Questions from Macroeconomics


Q: Who would go to college in a completely private (market)

Who would go to college in a completely private (market) college system? How does government intervention change this FOR WHOM outcome?

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Q: Illustrate what’s happening to oil prices in the World View on page

Illustrate what’s happening to oil prices in the World View on page 63. (a) Which direction did the demand curve shift (left or right)? (b) Which direction did the supply curve shift (left or right)?...

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Q: Why do people around the world have so much faith in free

Why do people around the world have so much faith in free markets?

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Q: Should the government try to equalize incomes more by raising taxes on

Should the government try to equalize incomes more by raising taxes on the rich and giving more money to the poor? How might such redistribution affect total output and growth?

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Q: Use the GDP deflator data on the inside cover of this book

Use the GDP deflator data on the inside cover of this book to compute real GDP in 2000 at 2010 prices.

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Q: What events might prompt consumers to demand fewer goods at current prices

What events might prompt consumers to demand fewer goods at current prices?

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Q: How many resources should we allocate to space exploration? How will

How many resources should we allocate to space exploration? How will we make this decision?

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Q: What is the connection between North Korea’s missile program and its hunger

What is the connection between North Korea’s missile program and its hunger problem?

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Q: On the accompanying graph, illustrate (A) nominal per capita

On the accompanying graph, illustrate (A) nominal per capita GDP and (B) real per capita GDP for each year. (The necessary data appear on the endpapers of this book.) (a) By what percentage did nomina...

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Q: The goal of the price cut described in the News on page

The goal of the price cut described in the News on page 51 was to (select one– enter letter) (A) Increase supply. (B) Increase quantity supplied. (C) Increase demand. (D) Increase qu...

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