ECOS2002 – Intermediate Macroeconomics Tutorial Questions Topic: ‘Fiscal Policy and the Open Income-Expenditure Model’ Tutorial 2: Week 4 (19-23 August) NB: The readings for this tutorial are indicated in Topic 2 of the reading guide. 1. In the Keynesian theory of output what is mechanism that brings about the equilibrium level of output determined by aggregate demand? 2. ‘The stance of fiscal policy cannot be measured by the size of the actual budget deficit.’ Why
Premium Keynesian economics Public finance Macroeconomics
Explain the following situations. (1 mark for each) a) What happens to the inflation tax on the holders of money? As inflation rate increases sharply‚ the price level also increases sharply‚ causing the real value of money that the holders have to decrease. b) Why is wealth that is held in savings account not subject to a change in the inflation tax? Due to the Fisher effect‚ the bank has already taken inflation rate into consideration. For example‚ if the bank posts a nominal interest rate of 7%
Premium Inflation
prices don’t change debts so if prices and wages start falling it means less money for consumers‚ but your debts would not change as a result. Throughout this essay I will go into more depth about why deflation is a bad thing and give some real life examples of what it can do to an economy. One thing that many people do not understand about deflation is that it is the continuous drop in prices. Prices don’t just drop for one week and everyone gets to go on a shopping spree. If you notice a continuous
Premium Money Debt Affect
Chapter 9 1. All firms‚ no matter what type of firm structure they are producing in‚ make their production decisions based on where: marginal revenue equals marginal costs. 2. According to the table below‚ when profits are maximized‚ profits are equal to: $2. 3. Many economists believe that the market for wheat in the United States is an almost perfectly competitive market. If one firm discovers a technology that makes their wheat taste better and have fewer calories than all other wheat
Premium Economics Microeconomics Costs
is not the correct combination for a U.S. president and an important economic issue of his administration? Answer Selected Answer: President Clinton‚ inflation Correct Answer: President Clinton‚ inflation . Question 3 . Macroeconomic models are used to explain how ______ variables influence ______ variables. Answer Selected Answer: exogenous; endogenous Correct Answer: exogenous; endogenous . Question 4 . The total income of everyone in the economy
Premium Inflation Gross domestic product Economics
Natasha Parakh Human Sexuality Final Paper Cuckolding: A Phenomenon of Sexual Evolution The word cuckold has its origins in Old French‚ from the term cucu or cucualt‚ which refers to the Cuckoo bird. While majority of Cuckoos do raise their own offspring‚ it has been noticed that a significant number are brood parasites. This implies the female bird would lay her eggs in the nest of other birds whose eggs are similar to the cuckoos. The term ‘cuckold’ came to be used to refer to men whose wives
Premium Human sexuality Sexual intercourse Sexual arousal
Details | Page number | 1.0 Article Summary | 3 | 2.0 Introduction | 3 | 3.0 Analysis | | 3.1 Demand and Supply | 4-6 | 3.2 Substitute | 6 | 3.3 Shortage | 7 | 3.4 Elasticity | 8-9 | 3.5 Price ceiling | 10 | 3.6 Consumer and producer surplus | 11-13 | 3.7 Tax | 13-14 | 4.0 Conclusion | 15 | References | 16-17 | | | 1.0 Article Summary The article “Consumers complain cooking oil sold at higher than fixed price” which was published on November 27‚ 2012 talks about
Premium Supply and demand
1 ECON 106.017 - Fall 2012 Study Guide for Midterm Exam 2 The exam consists of multiple choice and multistep worked out problems. The time limit is 50 minutes. No books‚ notes‚ or electronic devices (except traditional calculators) are allowed. Topics to be covered: (1) Welfare economics: consumers‚ producers‚ and the efficiency of markets (a) (b) (c) (d) (e) the link between buyers’ willingness to pay for a good and the demand curve. define and measure consumer surplus. the link
Premium Supply and demand Welfare economics Externality
Foundations of Economics for Business Coursework Cadbury Limited BSc. Management November 2012 Word count: 1925 Table of contents: Introduction Short history of the company The confectionery market and Cadbury’s place in it Competitors Products Downsizes Fairtrade Advertising Success on the market and market strategies Conclusion Reference list 1. Introduction This is an analysis of the company Cadbury Limited and its impact on the confectionery
Premium Cadbury plc Chocolate
CNN-Money assignment Presented to Prof. Dr. Iman Zaky By Dr. Adham ABulnour Article: Fiat 500L: A really big tiny car The new larger Fiat is still very small but somehow manages to have a giant-sized interior. http://money.cnn.com/gallery/autos/2013/08/28/fiat-500l/index.html?iid=HP_Highlight Interpretation Microscale or Macroscale economy? The article deals with the microscale economics of the Fiat Corporation private cars industry with a special focus on the Fiat 500 series. Macroscale
Premium Economics Opportunity cost Automotive industry