You are welcome to ask any questions on Economics. Though you might also like to try google custom search (top right) to see if the topic has been covered before.
I am looking to explain economic principles / ideas/ recent developments in economics. I can’t promise to answer, but will try if it meets the criteria below.
- Please don’t ask me to do your coursework / assignment e.t.c. (I can usually tell if it is a homework question!)
- Please don’t ask any maths calculations.
- The question and answer will be published here where everyone can see it (including your teacher!)
- I aim to try and simplify economics; as a rough guide I would aim at an understanding similar to a good British A Level student.
- I am looking to explain economic principles / ideas/ recent developments in economics.
- I will answer as a new post, if you leave email address, I’ll usually send quick email. Check home page of blog for new post. With question and answers
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About The Author
I have a question here.
The natural rate of unemployment in an economy is 5 %.
What will happen if a government persists in trying to achieve a target rate of unemployment of 3 % by expansionary monetary policy?
A an accelerating rate of inflation
B a diminishing rate of inflation
C a high but constant rate of inflation
D a negative rate of inflation
When working with GDP data, economists are using the market value of aggregate output in order to facilitate comparisons across years rather than just the amount of output itself (e.g. the value of refrigerators and apples produced rather than the quantities). Why is that–what problem does this address? This solution of using values is not a perfect solution. What new issues arise when we try to compare market values of aggregate output across time periods. How do macroeconomists attempt to address this issue?
Question:
Do all simultaneous-move games possess Nash equilibria? Explain your answer.
suppose a consumer has 90 dollar, available to be divided between commodities A and B, and suppose the unit price of B is fixed at 20 cent, what will be his demand equation for A IF his marginal utility function for A is written as Utility =log Xa +2log Xb.
what are the policies used by government to increase PES for essential goods
One of the macro economic indicator that is monitored by organizations is “the contribution of construction to the GDP”. This is measured in terms of percentage contribution of construction.
My question is:
What does this comprise? Does it include large infrastructure projects/oil refineries nuclear plats etc or not?