Questions from Macroeconomics

Q: What is the nation’s saving rate and why is it an important

What is the nation’s saving rate and why is it an important concern for macroeconomists

Q: What is a government budget deficit? Why are macroeconomists concerned with

What is a government budget deficit? Why are macroeconomists concerned with budget deficits?

Q: Explain the difference between fiscal policy and monetary policy. What are

Explain the difference between fiscal policy and monetary policy. What are some of the reasons these macroeconomic policies are used?

Q: What is stabilization policy? What two important debates occur among macroeconomists

What is stabilization policy? What two important debates occur among macroeconomists regarding its use, and who are the parties to these debates?

Q: What are global trade imbalances and why do economists focus on them

What are global trade imbalances and why do economists focus on them?

Q: Explain how an equilibrium factor price is established in a factor market

Explain how an equilibrium factor price is established in a factor market if there is either an excess demand for the factor or an excess supply of the factor.

Q: What determines the distribution of national income between payments to labor and

What determines the distribution of national income between payments to labor and payments to capital?

Q: How does total factor productivity differ from labor productivity?

How does total factor productivity differ from labor productivity?

Q: Explain each symbol or term in the Cobb Douglas production function.

Explain each symbol or term in the Cobb Douglas production function. Which element in the production function cannot be measured directly? How is it measured?

Q: Although they are distinctly different, the marginal product of labor,

Although they are distinctly different, the marginal product of labor, MPL, and labor productivity are closely related and should behave similarly. Go to the St. Louis Federal Reserve FRED database, a...