Questions from Macroeconomics


Q: The World View on page 63 explains why gasoline prices rose in

The World View on page 63 explains why gasoline prices rose in 2011. What will bring prices down?

See Answer

Q: Why might more reliance on markets rather than government be desirable?

Why might more reliance on markets rather than government be desirable? When and how might it be undesirable?

See Answer

Q: In 2010, how many of the 800,000 black teenagers

In 2010, how many of the 800,000 black teenagers who participated in the labor market (a) Were unemployed? (b) Were employed? (c) Would have been employed if they had the same unemployment rate as wh...

See Answer

Q: If equilibrium is compatible with both buyers’ and sellers’ intentions, how

If equilibrium is compatible with both buyers’ and sellers’ intentions, how can it be undesirable?

See Answer

Q: What exactly did Say mean when he said that “supply creates

What exactly did Say mean when he said that “supply creates its own demand”?

See Answer

Q: What might have caused real GDP to decline so dramatically in (

What might have caused real GDP to decline so dramatically in (a) 1929 and (b) 1946 (see Figure 8.3)? What caused output to increase again in each case?

See Answer

Q: How would a sudden jump in U.S. prices affect

How would a sudden jump in U.S. prices affect (a) imports from Mexico, (b) exports to Mexico, and (c) U.S. aggregate demand?

See Answer

Q: Did President Obama make the right policy decisions? How could you

Did President Obama make the right policy decisions? How could you be sure?

See Answer

Q: How do households dissave? Where do they get the money to

How do households dissave? Where do they get the money to finance their extra consumption? Can everyone dissave at the same time?

See Answer

Q: Why is per capita GDP so much higher in the United States

Why is per capita GDP so much higher in the United States than in Mexico?

See Answer