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hello sir!
sorry here on your note 19 chapter two titles are not comprehensible for cicircular low of income and aggregate supply and aggregate demand?
also shifts in the aggregate demand curve
I can’t get the conceptHave you listened to the lectures? If not, you might find them helpful.
In an economic environment of high price inflation , those who owe money will gain and those who are owed money will loose?
Kindly explain
Are each of the following consistent with government’s policy objective to expand the level of economic activity ?
1- an increase in Taxation (YES/NO) –
2- an increase in public expenditure (YES/NO) –1-No
2-YesPlease explain
The overall average age of a population in a country is directly dependent on two demographic factors ; birth rates & death rates.
Assuming equal rate of change, will each of the following lead to an overall aging of population?1- increasing death rates (yes/no)
2- decreasing birth rate (Yes/no)-1- no
-2- yesPlease explain
Q1 2020 Earnings = 10,000; debt owed = 2000. 2021, Earnings 11,000 (10% inflation) No amount of debt paid off so you still owe 2000. Your earnings make you richer yet teh amouny owing stay the sams.
If you had 5,000 in the to spend this year, but didn’t spend it until next, your 5000 would buy fewer goods if they suffered price inflation.
Q2 1 Money is removed from the economy – people have less to spend
2 The government spends on jobs etc injecting more spending power into the economy.
Q3 1 – it depends who dies. If young people were attacked by a new virus but the elderly weren’t then the population would age on average.
2 – only very young people are born. If there are fewer the average age will rise.
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