Distinguish between money/nominal and real GDP. Which would be used to evaluate performance of a macroeconomic system and why?

Q: Analyze and compare fiscal and monetary policy in order the generate macroeconomic stability. Which…

A: The tools of fiscal policy include changing the level of government expenditure, changing tax rates…

Q: 1.Which of the following ideas from prominent economic thinkers is the oldest? a.Control of the…

A: When talking about prominent economic thinkers, they are the people who have given various theories,…

Q: To help steer the course of the aggregate economy: reducing the frequency and severity of…

A: Microeconomics is the study of how a single unit or individual firm will respond in an economy…

Q: What do you mean by Circular flow of physical goods and money income?

A: "The circular flow of physical goods and money income refers to the flow of money and goods among…

Q: Discuss the circular economy.

A: Circular flow/ circular economy model explains how an economy functions. It analyses the way goods,…

Q: Elaborate on FOUR or more of the challenges has overcomes by Malaysian government to success in…

A: Inflation Inflation in an economy refers to the increase in the general price level in the economy.…

Q: What is meant by Business Cycle? Identify the fiscal and monetary policies normally taken by…

A: A business cycle is the periodic growth and decline of a nation's economy, measured mainly by its…

Q: Cite at least two (2) real life scenario based on the concept of Neo-Classical Theory. Give Emphasis…

A: A Neoclassical Economic Theory states that a product or service is valued above or below its…

Q: Research past recessions in the US economy. Analyze why the recessions occurred, the societal and…

A: A decrease in the economic activity in an economy is referred to as recession. When an economy is in…

Q: Examine the fundamental causes of a nation’s business cycle fluctuations. Also, examine the…

A: A cycle consisting of expansions and contractions in the aggregate economic activity of a nation is…

Q: Consider a closed economy, Lone. To tackle the severe recession, her government conducts a tax…

A:

Q: What is the role of a macroeconomist? - balancing control over unemployment and inflation -issues…

A: The importance of macro economics is bringing stability in the price, full employment and economic…

Q: Q1. Consider how each of the following events is likely to affect real GDP. Do you think the change…

A: Gross Domestic Product (GDP) is defined as the final value of all the goods and services produced in…

Q: A point where most economic indicators are at their high point. 1-depression 2- expansion 3- peak…

A: When talking about phases of business cycle, these phases are explained by the movement of economic…

Q: New Classical View Keynesian View Price Level Interest Rate Real GDP Equilibrium Quantity of…

A: Classical View: The AS curve is a straight line vertical curve in the classical view and therefore…

Q: When did the British economy first feel the effects of the American-triggered great depression?

A: The great depression is the downturn of the world’s economy in the history of the industrialized…

Q: What are some drivers for companies to engage in the circular economy?

A: There are some drivers for companies to engage in the circular economy:- when companies start…

Q: (a) Susan and Patrick (Discovery Tours) are keen to progress with their idea and have begun to look…

A: Business tourism, often known as business travel, is a subset of ordinary tourism that is more…

Q: (c) Between 2018 and 2021, GDP measured in current prices fell from RM96 billion to RM48 billion.…

A: Note:- Since we can only answer one question at a time, we'll answer the first one. Please repost…

Q: What is golden rule solution in centralised economy?

A: The golden rule states that the government should borrow only to invest and not fund current…

Q: List four primary goals governments strive to achieve in order to improve a country's macroeconomy…

A: Below are the four primary goals. Low unemployment Lower inflation Fair distribution of income…

Q: ming - Google Chrome…

A: GDP (Y) = $1330 million Government Purchases (G) = $350 million Taxes minus Transfer Payments (T) =…

Q: The pace of achievement of broader national objectives depends on the efficiency of the financial…

A: A country's financial system incorporates its banks, nonbank loan specialists; protections markets;…

Q: The whole economy is composed of small units, and these small units transfer funds from one another.…

A: An economy is the place where people live and make economic activities to survive and earn income to…

Q: The following are examples of macroeconomic questions that remain debated among economists and…

A: Definition: Macroeconomics is the part of financial matters that arrangements with the design,…

Q: R Budget balance million Total government revenue 650 Total government expenditure 690 Current…

A: Answer: - R.690 million The conventional budget balance is the outcome of the difference between the…

Q: In an OLG economy, each generation is able to achieve balanced consumption pattern with the help of…

A: Explanation: Generations can get balanced consumption pattern with the help of money because money…

Q: Compare and contrast stock market activity in October 1929, October 1987 and late summer 1998. What…

A: The stock market crash of 1929 was the collapse of the stock prices, for four consecutive ways. It…

Q: What is the stock market? How do you explain its significance to an economy?. The focus of your…

A: A stock is a financial instrument that reflects a portion of a company's ownership. This entitles…

Q: How Adam Smith viewed wealth, what constitutes it and how can it be attained? What are the…

A: Smith contended that by giving everybody the opportunity to create and trade merchandise however…

Q: What is the business cycle?

A: Hi, thanks for the question. Since you posted multiple questions, we will answer for the first…

Q: Q.No.1. Differentiate the following by giving at least one practical example with each term. 1. GNP…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: Assume GDP is currently $10,800 billion per year and the quantity of money is $540 billion.  The…

A: The daily expenditure can be calculated as follows.

Q: Assume GDP is currently $10,850 billion per year and the quantity of money is $833 billion. The…

A: Given  GDP = $10,850 billion  Quantity of Money = $833   Per Day Expenditure of the economy = GDP…

Q: Kindly explain the process of "Booms and Busts" and give an example.

A: In an economy, boom refers to the situation when people make too many economic activities in the…

Q: The purpose is to know if you can define each concept through a clear and precise explanation.…

A: 1. deficit The deficit can be understood as a shortage or lack of something because the cost is…

Q: How would you interpret the graph of an economy? What conditions/gaps are they experiencing?

A: Diagrams and outlines are visual portrayals of information as focuses, lines, bars, and pie graphs.…

Q: What role the consumer credit play in postwar economic boom?

A: Consumer credit can be defined as a banking policy that allows consumers to borrow money from the…

Q: The major problem facing the economy is high unemployment and weak economic growth. The inflation…

A: Monetary policy is the policy in which money is controlled by the government to achieve sustainable…

Q: c.Explain in detail, 4 possible causes of change in the direction of the business cycle. You are…

A: The business cycle refers to changes in Gross Domestic Product (GDP) that is upward or downward…

Q: is it better to have bank based or market based eco

A: An economy is a complex system of interconnected production, consumption, and trade activities that…

Q: What is ? 1-)Potential GDP 2-)Monetary Policy 3-)Fiscal Policy

A: Potential GDP: When an economy can produce a level of output at inflation rate that is constant then…