Which of the following is not a variable of interest in macroeconomics? the level of planned investment the overall level of employment the overall level of prices the price of coffee
Q: Discuss in detail the macroeconomic circular flow diagram. Substantiate your answer with the aid of…
A: Answer: A circular flow diagram represents the working of an economy through a simple economic…
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Q: Below I have attached my attempt of the IS curve model for India’s economy. Please correct if wrong.…
A: IS curve: - IS curve shows different combinations of interest rate and the level of GDP where…
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A: Explaination of the criticism of life cycle theory of consumption The life cycle hypothesis accepts…
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Q: What happens in the circular flow model during a recession.
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A: The neoclassical model of macroeconomics states that the market condition will depend on demand and…
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A: Macroeconomics: It is a part of economics that deals with the economy as a whole. Macroeconomics…
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A: a) Real GDP trends upward over time but experience ups and downs in the short run. A period of…
Q: Why do economists and managers pay attention to the measurements of macroeconomic activity?
A: Measurements of macroeconomic activities are done by monitoring the inflation rates, gross domestic…
Q: Macroeconomists are interested in two types of phenomena: economic growth and business cycles.…
A: When talking about macroeconomics, two primary phenomena that are analyzed by macro-economists are…
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Q: Which of the following is the most likely to occur in the Circular Flow Model when a recession takes…
A: Recession is a period of falling real GDP in the economy.
Q: The following graph approximates business cycles in the United States from the first quarter of 1955…
A: The business cycle refers to the cyclical upward movement and downward movement in most economic…
Q: What type of macroeconomics presents the view that the market economy works well, that aggregate…
A: Note: Since you've asked multiple question, we will solve the first question for you. If you want…
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A: Recession refers to the situation of lower economic activity. During recession times, economic…
Q: Name two macroeconomic variables that decline when the economy goes into a recession. Name one…
A: Recession:Recession refers to the situation of a widespread decline in spending which leads to an…
Q: Define macroeconomics.
A: Macroeconomics is the branch of economics which deals with economy-wide aggregative variables.…
Q: Macroeconomics is concerned with: only long-run trends in economic activity. only short-run…
A: Correct: both long-run trends and short-term fluctuations in economic activity.
Q: With the aid of the diagram, describe the four major sectors in an economy according to the…
A: The large set of activities of consumption and production being interrelated that tend to determine…
Q: how does the circular flow model of “incomes” and “expenditures” provide a foundation for economic…
A: The circular flow of income is an economic paradigm that represents the aggregate of market…
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- Which of these is not a goal of macroeconomics? O a. To achieve higher level of employment O b. To achieve higher level of GDP O c. To help in stabilizing prices O d. to help determine the most efficient use of a machineplease asnwer the question in the image Some economists believe that the U.S. economy as awhole can be modeled with the following productionfunction, called the Cobb–Douglas production function:Y 5 AK1/3L2/3,where Y is the amount of output, K is the amount ofcapital, L is the amount of labor, and A is a parameterthat measures the state of technology. For this productionfunction, the marginal product of labor isMPL 5 (2/3) A(K/L)1/3.Suppose that the price of output P is 2, A is 3, K is1,000,000, and L is 1,000. The labor market is competitive,so labor is paid the value of its marginal product.a. Calculate the amount of output produced Y and thedollar value of output PY.b. Calculate the wage W and the real wage W/P. (Note:The wage is labor compensation measured in dollars,whereas the real wage is labor compensationmeasured in units of output.)c. Calculate the labor share (the fraction of the value ofoutput that is paid to labor), which is (WL)/(PY).d. Calculate what happens to output Y,…Quèstion 15 which of the following would be strictly a macroeconomic topic? O the increase in the price of tomatoes O a drop-in gasoline prices how individuals maximize their utilities O the increase in the total production in Jordan
- Again, please work with the following data set. It describes production of the only three goods made by Economy Zeta, along with their prices, for each of three years. Quantity Price of Quantity of Price of Quantity of Price of of Food Food Energy Energy Shelter Shelter 2018 800 $5 1000 $10 200 $100 2019 850 $6 1100 $12 240 $100 2020 850 $7 1200 $14 300 $100 Year Economists estimate that the average person in this economy consumes 12 units of food, 20 units of energy, and 2 units of shelter over the relevant period. 2018 is the base year. Using the GDP deflator, the inflation rate between 2018 and 2019 for this nation is ______________ percent. (Enter your answer "as a percent, but without the percentage sign." If you think the inflation rate is 99.99 percent, enter only 99.99 in the blank.)1:02 ME . O 51% Adobe Scan 01 Oct 2021 (1) Consider an economy that produces and consumes bread and automobiles. In the following table are data for two different years. Year 2000 2010 Price of an automobile $40,000 $50,000 Price of a loaf bread $20 $30 Number of auto-mobiles produced 100 cars 120 cars Number of loaves of bread produced 600,000 loaves 500.000 loaves How much have prices risen between year 2000 and year 2010? Compare answers given by Laspeyres and Passche price indices Share Modify Comment More V3 pts Which of the following studies would be included in Macroeconomics? o individual markets. O changes in the price fluctuations of bottled water, o the behavior of a consumer. o changes in the production of a firm. O changes in the demand for laptops. O changes in the gross domestic product.
- Give two example of intermediate goods?macroeconomics.. help please.Robots at Kroger, Walmart, and Whole Foods The grocery industry is stepping up its investment in robot technology. Retailers are spending an estimated $3.6 billion in robot technology globally, and are expected to invest $12 billion by 2023. Source: Forbes, July 29, 2019 Explain how the widespread use of farm robots will change the rental rate of farm land. www. Q Search Most likely, the widespread use of retailers' robots will OA. decrease the value of marginal product of mall land will decrease OB. not change, the prices of the retail goods will not change OC. increase, the quantity of land used for malls will decrease OD. not change; the quantity of land used for malls will increase the rental rate of mall land because Next
- Suppose that Yvette receives a pay raise of $1,200 per year. She can either use the extra money to consume goods and services, or she can save it by depositing it in a bank For each of the alternative annual interest rates in the following table, indicate how much interest Yvette would eam per year on her annual raise if she saves it. (Note: Assume that no income taxes are deducted.) Interest Rate Interest Earned (Dollars) (Percent) (Dollars) 20 A higher interest rate gives Yvette, incentive to save.what are the factors that contribute to econmic growSub : EconomicsPls answer very faast.I ll upvote. Thank You