To a macroeconomist, what is the difference between saving and investment? In what ways does depreciation affect the net income? What does the current account measure? What about the financial/capital account? What are the components of aggregate expenditure?
Would the effects of tax cuts on consumer spending be studied by a microeconomist or a macroeconomist? Explain. Explain 5 factors that influence price elasticity of demand. Explain the multiplier intuitively. Why is it that an increase in consumption of $1...
Incredibly, Nakamura’s award is the first Clark to go to a macroeconomist in the 21st century. The Great Recession, the massive changes in global trade patterns, the rise of monetary areas like the Eurozone, the “savings glut” and its effect on interest rates, the change in openness to...
We would expect a macroeconomist, as opposed to a microeconomist, to be particularly interested in a. explaining how economic changes affect prices of particular goods. b. devising policies to deal with market failures such as externalities and market power. c. devising policies to promote low ...
Would the factors affecting average wages in the U.S. economy be studied by a macroeconomist or a microeconomist? Explain. Which of the following factors contribute to economic growth? Choose all that apply. a. An increase in the...
and that is why I am sharing now. I am not filing a formal complaint. I am sharing. After more than a decade as a macroeconomist, I am fine. You know me. It is painful to share a part of me you did not know. It is painful to revisit. I do not name names to tar and feathe...
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A macroeconomist is interested in A.explaining how changes in sellers’behavior. affect prices of a particular good. B.All of the above are correct. C.explaining price changes in a particular market. D.explaining why the unemployment rate is higher. 点击查看答案 第3题 By mentioning microbe,...
2. Hayek didn’t do ANY work in the realm of either empirical study or policy recommendations in the 1930s.” I have several reactions. First, I never claimed the opposite. Second, with friends like you Hayek doesn’t need enemies. Any macroeconomist who ignores empirical issues is almost ...
How do you suggest we deal with this problem? Barnett: I would suggest a Monte Carlo study, to see which is best at approximating known utility functions used to generate the data, as I have done in my comparisons between the AIDS model and the Rotterdam model. But I would not limit ...