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- How does ecomonic data relate to the real world of business in relation to managerial economics?Write a review report/essay by focusing on the key macroeconomic challenges that have been discussed in “Principles of Macroeconomics”.Changes 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.
- Identify three macroeconomic issues that have been in the news recently.Intermediate macroeconomics: Using examples and clearly labeled graphs where applicable answer the following questions clearly and detailed. What argument, based on macroeconomic theory, might a government use to justify shutting down a newspaper critical of its policies? If you were asked to provide a counterargument, what would it be? Explain.For a competitive equilibrium in a two-period model, must there be an equal amount of borrowing and lending?
- Solve this macroeconomicsIn the Heckscher-Ohlin model, modelling supply chains A is impossible. B can invalidate the factor price equalisation result. C allows countries to specialise in producing different intermediate goods D will imply that wages for skilled labour move in opposite directions in countries with relative abundance of skilled labour and countries with relative scarcity of skilled labour.Consider again the canonical OLG model with log preferences and a Cobb-Douglas production function, but assume that individuals now work in both periods of their lives. (a) Define a competitive equilibrium and the steady-state equilibrium. (b) Characterize the steady-state equilibrium and the transitional dynamics in this economy. (c) Can this economy generate overaccumulation?
- How does the supply side of the market relate to the real world of business in relation to managerial economics?Macroecomics is an aggregate of what happens at the microeconomics level. Would it be possible for what happens at the macro to differ from how economic agents would react to same stimulus at the micro level?Long run macroeconomics focuses on economic growth and cyclical unemployment. True or False