Real wages W/P is exogenous in cross model
A monopoly is broken into a number of competitive parts. Predict the changes in output and price which are likely to take place. Making the basic assumptions that, 1) The i
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