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Productivity often rises during economic expansions and fa
1.Productivity often rises during economic expansions and falls during economic recessions. Can you think of reasons why? Briefly explain. (Hint:Remember that the level of productivity involves both levels of output and levels of labor input.)
2.Use the following data to calculate (a) the size of the labor force and (b) the official unemployment rate: total population, 500; population under 16 years of age or institutionalized, 120; not in labor force, 150; unemployed, 23; part-time workers looking for full-time jobs,10.
3.Explain how an increase in your nominal income and a decrease in your real income might occur simultaneously. Who loses from inflation? Who loses from unemployment? If you had to choose between (a)full employment with 6% annual rate of inflation and (b) price stability with an 8% unemployment rate, which would you choose? Why?
Consider the table below the supply schedules for three competitive firms, each producing honey. These three firms make up the overall industry-Calculate the total industry supply at each price and fill in the table.
Dell Electronics just stumbled upon a new supplier of personal computer (PC) circuitry in Costa Rica that can supply standardized computer inputs at $70 per PC.
Explain what happens to the nation's aggregate supply curve, the short-run equilibrium level of output, and the price level if:
A corporation among $7 million in yearly taxable income is considering two alternatives
Question based on Derive and compare demand curve, Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?
Explain how does each of the following affect the aggregate demand curve?
Utilize the principle of contracting-out to provide an economic argument for contracting-out or outsourcing some government-provided service or aspect of a firm's production.
Suppose that Demand and Supply curves for coffee bean is given by-What value of t maximizes Government's tax revenue?
Illustrate what was the economy's biggest risk--inflation or unemployment.
Elucidate your answer also describe terms relevant to elasticity used in your explanation.
Write an equation that expresses the money supply multiplier (for M1) in terms of its three determinants.
To what extent were monetary factors responsible for the recession of 1981 and 1982? Provide a full analysis and be specific. Please site references where appropriate.
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