chapter 1 introduction to macroeconomics

Question 1

whats the definition of macroeconomics?

Answer 1

study of the beahvior of the aggregate economies / economy system

Question 2

whats the differences btween macro and micro?

Answer 2

income : mic ( study on individual ) mac ( study national income )
labour : mic (analyze demand for and supply of lkabour ) mav ( analyze total employment economy )
descision : mic ( deal w household and firms decision ) mac ( deals w aggregate decisions )
price : mic ( study on individual price ) mac ( study overall price level )

Question 3

whats macroeconomic goals?

Answer 3

• fulll employment
• economic growth
• price stability
• equitable distribution income

Question 4

whats the conflict of macroeconomic goals?

Answer 4

• to achieve full employment and maintain price stability
• achieve economic growth and maintain price stability
• to achieve economic gwothr and equilibrium in BOP

Question 5

whats the definition of aggregate demand ?

Answer 5

total goods and services demanded at alternative price levels in given period of time

Question 6

whats the factors that shift ad curve to right?

Answer 6

• income increase
• interest rate decrease
• gov exppanditue increase
• tax decrease
• wealth increase
• investment increase

Question 7

whats the factor that shift AD curve to left?

Answer 7

• income decrease
• interest rate increase
• gov expend decrease
• tax increase
• wealth decrease
• investment decrease