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Question1. Productivity often increase during economic expansions and decreasing during economic recessions. Can you think of reasons why? Briefly explain. (Hint:Remember that the level of productivity involves both levels of output and levels of labor input.)
Question2. Use the following information to compute [A] the size of the labor force and [B] the official unemployment rate: total population, 500; population under 16 years of age or institutionalized, 120; not in labor force, 150; unemployed, 23; part-time workers looking for full-time jobs,10.
Question3. Describe how an increase in your nominal income and a decrease in your real income might occur simultaneously. Who loses from inflation? Who loses from unemployment? If you had to choose between [A] full employment with 6 percent yearly rate of inflation and [B] price stability with an 8 percent unemployment rate, which would you choose? Why?
Describe what do you mean by the price elasticity of supply.
Florida Citrus Mutual, an agricultural cooperative association for citrus growers in Florida, needs to predict what will happen to price and output of Florida oranges under situations below.
What are the needs of big companies presently. Do you think it is paying higher salary so people will be more motivated.
The Bureau of Labor Statistics reported and total number of unemployed workers.
What is the amount of the difference between the maximum premium and AFP, and what is this called?
Determine what are economic decisions made in tradition, command and market economies and what are the pros and cons of each?
the knowledge you have collected in this course on monetary and fiscal policy actions, critically describe the transmission process.
Create another diagram; once again start from an initial macroeconomic equilibrium. Explain both the SR and LR impact of a contractionary AS shock on Y. Use the appropriate diagrams and provide a brief real world example of this type of shock.
Illustrate what accounting tools also reports would you use. Use the Library and internet to re-explore value chain management.
Discuss completely all forward exchange transactions that take place when the contracts are made. Describe what actually takes place three months later.
Describe the cutthroat competitors reasons for not raising or lowering his price, thereby accounting for the kink in his demand curve.
Determine what effect on a country's current account balance is an increase in use of quotas expected to have? Would your answer change if other governments retaliate? If so, how?
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