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  • Additional Exercises - Chapter 14

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    Seo ChangBin
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    This document provides a list of additional exercises related to macroeconomic problems covered in Chapter 14. The exercises include differentiating between budget deficits and surpluses and public debt, explaining how monetary policy tools can be used to overcome inflation, describing how inflation is measured and its different types and their importance, differentiating between demand-pull and cost-push inflation and how they are reflected in the AD-AS model, and explaining how unemployment rate is calculated and why it will never reach full employment.

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    This document provides a list of additional exercises related to macroeconomic problems covered in Chapter 14. The exercises include differentiating between budget deficits and surpluses and public debt, explaining how monetary policy tools can be used to overcome inflation, describing how inflation is measured and its different types and their importance, differentiating between demand-pull and cost-push inflation and how they are reflected in the AD-AS model, and explaining how unemployment rate is calculated and why it will never reach full employment.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    12 views1 page

    Additional Exercises - Chapter 14

    Uploaded by

    Seo ChangBin
    This document provides a list of additional exercises related to macroeconomic problems covered in Chapter 14. The exercises include differentiating between budget deficits and surpluses and public debt, explaining how monetary policy tools can be used to overcome inflation, describing how inflation is measured and its different types and their importance, differentiating between demand-pull and cost-push inflation and how they are reflected in the AD-AS model, and explaining how unemployment rate is calculated and why it will never reach full employment.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    ADDITIONAL EXERCISES

    CHAPTER
    Macroeconomic
    14 Problems

    1 Differentiate between a deficit budget, a surplus budget and public debt.


    2 Explain how monetary policy tools can be used to overcome the problem of inflation.
    3 (a) How is inflation typically measured?
    (b) What are the different types of inflation?
    (c) Why is it important to know which type of inflation we may experience?
    4 Differentiate between demand-pull and cost-push inflation. How are these situations reflected in
    terms of the AD-AS model?
    5 How is unemployment rate calculated? Explain two reasons why the calculated unemployment
    rate will never correspond to full employment.

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