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True, False, or Uncertain and explain why
a) In a world of job-finding and search, unemployment benefits should effect the wage accepted, but not the length of time spent searching for a job.
b) The number of monthly separations between workers and firms is about 200,000, equal to a decent month’s job gains.
jane works part-time and earns 12000 per year. because she is below the poverty line she also earns 4000 in various
Imagine that you are an international reporters. You have been tasked with describing and critiquing the current state of the U.S. economy.
What is information asymmetry and example? What is moral hazard and example? What is adverse selection and example?
During a business cycle, typically output can be below the level consistent with the secular growth trend: A. only at the peak (top) of the cycle. B. only at the trough (bottom) of the cycle. C. whether the economy is expanding or contracting. D. at ..
Which of the following market transactions of final goods and services are excluded from the computation of U.S GDP
Since its introduction during World War II as a measure of wartime production capacity, the Gross National Product (GNP), now routinely measured as Gross Domestic Product (GDP), has become the nation's foremost indicator of economic progress. It is n..
How do you apply governmental intervention into game theory and its applicability to market behavior? Is governmental intervention predictable and probable?
A forward premium for a given currency (say the nominal bilateral exchange rate value of the dollar where S = 80 yen/1 dollar = 80) occurs when the value of the currency as given by the forward spot rate appreciates such as S = 85 yen/1 dollar = 85. ..
During the course of a week, McDonald's has enough time to hire or layoff workers, but it does not have enough time to expand its kitchen or add an additional seating area.
Examine how the Federal Reserve controls the money supply. In a paper, formulate how the independence of the Federal Reserve should or should not be modified in any way. Support your conclusions with references to the textbook and other resources.
The publisher of a new book figures fixed cost at $92,000 and variable cost at $2.10 for each book produced. If the book is sold to distributors for $15 each, how many must be sold for the publisher to break even?
A change in input prices shifts the isoquant map. Convex isoquants mean that the marginal rate of technical substitution decreases as the firm substitutes labor for capital. A change in cost shifts the isocost curve.
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