Question
1.An initiative on Arizona's 2006 ballot would have handed out a $1 million lottery prize every election: The only way to enter the lottery would
1.An initiative on Arizona's 2006 ballot would have handed out a $1 million lottery prize every election: The only way to enter the lottery would be to vote in a primary or general election.
How would a lottery like this influence voter ignorance?
2 Explain the role of expectations in the macroeconomy.
3. What is macroeconomic disruption? What are the causes of macroeconomic disruption?
4.In macroeconomics give at least three reasons why funds flow from country to country.
5. One of the key macroeconomic policy objectives for a government to typically pursue is to maintain low inflation.
Analyze what is meant by this and its importance, and identify the other three key macroeconomic objectives.
6.Derive the mashalrun curve using the utility function
7. Discuss how the labor market works
8. Explain in details different types of unemployment
9. What happens when the country is in recession period
10.Explain the long run curve of production and how its being affected by factors of production
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