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a) Suppose that the matching function is given by: M = em(Q, A) = eQ^(0.7)A^(0.3) Express pc and pf as functions of e and labor market tightness j.
b) Suppose that z = 1, b = 0.4, e = 0.9 and k = 0.24. Suppose that w = 0.75 Find the unemployment rate in the economy.
c) Suppose that e falls to 0.8. Suppose that w is unchanged. What happened to the unemployment rate, the labor force participation rate and output?
d) Suppose that by law the wage is increased (while keeping all the parameters from part (c) unchanged). What is your prediction about the unemployment and participation rate?
when the price of sugar was low consumers in the united states spent a total of 1 billion annually on its consumption.
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Rigorously analyze the issues you have identified. Base your arguments on data in the case. Demonstrate your critical thinking ability, creativity, and insight, as well as appropriate use of the tools provided in the text or in previous courses.
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Which of the following would NOT shift the demand curve for a good? The primary difference between a change in demand and a change in quantity demanded is:
you can purchase a service contract for all of your major appliances for 180 a year. if the appliances are expected to
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Diagram the total product, marginal product and average product functions showing the division points between stages I, II and III of the production process. How do these stages of production relate to isoquants.
Please explain the difference between demand and quantity demanded? Give an example of a change in demand and an example of a change in quantity demanded.
after visiting several automobile dealerships richard welch selects the car he wants. he likes its 10000 price but
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