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Use the following scenario to answer the questions (Part B1) and (Part B2).
In a given year in the United States, the total number of residents is 100 million, the number of residents under the age of 16 is 38 million, the number of institutionalized adults is 15 million, the number of adults who are not looking for work is 17 million, and the number of unemployed is 5 million.
(Part B1) Refer to the data in the above scenario. What is the size of the labor force in the United States for the given year?
(Part B2) Refer to the data in the above scenario. What is the unemployment rate in the United States for the given year?
Assuming individuals hold no cash (all cash is in bank vaults as reserves), calculate the simple money supply from the following reserves requirements and deposits in the systems. 5 Points each, 30 points subtotal
Which of the following is an example of fiscal policy being used in the US?
Nintendo and Sony Playstation are each considering to introduce one new game into the market. Each is planning three different kinds of games: an urban action game like Grand Theft Auto,
Sometimes when the citrus crop freezes in California or Flordia, the media report that even though there are fewer fruit available for consumers, "the total value of the crop has increased," or words to that effect. How can this be? What does this sa..
Over the past fifteen years the Heritage Foundation and Wall Street Journal have joined forces to make an annual Index of Economic Freedom.
How does the demand curve faced by a purely monopolistic seller differ from that confronting a purely competitive firm Why does it differ Of what significance is the difference Why is the pure monopolist's demand curve not perfectly inelastic
What is the name of market where consumers decide what to produce and purchase, prices are determined by supply and demand, found in limited governments.
Discuss whether each statement below is true, false or uncertain. Be sure to completely explain why, making use of appropriate equations, diagrams and so on.(a) A fall in the marginal cost of production of a monopolized good on which is levied ..
according to monetary theories of the business cycle fluctuations area. independent of the banking systemb. more
What are the main reasons why countries trade? Are there winners and losers with free trade and export? What is the effect of trade on the unemployment rate in the United States? Please provide concrete example. Write your initial response in four..
SAR Publisher is a monopolist in publishing a textbook on Hong Kong economy. Besides the Hong Kong market, SAR Publisher also sells this textbook in United State.
Draw a diagram in i-Y space showing equilibrium. Write clearly what the position of the IS, LM and BP=0 curves depend upon. Assume m/κ
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