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What does the labor market look like during a recession? Supply and demand of labor. How does supply of workers change and demand of workers by firms?
Find the information on GDP in billions of current dollars for the past four quarters. In U.S. Economic Accounts under National click on Gross Domestic Product
Suppose that a certain country has an MPC of 0.9 and a real GDP of $400 billion. If its investment spending decreases by $4 billion, what will be its new level of real GDP?
A firm operating in perfect competition receives $45 for each unit sold. The form has a variable cost of $25 per item and a fixed cost of $1600. What is the profit for the firm if it sells?
Jennifer spends her weekly allowance of $100 on goods X and Y. Currently Px = $10 and Py = $5 and she buys 5X and 10Y. The price of Y then doubles and Jennifer now buys equal amounts of X and Y. With good Y on the Y-axis, illustrate the income and su..
Choose three of the most effective alternative methods of government finance. Provide a rationale for your choices by explaining why they are the most effective methods, and analyze their impact on the economy.
Arrival rate of customers and processing times of customers each have a coefficient of variation = 1.0. On average, how many customers are standing lines.
(a) Develop a choice table for interest rates from 0% to 50%. (You do not know what the reader's interest rate is.)
The market for all-leather men's shoes is served by both domestic (U.S.) and foreign (F) producers. The domestic producers have been complaining that foreign producers are dumping shoes onto the U.S. Calculate the price and quantity that would prevai..
Assuming the same financial market transaction costs and risks, will funds tend to move toward the U.S. or Japan if the U.S. interest rate is 5%, the Japanese interest rate is 2%, and there is a forward discount on the dollar of 2%? How will this eff..
Divide the gain or loss by the number of years to maturity to calculate the average annual gain/loss. Calculate the yield to maturity on this bond.
Should the government use monetary and fiscal policy in an effort to stabilize the economy? The following questions address the issue of how monetary and fiscal policies affect the economy, and the pros and cons of using these tools to combat economi..
Explain why most market labor supply curves slope upward and to the right, even though individual labor supply curves are presumed to be backward-bending. How does the height of a market labor supply curve relate to the concept of opportunity cost?
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