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- In australian circular flow of income, Are the following net injections, net withdrawals or neither? 1. Firms are forced to take a cut in profits to give a pay rise 2. Firms spend money on research 3. The government increases tax free threshhold 4. The general public spend more money in credit unions 5. Australian investors earn higher dividends on overseas invetments 6. The government purchases US military aircrafts 7. People draw on their savings to finance holiday overseas 8. people draw on their savings to finance holidays in Australia 9. The government runs a budget deficit and finance it by borrowing from general public 10. The government runs a budget deficit and finance it by priniting more moneyOn a diagram, demonstrate the effects of (a) a fall in investment and (b) a fall in the money supply. What does the size of the fall in national income depend on?b. How do fiscal and monetary policies differ in their approaches to managing the economy during periods of recession? Provide examples of each policy tool.
- Part 1) Can you Explain how an economy’s income must always equal its expenditure with simple example Part 2) Can you please write the problems with the Consumer Price Index. Part 3) What is fiat money? What is commodity money? Which kind do we use? Part 4) Suppose you given a choice to live in a country with high level GDP and low growth rate or to live in a low level of GDP and a high growth rate, which option would you choicee and why?Why do economists insist on emphasizing the difference between money and income? Why is this difference important in macroeconomics?Show by graph and explain the effects of an increase in National Income in money market. Thanks!
- a) In his “The General Theory of Employment, Interest and Money, 1936”, John Maynard Keynes stated that ‘When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done.’ Do you agree with Keynes’ statement that market failure is inevitable in financial markets? Justify your answer with reference to economic theory and evidence.1.Reaching a trade agreement with many other countries2.An occurrence of hyperinflation in the country How would the long run economic growth (GDP) of the country be affected in each of the above cases? Briefly explain your answers.Explain the components of Current Accounts
- Distinguish between money/nominal and real GDP. Which would be used to evaluate performance of a macroeconomic system and why?On a diagram, demonstrate the effects of (I) a fall in investment and (II) a fall in the money supply. What does the size of the fall in national income depend on? (Your answer should be 100 words ±10%)Activities in financial markets have direct effects on individual wealth, the behavior of business, and the efficiency of the economy. Three financial markets deserve particular attention: the bond market, the stock market, and the foreign exchange market. Can you explain how each one of these markets affects people's wealth, business behavior, and efficiency of the economy? Be specific about the relationship between these markets and their impact on the above-mentioned variables.
