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There are 440,000 people residing in Riverside. Among them, 80% of the population is the civilian labor force. 15% of the civilian labor force lost their jobs because their job skills are not required any longer. 30% of civilian workers are unemployed because the current wage is fixed at a very high rate.
Classify the civilian labor force in Riverside into one of the following unemployment types: structural and frictional unemployment and explain why.
Should the company buy or lease the fleet of trucks that it uses to transport it's products to market?
Suppose households hold $0.30 in currency for every $1 they have as demand deposits (checking accounts). Also, banks hold 20% of their deposits as reserves. If the Federal Reserve system buys $10 of government bonds from banks, by how much would the ..
In 2003 at Holloman Air Force Base in New Mexico, test engineers set a world record by moving 192 lb payload at 6,453 miles per hour in a rocket sled. The rocket sled track, built in 1954, is 15.44 km in length. Assume the sled moved at the maximum s..
An acute care hospital has found that having geriatric nurse specialists take charge of discharge planning for stroke patients reduces length of stay from 5.4 days to 5.2 days. On average the geriatric nurse specialist (who earns $27 per hour includi..
Social Security and Medicare are in financial trouble. The money will run out for the future generations if something is not done shortly. In detail, explain how you would save both systems for the future generation.
Children in poor neighborhoods have bleak outlooks on life and do not see much gain to studying. A recent experiment is paying children in poor neighborhoods $100 for each “A” they earn in a six-week grade reporting cycle. How does this affect behavi..
The Staggers Rail Act of 1980 substantially reduces the power of the Intersate Commerce Commission (ICC) to control the rates that railroads charge shippers. the president of the National Coal association has denounced the system of '' letting the ra..
Suppose the US government places a ceiling on the price of internet access also a black market for Internet providers arises, with internet providers developing hidden connections.
Introduce and explain the concept of social welfare - define and describe the laws of demand and supply
Joe deposited $2206 into an account paying 6% compounded annually. In year 4 he made an additional deposit of $3430, but in year 8 he had to withdraw $630. How much does Joe have in his account in 25 years?
What annual interest rate must they earn to reach their goal, assuming they don't save any additional funds?
Elucidate using a graph why the change in real GDP is likely to be smaller than the shift in the aggregate demand curve.
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