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What is the role of a macroeconomist?
- balancing control over
-issues faced
-tools to achieve
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- Which of the following is not related to Macroeconomics? a. Determining individual consumer decisions b. Preventing the economy from experiencing inflation c. Preventing the economy from experiencing unemployment d. Keeping living standards high for people to live decent, meaningful livesWhich of these economic problems is not associated with the study of macroeconomics? a. How to increase employment rate? b. How to influence aggregate demand through taxation? c. How to predict the demand for medicines? d. How to get out from economic recession?1. 2. Explain why macroeconomic analysis is particularly concerned with issues of economic growth, unemployment, inflation, and balance of payments? "Economic growth does not necessarily reduce the number of unemployed workers". Explain this statement.
- Explain how a person’s interpretation of macroeconomic history could affect his view of macroeconomic policies?Unemployment macroeconomics; please answer all components, thanks!A complete macroeconomic model would not like include the following market A- labor B- capital C- underground market D- national goods and services
- Why is macroeconomics important? a. it helps in determining appropriate fiscal and monetary policies b. it gives a picture of the economic problems of the country c. All of these options are correct d. it provides answer to address national economic problemsList four primary goals governments strive to achieve in order to improve a country's macroeconomy and briefly explain if these goals are all achievable.Macroeconomics: The Big Picture – End of Chapter Problem a. How did Milton Friedman alter the consensus that had developed in the aftermath of the Great Depression on how the economy should be managed? He developed policy measures that enable the government to intervene to move the business cycle into recession or growth precisely as needed. He observed that bo0oms, as well as busts, need to be managed to reduce volatile swings in the business cycle. He demonstrated that fiscal policy worked better than monetary policy when fighting recessions. He provided theoretical evidence that the economy is self-correcting in the short run but needs government intervention in the long run. b. What is the current goal of policy makers in managing the economy? To maximize the profits of corporations and the wages of labor To eliminate any and all busts or recessions To reduce the magnitudes of booms and busts To completely eliminate unemployment