may june 2008, p3 mcq no. 23 and 2. some one pls help! http://www.xtremepapers.com/papers/...d AS Level/Economics (9708)/9708_s08_qp_3.pdf
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thanks,really appreciate the effort.Didn't understand much though,will practice some more to get the hang of it.Use quantity theory of money ...
where money supply is directly related to average price level...
And that V & Y are directly related to the money supply
Hence the output will be the difference between them
Keynesians believe that and increase in money supply causes and increase in output (hence it shld be a positive output)
may june 2008, p3 mcq no. 23 and 2. some one pls help! http://www.xtremepapers.com/papers/CIE/Cambridge International A and AS Level/Economics (9708)/9708_s08_qp_3.pdf
dear its very difficult to guess for this paper. however it would be comparatively easy paper.
Thats a relief
Sir could u summarise on the basic keynasian/monetarist beliefs of how the economy works, please? Qamar Baloch
Or somebody else?
thank u. how about no. 23?2. question .... for $6 there wld be a marginal utility of 12...Hence...then u need to find the units with the difference of 12
Hence D...5 units...because it gave rise to 12 more units
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thank u. how about no. 23?
I am not sure if I am correct but this method helped me get the correct answer.The economy wants to reach 50k million and at the moment is operating at 40k m.This means it requires another 10k m to reach the 50k m.The multiplier formula is 1/mpc,so add all the leakages,it comes up to 0.5.may june 10/31 no. 20! help someone!
http://www.xtremepapers.com/papers/CIE/Cambridge International A and AS Level/Economics (9708)/9708_s10_qp_31.pdf
thanks!I am not sure if I am correct but this method helped me get the correct answer.The economy wants to reach 50k million and at the moment is operating at 40k m.This means it requires another 10k m to reach the 50k m.The multiplier formula is 1/mpc,so add all the leakages,it comes up to 0.5.
1/0.5=2. Now divide the required value for increment to 50k m which is 10k m and divide by it 2.The answer will be 5k m and so therefore since the govt spending was 15k m,it will increase by 5k m and therefore be 20k m.
Not sure about this method but I hope you understood it.
sonamali said: ↑
may june 10/31 no. 20! help someone!I am not sure if I am correct but this method helped me get the correct answer.The economy wants to reach 50k million and at the moment is operating at 40k m.This means it requires another 10k m to reach the 50k m.The multiplier formula is 1/mpc,so add all the leakages,it comes up to 0.5.
http://www.xtremepapers.com/papers/CIE/Cambridge International A and AS Level/Economics (9708)/9708_s10_qp_31.pdf
1/0.5=2. Now divide the required value for increment to 50k m which is 10k m and divide by it 2.The answer will be 5k m and so therefore since the govt spending was 15k m,it will increase by 5k m and therefore be 20k m.
Not sure about this method but I hope you understood it.
Sir Please explain this question
Q)To increase its labour force from 50 to 51 workers, a firm has to increase the daily wage rate from
$600 to $610.
What is the marginal cost of labour per day?
A $10 B $510 C $610 D $1110
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