Describe the two aspects of a business cycle. What are the
economic shocks and how do...
Describe the two aspects of a business cycle. What are the
economic shocks and how do they affect the economy? Describe the
three different views of economists about the types of economic
shocks that are accountable for business cycle
Describe and evaluate some of the economic and tax advantages of
business expansion. How do economic and tax implications of
expansion influence decisions on whether to expand or not, and if
expansion is undertaken, how do these implications shape decisions
on the scale and character of expansion? Make sure that you
identify and address the specific form(s) of business expansion
that you discuss.
A) What are the four phases of the business cycle? How long do
business cycles last? How do the rate of unemployment and the rate
of inflation typically behave in each phase?
B) This council, an advisory body with business and union
representation, decided to rethink the concept of unemployment. It
was intent on unraveling the paradox of substantial new job
creation coupled with a high and largely unyielding jobless rate.
How could this paradox come about?
In real business cycle theory, the persistence of shocks to
total factor productivity is justified byathe fact that capital takes time to build.bthe fact that capital depreciates every period.cthe behavior of Solow residuals in the data.dthe fact that monetary policy can be neutral.
DESCRIBE AND DISCUSS in details of commercial aspects, economic
aspects and the
amendment of the need for revision of THE HAGUE RULES in the
implementation of bill of
lading in all modes of transportation especially in maritime
sector. ( 30 Mark)
What are the four phases of the business cycle? How long do
business cycles last? Why does the business cycle affect output and
employment in capital goods industries and consumer durable goods
industries more severely than in industries producing consumer
nondurable?
What are the four phases of the business cycle? How long do
business cycles last? Why does the business cycle affect output and
employment more severely in durable goods industries than in
nondurable goods industries?
There
are different economic explanations or theories for the business
cycle that seek explaining how the economy’s output level, average
price level, and unemployment / employment rates change together or
co-vary. Explain in 200 to 300 words why economists seek these
explanations and why these explanations when adopted by others for
their use in business planning or legislating macroeconomic policy
is important to you in your personal and working lives. Note there
does not exist to date a single macroeconomic...
QUESTION 3
[100 marks]
What is the business cycle? How do economists analyse business
cycles?
[15
marks]
Net exports (NX) are a component of gross domestic product
(GDP). What are net exports and why are they included in GDP?
[10
marks]
Explain how an appreciation in the nominal interest rate would
affect the real interest rate, and net exports.
[15
marks]
Explain the difference between fixed and floating exchange rate
regimes. What are the costs...