I need someone to solve macroeconomics questions (classical, neoclassical model)

Job ID: 33271516

Budget: $10 – $30 USD

QUESTIONS SUCH AS (18 QUESTIONS)

Which of the following is true?
Select one:

a.
The classical model is a model that promotes planning by the government

b.
The classical model is a model that promotes market mechanisms

c.
The classical model is for anti-market regulations

d.
The classical model does not explain how production is done
Clear my choice


Question 3

Which of the following variable(s) affect(s) the demand of labor?
Select one:

a.
The marginal disutility of capital

b.
The marginal product of labor

c.
The level of real wage

d.
Both b and c

Question text
When entrepreneurs determine their demand for labor, how do they maximize real profit?
Select one:

a.
By equalizing the marginal product of labor and the real wage

b.
By equalizing level of profit and the real wage

c.
By equalizing the marginal product of capital and the real interest rate

d.
By equalizing the marginal disutility of labor and the real wage
Clear my choice
Question 5
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The real wage in the market is at w/p = 4 and we have the following data. How many hours of labors are supplied?

Select one:

a.
0

b.
3

c.
5

d.
4

e.
1

f.
2
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Question 6
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The real wage in the market is at w/p = 4 and we have the following data. How many hours of labor are demanded?

Select one:

a.
0

b.
2

c.
1

d.
4

e.
5

f.
3
Clear my choice
Question 7
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What is the situation in the labor market if w/p = 4?
Select one:

a.
There is an equilibrium

b.
There is a shortage of labor

c.
There is a surplus of labor

d.
None of the above
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Question 8
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What is the equilibrium real wage?
Select one:

a.
0

b.
10

c.
12

d.
5

e.
4

f.
7
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Question 9
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What is the equilibrium value of hours of labor?
Select one:

a.
2

b.
5

c.
0

d.
4

e.
3

f.
1
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Question 10
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In the neoclassical view of the macroeconomy, if there is not enough investment spending to use all available savings
Select one:

a.
excess savings will be used to pay taxes.

b.
the interest rate will fall.

c.
the Federal Reserve will raise the interest rate.

d.
excess savings will be hoarded.
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Question 11
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In the Classical analysis, which of the following Figure represents an increase in thriftiness? (the new line is the dotted line)Loanable funds
Select one:

a.
c

b.
d

c.
a

d.
b

Question text
According to the neoclassical analysis, if the thriftiness of individuals increases this is bad for investment.
Select one:
True
False
Question 13

What is the basic message of the quantity theory of money?
Select one:

a.
Inflation does not have monetary origins

b.
Government deficit leads to a crowding out effect

c.
Too much money chasing too few goods leads to inflation

d.
When people of have too much money to spend there is deflation

Question 14

Question text
According to the classical analysis, if the government increases government spending this will
Select one:

a.
leave investment the same

b.
discourage investment

c.
encourage investment

d.
increase consumption
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Question 15

Which of the following is a policy implication of the classical model?
Select one:

a.
We should increase the education of workers in order to promote full employment

b.
We should decrease interest rate in order to promote higher saving

c.
We should increase real wage in order to eliminate unemployment

d.
We should promote government spending to promote employment
Clear my choice
Question 16
Related categories: Economics