Questions from Macroeconomics


Q: Why do economists put so much emphasis on entrepreneurship? How can

Why do economists put so much emphasis on entrepreneurship? How can poor nations encourage it?

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Q: How do nations expect nationalization of basic industries to foster economic growth

How do nations expect nationalization of basic industries to foster economic growth?

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Q: Could a nation reorder Rostow’s five stages of development and still grow

Could a nation reorder Rostow’s five stages of development and still grow? Explain.

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Q: Is it possible for unemployment rates to increase at the same time

Is it possible for unemployment rates to increase at the same time that the number of employed persons is increasing? How?

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Q: GDP in 1981 was $2.96 trillion. It grew

GDP in 1981 was $2.96 trillion. It grew to $3.07 trillion in 1982, yet the quantity of output actually decreased. How is this possible?

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Q: If gross investment is not large enough to replace the capital that

If gross investment is not large enough to replace the capital that depreciates in a particular year, is net investment greater or less than zero? What happens to our production possibilities?

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Q: Which determinants of pizza demand change when the White House is in

Which determinants of pizza demand change when the White House is in crisis?

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Q: If more teenagers stay in school longer, what happens to (

If more teenagers stay in school longer, what happens to (a) production possibilities? (b) unemployment rates?

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Q: If all prices increased at the same rate (i.e

If all prices increased at the same rate (i.e., no relative price changes), would inflation have any redistributive effects?

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Q: In Figure 3.8, why is the organ demand curve

In Figure 3.8, why is the organ demand curve downward-sloping rather than vertical? Figure 3.8:

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