Macroeconomics Questions and Answers

Macroeconomics

The multiplier is always greater than 1 because people will always consume, even when their disposable income is zero. As a result, a change in consumption will always be less than a change in...

Latest answer posted November 15, 2018, 11:17 am (UTC)

2 educator answers

Macroeconomics

Jack seems to think that when the economy encounters an issue, it can self-correct because of the natural effect of supply and demand. In theory, this might be true, but the time that it takes for...

Latest answer posted July 31, 2020, 2:39 am (UTC)

1 educator answer

Macroeconomics

The production possibility frontier (PPF) is the curve on a graph that represents all the combinations of production that can be generated. The area below the curve represents inefficient...

Latest answer posted December 22, 2015, 5:59 pm (UTC)

1 educator answer

Macroeconomics

To understand inflation's application in macroeconomics, it is first imperative to define the term and discuss what causes it. Then, it is crucial to dissect how inflation affects a country's...

Latest answer posted September 22, 2020, 7:18 pm (UTC)

1 educator answer

Macroeconomics

This is a great question. If there is going to be economic growth in America, then there are three key components, according to most economists. First and this is the most important - we need to...

Latest answer posted April 11, 2012, 3:52 am (UTC)

1 educator answer