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Macroeconomics

06/24/19

How does the money supply behave when bank loans are repaid?

In a fractional reserve system when banks lend out money, that money is created out of thin air by a accounting journal entry, and the money supply goes up by the amount of the loan & when the... more

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Macroeconomics Economics

06/22/19

Explain why Jamaica's opportunity cost of one cooler is 0.5 radios and Norways opportunity cost on one cooler is 0.125 radios?

Assume that Jamaica and Norway can switch between producing coolers and producing radios at a constant rate. The following table shows the number of coolers or number of radios each country can... more

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Macroeconomics

06/20/19

Is 'full employment' synonymous with 'the natural rate of unemployment'?

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Macroeconomics

06/20/19

What benefits does Bitcoin (i.e. cryptocurrency) offer?

I really, really like moderate inflation. I live in Sweden where the interest rates just went negative because we are on the brink of deflation, and the rate of inflation we have now is far too... more

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Macroeconomics

06/19/19

Are real wages a good measure of economic progress?

Why do we tend to use Real GDP Per Capita instead of the real wage? What is the issue of using the real wage instead?

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Macroeconomics

06/19/19

Is economics a science based more on statistics (observations) rather than rigorous reasoning?

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Macroeconomics

06/18/19

Is a country in economic downturn if its growth rate is negative, but improving?

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Macroeconomics

06/17/19

Road to equilibrium in a basic economic model?

I am reading a (macro)economics book which introduces a model of a small, closed economy. Two relations are presented. The IS relation (savings equals investments, or demand equals production) and... more

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Macroeconomics

06/17/19

What benefits do OPEC countries obtain by cutting oil supply?

It is unclear to a economic novice like me why OPEC is not cutting down production and raising oil prices. I have read several journalists commenting upon this on the internet but perhaps an... more

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Macroeconomics

06/17/19

Does GDP count both the investment and the house rental?

Suppose you bought a new house in the year of 2010. Then the price of the house in counted toward the 2010 GDP. Say then you live in the new house in the following years. So in these years, the GDP... more

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Macroeconomics

06/17/19

Is zero inflation desirable?

Is zero inflation really desirable?To be more precise: Does inflation in real life have benefits that in some situations outweigh its social cost? E.g.: it works as a disincentive against holding... more

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Macroeconomics

06/16/19

Are savings necessary for economic growth?

So, I've had this confusion for a long time. We all know how spending is absolutely vital for economic growth. However, at the same time, are savings necessary too?My initial opinion was "no". In a... more

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Macroeconomics

06/13/19

In other words, what is the value of the final goods the nation produced including trees, lumber and bookshelves?

Last year, a small nation with abundant forests cut down $200 worth of trees. It then turned $100 worth of trees into $150 worth of lumber. It used $100 worth of that lumber to produce... more

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Macroeconomics

06/10/19

How does a cash deposit change the M1 measure of the money supply?

The question asks what is the immediate effect of the cash deposit on the M1 measure of money supply. The official answer is "There is no change in the M1 measure of the money supply. (Demand... more

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Macroeconomics

06/01/19

Benefits of a weak national currency?

I often hear that developing economies can benefit from a weak national currency. For example China as exporter deliberately makes its national currency weaker, so that it gains an advantage. Are... more

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Macroeconomics

06/01/19

Doubt on a simple problem from Mankiw's Macroeconomics?

I've just started studying Macroeconomics and I have a quick doubt about the following problem from Mankiw's Macroeconomics 7th edition, page 81:> 8. Consider how each of the following events is... more

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Macroeconomics

06/01/19

Can there be too little unemployment for the health of the economy?

The cyclical rate of unemployment can be negative, which implies that the business cycle sometimes produces too little unemployment. How can there be “too little” unemployment for the health of the... more

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Macroeconomics Business Gdp Government Spending

05/28/19

How does government spending on imported goods affect GDP?

How does government spending on imported goods affect GDP?Is it first counted as government spending and then subtracted as imports? For instance, if the US government buy a new accounting system... more

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Macroeconomics Business Technology Theory

05/28/19

Factor-augmenting technologies (Acemoglu and Restrepo 2018c)?

In that paper, they consider the following production function:$Y = F(A_KK,A_LL)$.Where: > K denotes capital, L is labor, and $A_K$ and $A_L$ denote capital-augmenting> and labor-augmenting... more

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Macroeconomics Business Gdp Financial

05/24/19

Financial investment in the composition of GDP?

In the production function ***Y = C + I + G + NX***Does foreign investment in domestic assets (*i.e. foreign buying of domestic bonds*) - and vice versa - come under the Net Exports variable? Which... more

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Macroeconomics Business Theory International Economics

05/24/19

Consequences of a positive uncovered interest rate parity (UIP) spread for an emerging market economy?

Empirically we observe that the uncovered interest rate parity (UIP) does not hold; in fact the exchange rate adjusted return on an emerging market bond is higher than the return on US bonds; I... more

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Macroeconomics Business Gdp

05/24/19

If a retailer consumes a good he bought from the producer, does that get accounted into the GDP of a nation?

Let's say we have a soft-drinks store. Say the store sells Pepsi and Coke. If the retailer drinks a bottle of coke from his own store, does that get counted into the GDP of a nation?Or is it only... more

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Macroeconomics Economics

05/21/19

AA decline in the value of the U.S dollar will likely result in an increase in the -

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Macroeconomics Economics Political Science Economic Development

05/14/19

How can fiscal policy promote economic development?

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Macroeconomics

05/14/19

What is economic development?

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Answers •1

How does the money supply behave when bank loans are repaid?

Explain why Jamaica's opportunity cost of one cooler is 0.5 radios and Norways opportunity cost on one cooler is 0.125 radios?

Is 'full employment' synonymous with 'the natural rate of unemployment'?

What benefits does Bitcoin (i.e. cryptocurrency) offer?

Are real wages a good measure of economic progress?

Is economics a science based more on statistics (observations) rather than rigorous reasoning?

Is a country in economic downturn if its growth rate is negative, but improving?

Road to equilibrium in a basic economic model?

What benefits do OPEC countries obtain by cutting oil supply?

Does GDP count both the investment and the house rental?

Is zero inflation desirable?

Are savings necessary for economic growth?

In other words, what is the value of the final goods the nation produced including trees, lumber and bookshelves?

How does a cash deposit change the M1 measure of the money supply?

Benefits of a weak national currency?

Doubt on a simple problem from Mankiw's Macroeconomics?

Can there be too little unemployment for the health of the economy?

How does government spending on imported goods affect GDP?

Factor-augmenting technologies (Acemoglu and Restrepo 2018c)?

Financial investment in the composition of GDP?

Consequences of a positive uncovered interest rate parity (UIP) spread for an emerging market economy?

If a retailer consumes a good he bought from the producer, does that get accounted into the GDP of a nation?

AA decline in the value of the U.S dollar will likely result in an increase in the -

How can fiscal policy promote economic development?

What is economic development?

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