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Question 1 Discuss the relationship between microeconomics and macroeconomics
Question 2 What do you understand production method? What precaution should be taken while calculating national income with the help of this method?
Question 3 Distinguish between aggregate demand function and aggregate supply function
Question 4 The Phillips curve suggests that a sufficiently high percentage of unemployment is needed for non-inflationary price stability. Discuss
Question 5 With the help of graph discuss the determinants of transaction demand
Question 6 Write a note on the nature and sources of economic growth
The Budget Line: The Consumer Constraints The consumer would like to maximize his satisfaction by reaching the highest possible indifference curve. But in the process, he faces
what are some internal market forces and how is the outcome of output, jobs, prices, growth, and international balance
Over the past month, the 500 customers have downloaded the following number of songs from WalMart's website (obviously, they have had more, but we need to use workable numbers): 13
A bakery has fixed costs of $10 per day and variable costs of $1 per loaf. Its oven can handle up to 50 loaves a day and it is impossible to obtain additional capacity. Sketch the
Oil price shocks lead to large adverse supply shocks in the macroeconomy, infer Dornbusch et al (2008) who define an adverse supply shock as; ‘one that shifts the aggregate supply
It is reported that 16% of American households use a cell phone exclusively for their telephone service. In a sample of eight households, find the probability that: A) None use a c
The prices of fresh fruits have risen recently in the Jackson area. Why would this have occurred? Explain.
Aggregate demand in the cross model Because C and Im depends positively on Y while G, I and X are exogenous, aggregate demand Y D will depend positively on Y: Y D (Y) = C(
Explain the term- inventory investment We would have a negative inventory investment whenever inventories decrease. By net investments we mean gross investments minus depreciat
Your Insurance firm processes claims through its newer, larger high tech facility and its older, smaller low-tech facility. Each month, the high-tech facility handles 10,000 claims
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