How does public choice economics influence the market? What is the theory of economics, and how does that relate to the stock market? Explain the three uses of prices in macroeconomics? How do people use prices to help them make economic decisions?
The money supply of a country is a major contributor to whether inflation occurs. As a government evaluates economic conditions, price stability goals, and public unemployment, it enacts specific monetary and fiscal policies to promote the long-term well-being of its citizens. These monetary and f...
Fiscal policy refers to a government's use of spending and taxation to influence the nation's economy. It aims to stabilize economic growth, employment, and inflation. Expansionary fiscal policy involves increased spending or tax cuts to stimulate demand and counter recessions, potentially leading to...
Macroeconomics can be interpreted as the study of the overall economy of the country. It analyzes the market system operating on a large scale. It studies the behavior of the economy on a large scale. Answer and Explanation:1 The real GDP of the country is estimated using t...
How does globalization influence the nation state? How does macroeconomics affect business? What word do economists use to measure what a person gets from the use or consumption of goods and services? How do you calculate payback using investment -CF and how is simple payback calculated?
By this time, macroeconomics was the most troubled sub-discipline of economics. Among professional economists as well as laymen, Keynesian economics had been discredited by the Great Stagflation, in which unemployment and inflation both soared to levels far above those seen in the 1960s. This exper...
Finally, we consider GDP growth and inflation rate as control variables, obtained from the IMF statistics data, to account for the influence of macroeconomic conditions. The data sources and definitions of variables are presented in Table 1. Table 1. Variables description and sources. VariableDescrip...
Explain the concept of frictional unemployment and why it is important to macroeconomics. What is the difference between an indifference curve and a budget line? What is the relationship between inflation and unemployment according to the long-run Phillips curve? Explain unemployment using...
The central bank adjusts its monetary policy to achieve the desired target rate, with the intent that this will be instrumental in achieving the rates of inflation, national income growth, and employment that are the bank's mandated goals.1 ...