The statements given reflect either Micro or Macroeconomic issue. indicate in each case which you think is applicable. 1. The governor of the SARB recently announced a decrease in the repo rate( interest Rate) 2. consumption by south african household decreased in the first quater of 2020.
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The statements given reflect either Micro or
1. The governor of the SARB recently announced a decrease in the repo rate( interest Rate)
2. consumption by south african household decreased in the first quater of 2020.
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- pls solve question for microeconomic theoryneed help with review multiple choice macroeconomic question 24. Newspaper and government sources often cite ‘core’ CPI, a Consumer Price Index that does not include volatile items like gasoline and food. Why is this a misleading measure?(A) It can overstate inflation.(B) It can understate inflation.(C) It misrepresents the volatility of consumer prices. (D) All of the above. 25. Why is the phrase, “Follow the science,” imprecise and misleading?(A) Scientists are mostly a bunch of nerds who do not deadlift.(B) Science is a process of falsification, not a set of dogmas.(C) Scientists have historically stated that smoking is good for health, that Thalido-mide is safe, and that peptic ulcers are caused by spicy foods (instead of H. pylori).(D) It is neither imprecise nor misleading. Always trust scientists.A changing-basket price index (Passche index) like the GDP deflator tends to:a. underestimate the change in the cost of living because it does not take into account that people can substitute less-expensive goods for ones that become more expensive.b. overestimate the change in the cost of living because the continual introduction of new goods makes consumers better off even if prices do not fall.c. underestimate the change in the cost of living because it does not reflect the reduction in consumers’ welfare that may result from the substitutions of less expensive goods for more expensive ones.d. overestimate the change in the cost of living because it takes into account that people can substitute less expensive goods for more expensive ones.
- this question is for Macroeconomics but it didn't show any option for Macroeconomics it just show economics. Use the table below to answer the following question. Table 21.3.2 Data from Southton Price (dollars) Price (dollars) Quantity (number) Quantity (number) Item Base Current Base Current Rubber Ducks Beach Towels 1.15 9.10 1.36 10.00 90 15 100 14 1) Refer to Table 21.3.2. From the data in Table 21.3.2. What is Southton's consumer price index for the current year? What is the rate of inflation over the current year? Show your calculations.b. Classify each of the following statements as positive or normative. Explain.i. Bahamas faces a trade-off between inflation and unemployment ii. The ECCB should reduce the interest rates iii. St. Lucia ought to provide a pension for all citizens iv. Higher tax rates discourage savings an working.Microeconomics is a brach of economics that studies: a. The determination of national income b. The behaviour of individual decision-making units in the economy c. The effects and consequences of the aggregate behaviour of all decision-making units d. The impact of unemployment in South Africa
- 15 Which economics analyzes all level of employment in the economy Select one: a. None b. Financial economics c. Microeconomics d. Industrial EconomicsIdentify each of the following as nominal or real variables.a. the physical output of goods and servicesb. the overall price levelc. the dollar price of applesd. the price of apples relative to the price of orangese. the unemployment ratef. the amount that shows up on your paycheck after taxesg. the amount of goods you can purchase with the wage you get each hourh. the taxes that you pay the governmentWhich is microeconomics or macroeconomics? a) A comparison of alternative tax policies and thier respective impacts on the rate of the nation's economic growth b) the effect of government regulations on car emissions c) the decision by Mc Donalds to hire fewer workers becuase of an increase in the minimum wage d) the stock market plunges by 1000 points due to uncertainty
- Question: Which of the following is related to Microeconomics?[A] The size of national economy[B] Inflation[C] Unemployment[D] Behaviour of individual economic unitsPlease Dont use AI tool.Q1. Draw a circular flow diagrm. Identify the parts of model that corresponds to flow of goods and services and the flow of dollar for each of the following activites. Ahmed earns Rs 200 per houir working in a factory Ayesha spend Rs1500 for a pizza “Eat More” bakery pay Rs 2500 for the rent on its shop Maya purchases a new pair of earrings for Rs 250I need help with a macroeconomic question: Why does canceling a law that make it difficult to fire workers decrease natural rate of uneployment?
