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1) A country with a civilian population of 900,00 (all over age 16) has 70,000 employed and 10,000 unemployed persons. Of the unemployed, 5,000 are frictionally unemployed and another 3000 are structurally unemployed. On the basis of this data, answer the following questions: (show your work for credit)
a. what is the size of the labor force?
b. What is the unemployment rate?
c. What is the natural rate of unemployment for this country?
d. Is this economy in recession or expansion? Explain.
you have been hired as a consultant by your local mayor to look at the various market structures. your role is to
consider the following frequency distributionnbsp nbsp nbsp nbsp classes nbsp nbsp nbsp nbsp nbsp nbsp nbsp nbsp nbsp
what happens to the money supply interest rates and the economy if the federal reserve is a net seller of government
What is the future worth of each given series of payments?
Veronica Martz has determined that demand for her Derby lunches is given by Q= 150-0.4P and a cost equation given by C= 80+5Q. Decide the optimal price and quantity for the firm. (Price should be calculated to nearest cent. Example: $ 5.43 must not b..
the client currently is 46 years old with an income of about 126000 per year. his goal is to retire between ages 62 and
answer based upon your knowledge of economics and class notes on differenes in wages and discrimination make and wage
For many corporations, a major portion of the cost of production is fixed in the short run. Should these very large fixed costs be ignored when the executives are making output and pricing decisions?
An economy is initially in long-run equilibrium. The introduction of an electronic payments system dramatically reduces the demand for money in the economy. a. What is the short-run impact on prices and output of the new system
Who in the Ethiopian society has the most difficult time dealing with scarcity?
Why does the assumption of independence of risks matter in the examples of insurance? What would happen to premiums if the probabilities of houses burning were positively correlated?
outline a microeconomic reform issue that is relevant to the australian economy and how successful do you think these
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