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Question - Review and estimate the unemployment rate for the United States and then report on the unemployment rate on three other states using the following website resources to access the data set. After conducting this review, students will compare the trends noted and explain reasons for the variation between the national unemployment rate and state unemployment rates including the character of the economic base, demographic factors, and other contributing dynamics.
Calculate the income elasticity of demand for each good. Use the calculated elasticity to identify whether each good is normal or inferior by typing "inferior", "normal", or "unrelated".
What are financial intermediaries? How do these intermediaries function in the economy? What is a federal government budget deficit? What is the national debt? How does a budget deficit affect the economy?
What would be a hypothetical numerical example to show the difference between complete crowding out and incomplete crowding out.
Gus cab driver rents a cab and pays for gas. In each of following circumstances, describe the short-run effects & long-run effects on the price and quantity of rides Gus offers.
Provide an economic profile of the Airline industry. Include an industry profile, Industry size data and current developments and trends within the industry.
Spend 2 or 3 hours observing the organization in which you are employed. During the observation, identify internal and external interactions of the organization.
Explain the difference between fixed production technology and variable technology. Should the government set a goal of reducing the marginal social cost of pollution to zero in industries with fixed-production technology.
Suppose an economy's real GDP is $30,000 in year 1 and $31,200 in year 2. What is the growth rate of its real GDP
A coin was flipped 60 times and came up heads 36 times. Suppose you test whether the proportion of heads is greater than 0.50 at a 10% level of significance. What is your conclusion?
Good intentions must be followed by actions leading to measurable outcomes. Sustainability initiatives and their outcomes are tracked through accountability.
Answer the following problem from the chapter on Aggregate Supply and Aggregate Demand: Based on our discussion in class, use the AS-AD model to graph the following issues with economic growth and instability:
Go to the internet and find a news article that discusses balancing the federal budget of the U.S. , summarize key points and post in the Discussions area. Be sure to include your policy recommendation of what should be done.
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