A firm's health generally depends heavily on how well the economy is ding as a whole. The success of private businesses is largely influenced by an expanding economy and favorable macro trends. Give two instances of macroeconomics trends and how they might impact hiring, sales and profits for a company.
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A firm's health generally depends heavily on how well the economy is ding as a whole. The success of private businesses is largely influenced by an expanding economy and favorable macro trends. Give two instances of
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- Hey! Need help with the following Macroeconomics question, it contains four small sub-questions. Thank you in advance! In this question, use what you learned in the second part of the chapter to compare the performance of an economy in two different time periods, as a result of changes in its physical capital stock and efficiency units of labor. Suppose that from period 1 to period 2, the unemployment rate in the economy increases. Everything else remains unchanged. What happens to the total efficiency units of labor? Express your results formally as an inequality, using the formula for total efficiency units of labor presented in the chapter (in particular, recall that total efficiency units of labor in two periods can be written as and , where L is the total number of employed workers). What are the consequences for GDP of this increase in unemployment? Express your results formally as an inequality, using the aggregate production function presented in the chapter. What are the…Describe scope of MacroeconomicsChanges in macroeconomic indicators can often be of relevance to business and influence decision-making concerning a range of issues related to things like profit forecasts, expected sales growth, expansion plans, etc. Assume you are employed as a business analyst with a large Singaporean based multinational corporation that manufactures electronic products. Identify and discuss how each of the following macroeconomic issues may be relevant to the firm. Rising unemployment in Singapore and other developed nations.
- The long run macroeconomic performance of an economy can be reflectedfrom the changes of her major macroeconomic indicators. With appropriateinterpretations of the changes to these indicators, one can identify the inherentstructural features of an economy, and hence, identify her strengths andweaknesses. In about 250 words, write a short essay on ONE economy from the list below:i. Singapore;ii. The United Kingdom;iii. The United States.In your essay, describe the changes of major macroeconomic indicators fromthe last decade. Using them to illustrate major structural features of the choseneconomy. Based on the above, identify ONE inherent problem implied bythese structural features that might limit her macroeconomic performance inthe long run. Suggest ONE practical government policy in dealing with thisinherent problem.When we say that economic fluctuations are “irregular and unpredictable,” we mean thata. the relationship between output and unemployment is erratic and difficult to characterize.b. when one macroeconomic variable that measures income or spending is falling, other macroeconomic variables that measure income or spending are likely to be rising.c. recessions do not occur at regular intervals.d. All of the above are correct.Due to temporary weather patterns, suppose production in the agricultural sector increases. a. Given the various shifters presented in the book/lecture notes, which curve(s) shifts first and why? Show the graph of the Goods and Services market, including the shift. b. What happened to the price level and RGDP in the short-run? c. Will this cause a temporary business cycle? Why or why not? Show any additional shifts in the graph above.
- Economic variables are sometimes divided into “leading indicators” and “lagging indicators.” Leading indicators are variables that start to change before an economic expansion or contraction. Lagging indicators change only when an expansion or contraction is well underway. Based on the graph of the unemployment rate, is unemployment a leading or lagging indicator of recessions? Explain. How can we use this information when providing advice to a company that sells goods to consumers?This is an intermediate macroeconomics subject question. Please explain clearly.An economy has an unemployment rate of 11% and real GDP grows by 2.5% annually. A treasury official says next year's expected growth rate of 4% is ecpected to bring down the enemployment rate to 8% within one year. However, an economists disagrees as it is non consistent with macroeconomic research. -who is correct? the treasury official or the economist and why?
- Macroeconomics is concerned with: only long-run trends in economic activity. only short-run fluctuations in the business cycle. both long-run trends and short-term fluctuations in economic activity. only with changes in the overall price level.Give an example of a concept you think may be associated with weak macroeconomic performance. Explain why this is the case. Use real-world examples and explanations. concepts lists - economics and the economic way to thinking - economic theory - scarcity -opputunity cost - market and competitive markts -supply -how markets reach equilibrium price and quantityWhat has happened to the macroeconomic over the past two years? What is happening with the macroeconomic indicator today?