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a) Describe the relationship between unemployment and real GDP.
b) The working age population is 68,690 and the labour force participation rate is 73.6%. Use this information to find the following.
i. Calculate the number of people in the labour force.
ii. If there are 5,500 people unemployed, what is the unemployment rate?
If the real wage can adjust to equilibrate labor supply and labor demmand, what is the real wage. In this equilibrium, illustrate what are employment, output, and the total amount earned by workers.
Assume that a country with a fixed exchange reate has an import of 100 per month and an export of 100 per month. Suddenly and unexpectedly the exchange rate is devaluated with 10 percent. Calculate the change on net export due to the devaluation if w..
An increase in the general price level will lead to:
Discuss key steps/decisions involved in developing and managing an advertising program.
The Total Revenue Test is a method of quickly calculating whether or not a product has elastic or inelastic demand. Simply put, an entrepreneur or manager can simply look at the total revenue created from a product using the income statement from mon..
What equal monthly investment is reqired over a period of 40 years to achieve a balance of $2,200,000 in an investment account that pays monthly interest of .2%? If monthly interest is 2%?
In which type of auction is the item awarded to the highest bidder at a price equal to the highest bid? A Vickrey Auction B Common-Value Auction C Sealed-bid first-price auction D Second-Price Auction
A commercial bank has $100 million in checkable-deposit liabilities and $12 million in actual reserves. The required reserve ratio is 10 percent. How big are the bank’s excess reserves? LO33.2a.$100 million.b.$88 million.c.$12 million.d.$2 million.
A recent new hire has joined Fig Technologies. The individual is of a cultural background that is perceived as very different from the mainstream workplace.
One important term that we evaluate in economics is that of scarcity. How does the role of scarcity affect decisions that you have to make?
Select an industry or firm. State its market structure (pure competition, monopoly, monopolistic, or oligopoly). Next, please define the characteristics of the industry or firm that support your selection of market structure. Lastly, describe and ill..
Qty supliied 160 150 110 100 80 1) Identify on the grsph where equilibrium occurs. Explain ,in detail , what is meant by equilibrium
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