Economics 32 discussion of question/answers

[Mattman]

anyone remember what was the question i forgot?

 

[Mattman]

for the Federal Reserve question was the answer A? i forgot whether it said buy or sell govt securities on open market

 

[shanky631]

for the Federal Reserve question was the answer A? i forgot whether it said buy or sell govt securities on open market

yaa the answer was purchase of bonds may be!1

 

[Mattman]

yaa the answer was purchase of bonds may be!1

oh if purchase its correct, thx

 

[jack1027]

anyone remember what was the question i forgot?

the question about government deficit
is the answer as a percentage of GDP

 

[shanky631]

the question about government deficit
is the answer as a percentage of GDP

yaa i chose the samee.

 

[Mattman]

the question about government deficit
is the answer as a percentage of GDP

ah yes same. thx

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[Mattman]

overall i think the GT will be normal, 22-24 marks i hope

 

[parthrocks]

yaa the answer was purchase of bonds may be!1

YA hope so!

 

[parthrocks]

overall i think the GT will be normal, 22-24 marks i hope

hey what about A being 21 or 20???any chance?

 

[Mattman]

im not sure, a lot of new types of questions, like the capital/consumption goods quqestion, etc

 

[parthrocks]

Hi all here are my answers i remember in no order,
1)subsidies improve allocation,D
2)MU/P is the same for all goods,C
3)real incomes increase,C
4)W1,N1, monopsony question A
5)Managerial diseconomies, firm builds 1 more plant question C
6)Less profits to stockholders,firm with growing output
7)MPC=2/3 A
8)A, i forgot the answer, can any1 tell? How fed reserve increase supply of money
9)45000, difference between economic/accountant B
10)unemployment below nat rate, accelerating inflation, below potential output B
11)Increase participation rate improves potential growth D
12)increased lending by govt increases interest, no 28 A
13)Tax rates increase by more than 10 million B
14)real output increase, GDP question A
15)year 4, accelerator B
16)increase in econ rent, the small area above the upper initial triangle B
17)PPC question, movement where capital goods are produced less for more consumer goods D
18)Consumer surplus decrease, marketing costs increase, price disc rimination question
19)Liquidity pref, B,D increase, S increase
20)Structural unemployment, demand for electronic reduced
21)Rapid technological change
22)developing countries increase productivity through specialization
23)why even when P=MC allocative efficiency not achieved, presence of externalities
24)Concentration ratio, 4 firms have 25% share of market
25)Specific Tax on cig
26)deflationary tax most effective when low income consumers spend more on goods
27)monopoly marginal cost pricing, price decrease, output increase
28)income effect positive substitution effect negative
29) when govt imposes tax on monopoly MC increases
the other question i forgot, post please

Finally brother!!!lets end it here!!and leave it out the supreme soul!!the almighty god!!
jay shree krishna!bye

 

[parthrocks]

im not sure, a lot of new types of questions, like the capital/consumption goods quqestion, etc

Same lets enjoy!!all papers over!!and hope whatever we discussed may be some what right!!and rest all on cie and god!!
bye

 

[AlphaCentauri]

My reasoning is that a firm which grows fast maximizes it's output, AR=AC, so profits to stockholders are minimal

Thought that too... but it's not necessary?

butt not enough evidence was der in the question to support that workers were unhappy. some workers also get increased pay. so why will labour turnover increase necessarily???

Technological change can cause structural unemployment. Labour of higher order skills will be needed?

a firm with growth can experience economies of scale also anyway

Exactly. And for a large range of output.

 

[AlphaCentauri]

it was a repeated question, and im very sure its rapid tech change

Structural unemployment.

But frictional unemployment too can occur, no? If differentials in wages are widened...

 

[shanky631]

Structural unemployment.

But frictional unemployment too can occur, no? If differentials in wages are widened...

yess it was a tough choice between the two.

 

[AlphaCentauri]

yess it was a tough choice between the two.

I chose structural. Frictional causes temporary voluntary unemployment if it concerns wage differentials, technological change cause redundancies.

Lol, that's why I love Economics. You can never be sure.

 

[shanky631]

I chose structural. Frictional causes temporary voluntary unemployment if it concerns wage differentials, technological change cause redundancies.

same here i went with structural.

 

[shanky631]

what was for the question in which a goverment in recession spends by 10 million. why it will lead to less increase in gdp???

 

[AlphaCentauri]

what was for the question in which a goverment in recession spends by 10 million. why it will lead to less increase in gdp???

MPC < 1. Yap?