Questions from Macroeconomics

Q: Suppose that the E.U. economy goes into an expansion

Suppose that the E.U. economy goes into an expansion. Explain the effect of the expansion on Canadian real GDP and unemployment in the short run.

Q: If the price level and the money wage rate rise by the

If the price level and the money wage rate rise by the same percentage, what happens to the quantity of real GDP supplied? Along which aggregate supply curve does the economy move?

Q: Describe the trends and fluctuations in the Canadian employment-to-

Describe the trends and fluctuations in the Canadian employment-to-population ratio and labour force participation rate since 1960.

Q: Too young to retire, too old to get a new job

Too young to retire, too old to get a new job. That’s how many older workers feel after getting laid off and spending time on the unemployment line. Many lack the skills to craft resumes and search on...

Q: If the price level rises and the money wage rate remains constant

If the price level rises and the money wage rate remains constant, what happens to the quantity of real GDP supplied? Along which aggregate supply curve does the economy move?

Q: If potential GDP increases, what happens to aggregate supply? Does

If potential GDP increases, what happens to aggregate supply? Does the LAS curve shift or is there a movement along the LAS curve? Does the SAS curve shift or is there a movement along the SAS curve?...

Q: If the money wage rate rises and potential GDP remains the same

If the money wage rate rises and potential GDP remains the same, does the LAS curve or the SAS curve shift or is there a movement along the LAS curve or the SAS curve?

Q: Does economic growth result from increases in aggregate demand, short-

Does economic growth result from increases in aggregate demand, short-run aggregate supply, or long-run aggregate supply?

Q: Does inflation result from increases in aggregate demand, short-run

Does inflation result from increases in aggregate demand, short-run aggregate supply, or long run aggregate supply?

Q: What are the defining features of classical macroeconomics and what policies do

What are the defining features of classical macroeconomics and what policies do classical macroeconomists recommend?