Can somebody take my microeconomics exam

Which best explains how contractionary policies can hamper economic growth?

• They increase demand.
• They help increase consumer debt.
• They reduce consumer confidence.
• They reduce disposable income.

1. Demand and Supply in the Housing Market (20%)

Suppose the demand function for squared meters of housing in Oslo is a standard downward sloping curve, while the supply function is a standard upward sloping curve.

(a) Dr...

2. Behavior of consumers in the market for water (15 %)

(a) The residents of Norway consume water (W ) and spend the rest of their income on other goods (O). The price of water is PW , while the price of other goods is PO. The i...

3. Production of taxi rides (15%)

GlobalTaxi runs taxi services around the globe. GlobalTaxi uses two inputs in production: capital K and labor L. Capital has a rental cost of r, while labor is paid a wage w.

(a) Derive th...

4. Pricing in the electricity market (25 %)

Let households’ demand for electricity be given by q = 100 − 5p. The price of electricity at power exchanges is 2, so the marginal cost of power suppliers is 2.

(a) C...

5. COVID-19 measures in the labor market (25 %)

The COVID-19 pandemic has had large effects on the economy. There have been particularly large effects on industries that rely on the physical presence of their customers, such as a...