Required:i. Identify and list the macroeconomic problems in this12passageii. Outline the consequences of the said problems onmacroeconomic goalsiii. Suggest policy remedies to any three of the problemsidentified. 2. The new 2 and 5 Zimbabwe dollar notes and coins were scheduled tostart circulating on Monday but failed to appear on time, causingconfusion at banks. Shortages of cash, foreign currency, fuel and powerare the most visible signs of the southern African nation's worsteconomic crisis since 2008, when hyperinflation forced the governmentto ditch its currency.3. Hundreds of people, mostly pensioners, queued for cash outside onebank in central Harare on Tuesday and were issued 150 Zimbabwedollars ($10) of the new 2-dollar bills and coins. They were told to returnon Thursday if they wanted more. "I managed to withdraw 150 dollarsbut it is not enough to buy anything. The banks should do somethingabout the limit, maybe increase it to 1,000," John Kamuzunga, a 72-year-old pensioner, told Reuters after collecting his cash.4. The central bank has maintained per-customer withdrawal limits at 300Zimbabwe dollars a week, half the amount a farmer needs to buy a bagof fertiliser amid soaring inflation that economists estimate at 380%.5. Banking executives said they received the new bills late on Monday andcustomers were already withdrawing the money. Central bank governor

In this situation:- The southern African nation are already facing shortages of cash, foreign…

i. Identify and list the macroeconomic problems in this passage ii. Outline the consequences of the said problems on macroeconomic goals iii. Suggest policy remedies to any three of the problems identified.

i. Identify and list the macroeconomic problems in this passage ii. Outline the consequences of the said problems on macroeconomic goals iii. Suggest policy remedies to any three of the problems identified.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Required:
i. Identify and list the macroeconomic problems in this
12
passage
ii. Outline the consequences of the said problems on
macroeconomic goals
iii. Suggest policy remedies to any three of the problems
identified.

2. The new 2 and 5 Zimbabwe dollar notes and coins were scheduled to
start circulating on Monday but failed to appear on time, causing
confusion at banks. Shortages of cash, foreign currency, fuel and power
are the most visible signs of the southern African nation's worst
economic crisis since 2008, when hyperinflation forced the government
to ditch its currency.
3. Hundreds of people, mostly pensioners, queued for cash outside one
bank in central Harare on Tuesday and were issued 150 Zimbabwe
dollars ($10) of the new 2-dollar bills and coins. They were told to return
on Thursday if they wanted more. "I managed to withdraw 150 dollars
but it is not enough to buy anything. The banks should do something
about the limit, maybe increase it to 1,000," John Kamuzunga, a 72-
year-old pensioner, told Reuters after collecting his cash.
4. The central bank has maintained per-customer withdrawal limits at 300
Zimbabwe dollars a week, half the amount a farmer needs to buy a bag
of fertiliser amid soaring inflation that economists estimate at 380%.
5. Banking executives said they received the new bills late on Monday and
customers were already withdrawing the money. Central bank governor

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