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Go to the Web site maintained by the U.S. Bureau of Labor Statistics (www.bls.gov). Find the latest Employment Situation Summary. Look under the link "National Employment."
a. What are the latest monthly data on the size of the U.S. civilian labor force, on the number of unemployed, and on the unemployment rate?
b. How many people are employed?
c. Compute the change in the number of unemployed from the first number in the table to the most recent month in the table. Do the same for the number of employed workers. Is the decline in unemployment equal to the increase in employment? Explain in words.
benefit-cost analysisthe objectives of the assignment are to gain further experience in calculating net present values
Suppose that the Phillips curve is given by ?t-?t^e= 0.1-2?t where ?t^e=?t-1 Suppose that inflation in year t-1 is zero. In year t, the authorities decide to keep the unemployment rate at 4% forever. 1. Compute the natural rate of unemployment.
Diagram the strategies, players, and compute payoffs as best you can. Compute the Nash equilibria. What can you do to change the rules of the game to your advantage? Compute the profit consequences of your advice.
Consider a 2 good exchange economy with 2 consumers. Consumer A'spreference is u(x1,x2) = lnx1 + ln x2. B's preference is represented by U(x1,x2) = 2 ln(x1) + ln (x2). Suppose the initial endowments are (5,7) for A and (10,8) for B.
Using a supply and demand diagram for the market for money, show what happens to the equilibrium level of the interest rate as aggregate output falls. What does this imply about the slope of the LMcurve?
How will this affect the presentation?
If your bank held 1 % of the units issued by a unit trust and the mortgages in the trust repaid $10,500,000 in interest and $1,500,000 in principal in its first year, how much principal and interest would your bank receive that year
A raffle is being held at a school to raise money for the library. The organizers sell 40 tickets. They will select 4 winning tickets at random for prizes. a) How many different combinations of 4 winning tickets can there be
David gets $3 per month as an allowance to spend any way he pleases. Since he likes only peanut butter and jelly sandwiches, he spends the entire amount on peanut butter (at $0:05 per ounce) and jelly (at $0:1 per ounce).
discuss how to construct valid tests of the hypotheses in (c), (d) and (e), and carry them out.
Assume that Maria Moneybags keeps $1000 in cash in her sock drawer. Over the first year, the inflation rate is 10%. What is the real inflation tax paid by Maria for this year. What is the real inflation tax paid by Maria for the second year
A probability density function shows the probability for each value of X.The variance of X must be non-negative; the variance of Y must be non-negative; hence the covariance of X and Y must be non-negative _If X is a uniformly distributed random v..
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