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a) Suppose that the matching function is given by: M = em(Q, A) = eQ^(0.7)A^(0.3) Express pc and pf as functions of e and labor market tightness j.
b) Suppose that z = 1, b = 0.4, e = 0.9 and k = 0.24. Suppose that w = 0.75 Find the unemployment rate in the economy.
c) Suppose that e falls to 0.8. Suppose that w is unchanged. What happened to the unemployment rate, the labor force participation rate and output?
d) Suppose that by law the wage is increased (while keeping all the parameters from part (c) unchanged). What is your prediction about the unemployment and participation rate?
By 2011, when the economy appeared to be sputtering on its way to recovery, President Obama and the Democrats proposed additional actions to increase government spending to stimulate the economy and keep it from falling back into a recession.
Scarcity shapes decisions about how to distribute goods. Because resources are scarce consumers buy fewer good.
assignment research two periods in history one where the united states experienced an increase in inflation and the
Target and Kmart are engaging into the following one-shot game: if Target advertises and Kmart does not, Target will make $20 million in profits and Kmart will make $6 million. If Kmart advertises and Target does not, Target will make $2 million and ..
what is the meaning of a four-firm concentration ratio? interpret what a four-firm concentration ratio of 60 would
The theory of comparative advantage recommends a country produces goods where:
prepare and explain an ifas and efas table for your selected company. data presented in tables do not speak for
Find a descriptive article (1 page or more) which deals with a current exchange rate issue.
it's dominated by two firms, AMD and Intel. Yet price competition between those two firms is fierce, driving their profits down. Why is there greater price competition between rival computer chips than between rival computer operating systems
you are a member of a presidential commission appointed to consider a mandatory national health insurance plan and the
All loans shall be computed at an annual percentage interest rate
An end-of-aisle price promotion changes the price of elasticity of a good from -2 to -3. If the normal price is $10, what should the promotional price be?
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