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(a) What is the difference between actual unemployment rate and natural rate of unemployment?
(b) In an economy, 5% of the employed workers lose their jobs and 20% of unemployed workers find jobs during the FY 2015. Calculate the natural rate of unemployment in that economy?
In 2009, it was estimated that the total value of all corn production subsidies in the United States totaled about $4 billion. The population of the United States was approximately 300 million people that year. On average, how much did corn subsidies..
The cost of capital is. To produce where marginal cost is equal to marginal revenue is called
Given the expected price level, policies for reaching potential GDP will work best if the funds provide.
Suppose the market price of corn is $1.50 per bushel. Would a farmer sell corn to the market or the government (CCC)? How much of a countercyclical payment per bushel would the farmer receive?
A few questions in this problem set are based on the comments made by James Love to Congress regarding antitrust policy and the Petroleum industry. These are found at the end of the module on Antitrust Policy. Why is less concentration a problem for ..
Leslie works 35 hours a week at a wage of $20. Thus, her total weekly income is $700. On this income, she pays total taxes of $49. However, she calculates that on the last hour that she works, she pays $5. Leslie's average tax rate is what?
Elasticity-time! Calculate the elasticity implied by the information given (own-price, cross-price, or income), interpret the elasticity (“For a one percentage point change in…”), and tell me what the elasticity implies about the good or goods.
What effect does population growth have on economic development? Why have most developing countries followed inward-oriented development strategies?
Illustrate what amount of profit does the industry fail to pick up by refusing to increase output by one unit
The state Medicaid agency sets the price for nursing home care. The unit price is $180 per day. This price is beyond the control of any nursing home. What is the marginal revenue for another patient day at Holly Head Nursing Home?
Keeping in view the law of supply how the following factors will shift the supply curve? each answer must be supported by diagram?
In competitive equilibrium, what is the ratio of the price of bananas to the price of tomatoes. Illustrate what is the equilibrium quantity of bananas and tomatoes consumed by Marilyn and Chen.
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