Distinguish between static and dynamic gains from trade, Macroeconomics

Assignment Help:

Question 1:

Critically analyse the costs of inflation. Which of these items is likely to have encouraged many governments in their adoption of inflation as public enemy number one?

(a) Distinguish between static and dynamic gains from trade.

(b) Explain clearly, with the help of diagrams, the welfare effects of an import tariff assuming

(i) the economy is small
(ii) the economy is large

Question 2:

(a) Critically analyse the main types of unemployment

(b) ‘There is no relationship between inflation and unemployment either in the short run or in the long run' Discuss


Related Discussions:- Distinguish between static and dynamic gains from trade

Granger causality, With the aim of this project to observe the impact of oi...

With the aim of this project to observe the impact of oil price shocks on macroeconomic indicators, testing for causality between these variables will establish whether or not, oil

Lorenz curve, what do we mean when we say export are exogenous and import a...

what do we mean when we say export are exogenous and import are endogeneos?

Relate overnight interest rates targets with money supply, Relate Overnight...

Relate Overnight interest rates targets with money supply There are many ways to explain the important connection between the overnight interest rate target and the money suppl

Ppf model, using the ppf model explain the principles of economics of alloc...

using the ppf model explain the principles of economics of allocative efficiency

Mulitplier, Hello, I am having difficulty in understanding what multiplier ...

Hello, I am having difficulty in understanding what multiplier is.

Right to give blood, Singer suggests that although the right to sell blood ...

Singer suggests that although the right to sell blood does not threaten the formal right to give blood, it is incompatible with "the right to give blood, which cannot be bought, wh

Aggregate supply in the long run, In the short run, the discrepancy between...

In the short run, the discrepancy between actual and expected price level causes changes in output and employment. But in the long run, if all other things remain constant, the hig

Circular flow of income in an open economy, explain the effects of various ...

explain the effects of various injections and withdrawals and show the equilibrium in the circular flow

Economics 10, The demand for money schedule shows that the quality of money...

The demand for money schedule shows that the quality of money that people want to hold

Central bank, how can a central bank diminish inflation

how can a central bank diminish inflation

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd