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What is the role of a macroeconomist?
- balancing control over
-issues faced
-tools to achieve
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- Identify the questions that are answered by Macroeconomics from the following. a. All of the options b. What is the nation’s rate of unemployment c. What is the nation’s rate of inflation d. What is the nation’s level of GDPWhy is macroeconomics important? a. it helps in determining appropriate fiscal and monetary policies b. it gives a picture of the economic problems of the country c. All of these options are correct d. it provides answer to address national economic problemsHow are data, theory and policy used in Macroeconomics to analyze, explain and develop strategies to improve macroeconomic performance?
- What Are the Big Disagreements in Macroeconomics? Briefly highlight the views of classical and Keynesian economists.What are the main goals of macroeconomic policy, and how are they interconnected?A complete macroeconomic model would not like include the following market A- labor B- capital C- underground market D- national goods and services
- How does a person’s interpretation of macroeconomic history affect his view of macroeconomic policy?Fiscal policy and Monetary policy what effect can they have on macroeconomic, name any policy that have effected the macroeconomic?A broader definition of macroeconomics and its relationship with the level of production, unemployment and inflation of a country.
- Which of the following is not related to Macroeconomics? a. Determining individual consumer decisions b. Preventing the economy from experiencing inflation c. Preventing the economy from experiencing unemployment d. Keeping living standards high for people to live decent, meaningful livesExplain why macroeconomists like to build models and why do macroeconomists build models based on microeconomic principles? Discuss.Briefly explain how one or more of the microeconomic components, namely consumption,investment, supply and demand for money influence macroeconomic outcomes and formulations of the following macroeconomic theories:a. Solow Growth Model b. The Mundell-Fleming model c. Neoclassical Model of Investment Use mathematical equations and graphs where necessary.