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How and why the official unemployment rate (measured by the BLS) might understate the true level of joblessness in this country?
How and why the official unemployment rate (measured by the BLS) might overstate the true level of joblessness in this country?
Given the factors that could cause the level of joblessness to be overstated or understated, do you think it more likely that the official measure paints "too optimistic" a picture or "too pessimistic" a picture of the overall employment situation in the U.S.?
Economics 442: Macroeconomic Policy - Problem Set 1. Assume G increases by ΔGO, and is completely bond financed (and there are no portfolio effects here). Calculate the government spending multiplier
Make sure to properly cite and reference the article in your review, along with any additional sources that you use.
Explain how large a sales increase can the company achieve without having to raise funds externally; that is, what is its self-supporting growth rate.
On the whole, is going to a summer sleep-away camp as a child a positive experience or a negative one? Why? Plan and write a response in which you state your position and persuade readers to agree with you.
Assume a competitive labor market. Draw the demand of labor curve for an individual firm. Assume that the firm faces a labor supply curve that is neither perfectly inelastic nor perfectly elastic.
Time inconsistencies (based on Barro-Gordon (1983), "Rules, Discretion, and Reputation in a Model of Monetary Policy", Journal of Monetary Economics, 12:101-121) Assume that the preferences of the benevolent policy maker can be represented through..
Hani has two goods available to purchase, bushes (B) and trees (T). He has perfect substitute preferences, and is always willing to trade 3 bushes for 1 tree. If his marginal utility of a bush is 15, what is his marginal utility of a tree?
What is national saving? What is private saving? What is public saving? How are these three variables related?
Explain the difficulty of defining and using the user cost of capital and discuss the value in making decisions based on it, rather than using accounting expense data. What is the difference between opportunity cost and accounting costs
Proponents of free market systems argue that free enterprise leads to more efficient production and better response to changing consumer preferences. Others point to the fact that markets are not perfect.
Assume the role of regional integration in promoting global business of Kenya, Africa.
Think about Trade. Country A takes 20 minutes to make a car, and 15 minutes to make a computer. Country B takes 30 minutes to make a car, and 20 minutes to make a computer. Total work time is 1 hour. If trade begins who exports and who imports
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