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Q. Some Keynesian economists criticize official unemployment statistics for understating extent of joblessness in United States. Which of following statements represent short comings of official unemployment rate reported by Bureau of Labour Statistics each month?
I. Discouraged workers are not considered unemployed.
II. People who work part time but want to be working full time are considered employed.
III. Retirees are not included in labour force.
Which of the government policies below is not likely to encourage per capita economic growth.
Compute the change in the level of real GDP demanded for each of the following values of the MPC. Then, calculate the change if the government, instead of reducing its purchases, increased autonomous net taxes by $10 billion.
Suppose population growth rate is 0.03, inome elastiity of demand for consumption is 0.75 and inome growth rate of 0.05. what would be the growth rate of agriultural production for balaned growth of the economy.
In a recent article, a researcher reported that he had found the demand curve for kerosene to be upward sloping.-as the price of kerosene rose the quantity demanded of kerosene increased. Illustrate what questions might you have for this researche..
Give an economics analysis of that liability standard for product-related harms.
Explicate why the cost structure associated with many kinds of information goods also services might imply a market supplied by a small number of large firms.
Illustrate what variables or than cost appears or have biggest impact on demand for McDonald's products. How much influence does company have over se variables.
Illustrate what do they mean efficienty level of output. If the government were to build the bridge, what price should it charge.
He finds which he is overworked also which several of his research scientists seems to be spending work hours playing tennis.
Describe whether each of the following would cause a shift of the aggregate demand curve, a shift of the aggregate supply curve, neither, or both.
find out goods that lie near these extremes. Characterize demands for the following goods as being near perfectly elastic or near perfectly inelastic.
How these earnings differences have changed over the past half century, as well as what factors are responsible for these changes.
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